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Operation Welcome Home

Are you a member of the National Guard or Reserves or active-duty military? MassHousing's Operation Welcome Home loan program can help you buy your first home!

Operation Welcome Home provides affordable mortgage financing as well as closing cost and down payment assistance to help members of the Reserves and National Guard, active-duty military, Veterans and Gold Star Families achieve the dream of homeownership.

All Operation Welcome Home loans feature

  • Affordable interest rates, fixed for the life of the loan
  • Flexible underwriting and income limits
  • Loan servicing by MassHousing. If you have a question, you’ll know who to call!

$2,500 Closing Cost Credit

Operation Welcome Home borrowers can now take advantage of a closing cost credit for up to $2,500. Mortgage closing costs are an often overlooked expense. This credit is in addition to MassHousing's Down Payment Assistance Program.

Down Payment Assistance

Operation Welcome Home borrowers can qualify for a down payment assistance loan for up to 5% of the purchase price or $15,000, whichever is less. Learn more about Down Payment Assistance from MassHousing!

Mortgage Insurance (MI) Options

MassHousing offers a number of MI options for Operation Welcome Home loans

  • MIPlus Mortgage Payment Protection helps repay your loan in case of deployment or unemployment.
  • Discounted MI premiums available to eligible borrowers
  • Monthly and single MI premiums available

Buying a home in need of repair?

An Operation Welcome Home loan may be used to finance the purchase and rehabilitation/repair of a home!


To qualify for an Operation Welcome Home loan, you must

  • Be an active duty military member; member of the Reserves or National Guard; Veteran who served honorably; or Gold Star Family member
  • Be a first-time homebuyer*
  • Purchase a 1- to 4-family property in Massachusetts (including condominiums)
  • Meet income limits, which vary by city or town

*You do not have to be a first-time homebuyer if you are purchasing a home in Boston, Chelsea, Cambridge, Everett, Fall River, Lawrence, Lynn, North Adams and Somerville.

Next Steps

To learn more about Operation Welcome Home, please contact MassHousing's HomeOwnership team at 888.843.6432 or homeownership@masshousing.com.

We can help you move toward a MassHousing loan

Thinking about applying for a home mortgage loan? Let us help. When you provide your information below, we’ll help you identify our lending partners that will be able to assist you with obtaining a MassHousing loan. We can also answer questions and send you our homebuying tips.

* Indicates mandatory field.

Quick Links

Interest Rates

MassHousing rates change daily. Please contact a participating lender for the current MassHousing interest rate.

Homebuying Tips

Subscribe to have helpful homebuying tips, news and information delivered directly to your inbox!

 Operation Welcome Home Links
Document  Governor Baker Announces New Home Mortgage Loan Program for Massa...
Web Link  Massachusetts Program Welcomes Veterans 'Home' (NECN)
Web Link  MassHousing Income Limits
Document  MassHousing Product Summary for Homebuyers
Document  Who Is MassHousing?

Still Have Questions?

Do you have questions about the homebuying process or about our products and programs for homebuyers? Ask Mircia, MassHousing's resident mortgage and homebuying expert!

TEL: 888.843.6432 | Email
Monday-Friday, 9 a.m. to 5 p.m.