BOSTON – February 1, 2024 – MassHousing has recently partnered with three Massachusetts community-based lenders – Greylock Federal Credit Union, Unibank and Harvard University Employees Credit Union (HUECU).
The three will join 80 other MassHousing-approved lenders who originate affordable, MassHousing-financed home mortgage loans and down payment assistance to qualified homebuyers. These partner lenders originate, underwrite and close loans that conform to MassHousing criteria, and then sell the loans to MassHousing who is the servicer.
"I am very pleased that our three newest lender partners are community-based lenders," said MassHousing VP for Home Ownership Programs Mounzer Aylouche. "These credit unions and banks know their customers very well, are pillars of the community, and are in a good position to help customers find the right affordable mortgage loan, which I firmly believe in most cases is a MassHousing loan."
MassHousing is a quasi-public state authority that works to make housing more affordable in Massachusetts. The agency makes loans to low- and moderate-income homebuyers and finances the construction and preservation of affordable rental apartments. MassHousing has helped more than 108,000 low- and moderate-income families and individuals become homeowners.
MassHousing (The Massachusetts Housing Finance Agency) is an independent, quasi-public agency created in 1966 and charged with providing financing for affordable housing in Massachusetts. The Agency raises capital by selling bonds and lends the proceeds to low- and moderate-income homebuyers and homeowners, and to developers who build or preserve affordable and/or mixed-income rental housing. MassHousing does not use taxpayer dollars to sustain its operations, although it administers some publicly funded programs on behalf of the Commonwealth. Since its inception, MassHousing has provided more than $30 billion for affordable housing. For more information, follow us on Twitter, Facebook and LinkedIn.