|
St. Anne’s Credit Union is named one of the top 10 Massachusetts’ Lenders in 2023 by Banker & Tradesman with a full range of competitive solutions including:
- Fixed and Adjustable Rate Mortgages
- Land Purchase
- One-Step Construction Mortgage
- No Closing Cost Program
- Jumbo Mortgages
- First-time Homebuyer Programs
- MassHousing Loans
- Refinancing
|
Apply Now
|
Our mortgage specialists help our members through each step of the loan process, from improving credit scores, providing pre-qualification to closing and beyond – they are local, know the area and understand your needs and the entire process.
DOWN PAYMENT & closing cost assistance programs
St. Anne’s offers even more options to get you into the home of your dreams. As an approved MassHousing lender, we offer several first-time homebuyer programs. You may be eligible for down payment assistance* (DPA) of up to 10% of the home sales price or up to $30,000 in select communities and many other benefits such as closing cost assistance and MassHousing's Mortgage Payment Protection Program, MI Plus®! Other terms and conditions apply.
The Equity Builder Program** (EBP) provides grants to financial institutions to help local first-time homebuyers with down payments and closing costs as well as homebuyer counseling and rehabilitation assistance. Borrowers earning up to 80% of the area median income are eligible to receive up to $30,806 in assistance on a first-come, first-served basis.
Housing Our Workforce (HOW) Program** enables financial institutions to help local homebuyers earning more than 80% and up to 120% of the area median income with down payments and closing costs. Borrowers can receive 10% of the home sales price or up to $25,000 in assistance on a first-come, first-served basis.
Lift Up Homeownership Program** empowers people of color earning up to 120% of the area median income to be eligible to receive up to $50,000 in down payment and closing cost assistance on a first-come, first-served basis to purchase their first home.
For more information and eligibility requirements, or to obtain a free pre-qualification, please contact one of our mortgage specialists.
|
Mass Save® Heat Loan
Save money and energy with a 0% APR Mass Save Heat Loan from St. Anne’s Credit Union. Click here for complete details.
|
Free Annual Credit Report
Click here for your free annual credit report.
|
Funds will be awarded on a first-come, first-served basis and are not guaranteed. Subject to income and program eligibility. Participating homebuyers are required to complete a homebuyer counseling program prior to receiving a program grant.
*MassHousing provides down payment assistance in the form of a second mortgage loan. Option 1 DPA is an interest-free deferred payment second mortgage loan, which means that no payments are due until the property is sold, refinanced, or the first mortgage loan is paid off, at which time, the entire balance is due. Option 2 DPA is a 15-year amortizing second mortgage loan at a fixed 2% rate of interest (APR 2%), which means that the borrower makes monthly payments of principal and interest for 15 years on this second loan, in addition to the monthly payments on their first mortgage loan. Payment Amount Example: A DPA loan in the amount of $25,000 would have 180 payments of $160.88.
**Grants are provided by the Federal Home Loan Bank of Boston through their equity builder program. Interest would not accrue on the grant and the proceeds would only be due if the property is sold within the first five years of homeownership. May not be combined with any other type of down payment programs.
|
