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MHM CONV: MassHousing Mortgage Conventional

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.

 MassHousing Loan Docs
Document  Form #L-101MHM: Income and Loan Limits for MassHousing Mortgage C...