Veterans Financing Options

How to Apply

Home for the Brave loans are made through approved community banks and are made possible by MassHousing. To apply, contact a participating lender.

Who is Eligible?

Home for the Brave loans are available to

• Veterans of the U.S. Armed Services
• Active-duty military*
• Spouses of soldiers, sailors or marines killed while on active duty

*Because the employment on which their qualification is based is their military service, active-duty military do not qualify for mortgage payment protection if called to serve overseas since neither employment nor salary would change.

Program Features

• No downpayment required
• Loans feature MI Plus, which covers principal and interest payments for up to six months in case of unemployment or deployment
• Closing cost assistance is available through MassHousing grants

Downpayment

No downpayment is required for single-family homes and condominiums.

Income Limits

Income and loan limits apply. View income limits or contact a participating lender for details.

Other Restrictions

To qualify for a Home for the Brave mortgage, you must

• Purchase a primary residence. You do not have to be a first-time home buyer, but you may not own more than one home upon closing the loan
• Have good credit
• Have a total housing debt of less than 45% and a total monthly debt of less than 41%
• If you are buying a 2-, 3- or 4-family property, have two-months' reserves
• If you are seeking 100% financing, complete a home buyer counseling course

Request More Information

Still have questions about MassHousing's products and services? Request more information.