MHM CONV is Conventional financing for a home purchase or limited cash-out refinance for households with incomes up to 135% of area median income (AMI).
MHM CONV carries Standard Level MI Coverage.
First-Time Homebuyers (FTHBs) may access Down Payment Assistance for properties statewide up to 100% of AMI, and properties located in Gateway Cities and the City of Boston up to 135% of AMI. Down Payment Assistance may be used for all eligible property types.
There are no MassHousing-specific origination documents. MHM CONV carries a Loan Level Price Adjustment “LLPA” based on property type.