Massachusetts FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Massachusetts borrowers the opportunity to secure MA home loans, when they don't quality for other conventional loans. For example, future Massachusetts homeowners with little credit history or poor credit history are sometimes able to qualify for Massachusetts FHA loans.

Massachusetts FHA Loans for First Time Homeowners

MA FHA loans are ideal for first-time Massachusetts homeowners due to low down-payment requirements and flexible qualifying guidelines.

Refinancing with FHA Loans in Massachusetts

FHA also offers a refinancing option for Massachusetts homeowners where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.

FHA Loan Requirements - Massachusetts

  1. No income limit
  2. Massachusetts borrower credit score flexibility
  3. 3.5% down payment on Massachusetts Purchase Loans
  4. Bankruptcy: MA FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
  5. Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)

Massachusetts (MA) FHA Loan Limits

FHA loan limits in Massachusetts vary based on a number of criteria including the specific. location (county), number of units in the property (up to 4-unit properties in Massachusetts), etc. Please contact Home Point Financial's Massachusetts FHA loan experts for details on loan limits for FHA loans in Massachusetts (MA).

Apply online or contact Home Point Financial to learn more about Massachusetts home loans.