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Massachusetts Home for the Brave Program
Link to the Home For The Brave Program
Home for the Brave Home Loan Program
MassHousing'sHome for the Brave program offers affordable, no-downpayment mortgage financing for veterans of the U.S. Armed Services. In conjunction, grants from the U.S. Department of Veterans Affairs are available to help disabled veterans make accessibility upgrades to properties they are interested in purchasing.
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
- all veterans of the U.S. Armed Services,
- Active-duty military*,
- Spouses of soldiers, sailors, airmen, 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.
Downpayment
No downpayment is required for single-family homes and condominiums.
Income Limits
Home for the Brave borrowers may earn up to 135% of the median income in the city/town in which they are buying a home (up to $111,240). View income limits
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 38% and a total monthly debt of less than 45%
- 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
View Home For the Brave Website
CONTACT
Boston Office
MassHousing, One Beacon Street, Boston, MA 02108-3110
Fax: 617-854-1091
TDD: 617-854-1025
Western Mass. Office
MassHousing, 59 Interstate Drive, West Springfield, MA 01089
Fax: 413-733-2045
TDD: 413-733-2103
Lender Websites
- Athol Savings Bank
- Avidia Bank
- BankFive
- Bay State Savings Bank
- Belmont Savings Bank
- hBridgewater Savings Bank
- Cambridge Savings Bank
- Cape Cod Five
- Clinton Savings Bank
- Country Bank for Savings
- North Easton Savings Bank
- Norwood Cooperative Bank
- PeoplesBank
- Randolph Savings Bank
- Crescent Credit Union
- Dedham Institution for Savings
- East Boston Savings Bank
- East Cambridge Savings Bank
- Fall River Municipal Credit Union
- Fidelity Cooperative Bank
- First Citizens Federal CU
- Georgetown Savings Bank
- Greenfield Co-Operative Bank
- HarborOne Bank
- Salem Five Mortgage Company, LLC.
- Spencer Savings Bank
- St. Mary's Credit Union
- StonehamBank
- Haverhill Bank
- Holyoke Credit Union
- Leominster Credit Union
- Meetinghouse Cooperative Bank
- Melrose Cooperative Bank
- Metro Credit Union
- Middlesex Savings Bank
- Milford Federal Savings and Loan
- Milford National Bank and Trust Company
- Monson Savings Bank
- Watertown Savings Bank
- Winter Hill Bank, FSB
- Beverly Cooperative Bank