OWH is Conventional financing for First-Time Homebuyers (FTHBs) with household incomes up to 135% of area median income (AMI). OWH is only available to active duty military, Veterans who served honorably, Reservists and National Guard, and Gold Star Family members.
This product carries Standard Level MI coverage. Down Payment Assistance is available for all borrowers and all eligible property types.
There are no Loan Level Price Adjustments, and MassHousing will provide up to a $2,500 closing cost credit.