MH Rehab


Mass Housing


If you are a first-time homebuyer and looking to purchase a home in need of repair, MassHousing’s Purchase and Rehabilitation loan might be just the program for you. Mortgages covering the purchase price of the home plus necessary rehabilitation costs are available through Masshousing-approved Rehabilitation Lenders. A Purchase and Rehabilitation loan is a terrific product to improve the basic livability of a property and to make a house your home. Want more information on this great loan program, CONTACT ME.


• The loan program can assist with most repairs that will improve the basic livability, safety, and utility of a property.

• All code violations must be repaired.

• Available on one-to-four family properties.

• The loan program carries the same interest rate and point structure as a MassHousing mortgage.

• Minimum rehabilitation amount is $7,500 for all property types.

• Rehabilitation costs include the amount required to pay for the repairs, as well as other allowable expenses:

             - Title update fees

             - Required contingency reserve equal to 10% of the total rehabilitation cost.

• The lender or Local Rehabilitation Agency (LRA) may charge a fee of $1,500 based on the cost of the rehabilitation.

• Licensed contractors must complete all rehabilitation work.

• Maximum loan amount may not exceed 97% of the lesser of the sales price plus rehabilitation cost or the

          estimated appraised value after rehabilitation.

• At the time closing, the borrower will be responsible for the full mortgage payment on the total principal amount.



Need help finding a lender? CONTACT ME

Bank of Canton

Bank of Fall River


Berkshire Bank

Beverly Cooperative Bank

Bridgewater Savings

Bristol County Savings

Cambridge Mortgage Group, LLC

Cape Cod Co-Operative

Cape Cod Five

Charles River Bank

Chelsea-Provident Cooperative Bank

Citizens Union Savings Bank

Country Bank for Savings

Crescent Credit Union


Dedham Institution for Savings

East Boston Savings Bank

Eastern Bank

Fidelity Cooperative Bank

First Citizens Federal Credit Union

First Eastern Mortgage Corporation

Georgetown Savings Bank

Granite Savings Bank

Greenfield Co-Operative

Harbor One Credit Union

Holyoke Credit Union

I-C Federal Credit Union

Leader Bank, N.A.

Mackinac Savings Bank

Meetinghouse Cooperative Bank

Melrose Cooperative Bank

Mid-Island Mortgage Corp.

Monson Savings Bank

North Easton Savings Bank

North Shore Bank

Northeast Community Credit Union

Northern Bank and Trust Company

Randolph Savings

Rockland Trust Co.

Salem Five Mortgage Co., LLC

Saugus Federal C.U.


Savers Co-Operative Bank

South Shore Savings Bank

Spencer Savings Bank

St. Anne’s Credit Union


Taunton Federal Credit Union

Webster First Federal C.U.

Workers Credit Union



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