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Mortgage Insurance Fund (MIF)

MassHousing's Mortgage Insurance Fund (MIF) is a public mortgage insurer that provides financial guarantees on mortgages made to low- and moderate-income homebuyers.

The MIF is the primary insurer of MassHousing mortgage products, and is an approved insurer for Fannie Mae, Freddie Mac, and Massachusetts community lender loans.

Along with providing all of the lender coverage of traditional mortgage insurance, all eligible loans insured by the MIF include MIPlus™ Payment Protection Benefits, which cover an eligible homeowner's principal and interest payments for up to six months ($2,000/month) if they become unemployed and are collecting unemployment benefits during the policy's 10-year term. These added job loss protection benefits are offered at no additional cost to either the borrower or the lender.

The MIF also provides state regulated banks with additional product and program flexibility under Massachusetts affordable housing statutes (Ch167E, 2C MGL). MIF programs create a full range of affordable housing opportunities for qualified borrowers through our participating lenders and banks.

Become an MI Plus Approved Lender Today!

Have a Great MI Only Product?

Submit your MI Only program to MassHousing to see if its eligible to be an approved MIPlus loan product. Fill out the MI Only Program Template or email MIOperations@masshousing.com to see if your program is eligible for approval! We'll also add it in the dropdown on emasshousing.com for easy entry.

Have a question? Contact Us

If you have questions or would like more information about the MIF, please email us.

 MIF Income & Loan Limits
Document  MIPLUS Income Limits for Standard and Discounted Premiums
 MIF Rates & Refund Schedule
Document  Standard & Discounted MI Premium Rate Schedule
 MIF Underwriting Grids
Document  MI Only Underwriting Grid
 MIF Servicing Guidelines
Web Link  MIF Servicing Guidelines
 Condo Exposure List
Document  Condominium Projects: MassHousing Exposure Limits
 MIF Claim Form & Instructions
Document  MI Plus Mortgage Payment Protection Endorsement
Document  MIF Claim Form
Document  MIF Claim Form Instructions
Document  Mortgage Payment Protection Benefits Application
Document  Mortgage Payment Protection Borrower Disclosure and Claim Procedu...
 MI Product & Feature Brochures
Document  A Home for the Brave Loan Program Brochure
Document  MassHousing Mortgage—you choose the Mortgage Insurance (MI)
Document  MI Only: Features, Advantages and Benefits
Document  MIPlus Program Brochure
Community Page  Products (Home for the Brave)
Community Page  Products (MIF MI Only)
 Training Corner
Document  How to Order MI