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Home for the Brave

MassHousing's Home for the Brave program offers affordable, low-downpayment mortgage financing for veterans of the U.S. Armed Services. In conjunction, grants from the Veterans Administration are available to help disabled veterans make accessibility upgrades to properties they are interested in purchasing.

How to Apply

Home for the Brave loans are made through approved community banks and are made possible by MassHousing. To apply, contact a participating lender.

Who is Eligible?

Home for the Brave loans are available to

  • Veterans of the U.S. Armed Services
  • Active-duty military*
  • Spouses of soldiers, sailors or marines killed while on active duty

*Because the employment on which their qualification is based is their military service, active-duty military do not qualify for mortgage payment protection if called to serve overseas since neither employment nor salary would change.

Program Features

  • Up to 97% financing on single-family homes and condominiums; 95% financing on 2-, 3- and 4-family homes
  • Loans feature MI Plus, which covers principal and interest payments for up to six months in case of unemployment or deployment
  • Closing cost assistance is available through MassHousing grants

Income Limits

Income and loan limits apply. View income limits or contact a participating lender for details.

Other Restrictions

To qualify for a Home for the Brave mortgage, you must

  • Purchase a primary residence. You do not have to be a first-time home buyer, but you may not own more than one home upon closing the loan
  • Have good credit
  • Have a total housing debt of less than 41% and a total monthly debt of less than 45%
  • If you are buying a 2-, 3- or 4-family property, have two-months' reserves
  • If you are a first-time homebuyer or are purchasing a multi-family home, complete a homebuyer counseling course

Request More Information

Still have questions about MassHousing's products and services? Request more information.

Quick Links

First Mortgage Loans

Participating Lenders

Home for the Brave loans are originated by approved banks, credit unions and lenders across Massachusetts. Find a participating lender.

Interest Rates

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

Mortgage Insurance

For loans that require it, MassHousing offers several mortgage insurance options.

Request More Information

Still have questions about our products and services? Request more information.

 Home for the Brave Docs
Document  Income and Loan Limits for MassHousing Mortgage Loans
Document  A Home for the Brave Loan Program Brochure
Web Link  The Commonwealth Report

Still Have Questions?

A photo of MassHousing's Rich Petisce

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

TEL: 888.843.6432 | Email

Online Homebuyer Counseling

Learn about MassHousing's online homebuyer education course, The Road Home.