Homeownership Assistance Partner Programs

Offering you more ways to make homeownership possible—with affordable loan and assistance partnerships.

As your community bank, we understand that purchasing a home is one of the most important steps in building your future. That’s why we offer flexible mortgage solutions tailored to today’s homebuyers. Whether you’re buying your first home or returning to the market again, our dedicated team will guide you every step of the way. Through our collaborations with reputable assistance partners, Monson Savings Bank gives you expanded access to resources that make homeownership more attainable—from down payment and grant programs to specialized affordable lending options.

Key Features

Low Down Payment Options
Competitive Fixed Rates
Mortgage Insurance Options
Local Trusted Lender Support

MassHousing: Homeownership Assistance Programs

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Monson Savings Bank is proud to partner with MassHousing to provide affordable mortgage financing options to first-time and repeat homebuyers. MassHousing Home Loans offered through Monson Savings Bank are aimed at assisting our Massachusetts neighbors to achieve their dream of homeownership.

MassHousing Programs

Downpayment Assistance Program¹
MIPlus Borrower Protection Program²
Energy Saver Home Loan Program (ESHLP)
Septic Repair Loans
Home Improvement Loans

Features:

Down Payment Assistance for up to $30k for qualified income-eligible first-time homebuyers¹
Mortgage Insurance with expanded benefits to cover housing expenses in the event of job loss²
Affordable fixed interest rates with various repayment terms available
Flexible underwriting and income limits to support qualifying more MA families

¹Maximum income limits apply. First-time home buyer class and landlord counseling required, if applicable. FICO score minimum as low as 640. Each of the programs available have other restrictions that may apply. Contact us for more information.

²MI Plus™ borrower protection is included with MassHousing loans at no additional cost. MI Plus™ pays a borrower’s principal and interest for six months (up to $2,000/month) if they become unemployed.

FHLBank Boston: Homeownership Assistance Programs

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Monson Savings Bank is pleased to provide access to a variety of FHLBank Boston's homeownership and down payment assistance options designed to make buying and owning a home more accessible and affordable. We’re here to support you every step of the way and help you move forward on your path to homeownership with confidence.

Assistance Programs

Features:

Homebuyers Assistance & Support
Enhanced Down Payment Assistance
Closing Cost Assistance
Home Rehabilitation Assistance

Learn more

Programs are available for a limited time only. Funds will be awarded on a first-come, first-served basis. Federal assistance programs are subject to funds availability and are not guaranteed by Monson Savings Bank. Loans are subject to credit approval.

Meet Our Residential Lenders

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Our experienced, knowledgeable and friendly Residential Lenders are ready to help you meet your home financing goals.

Terry Poloski

Vice President
Mortgage Loan Officer

NMLS ID 23405

(413) 267-1232
Email Terry Poloski
Wil Morales

Assistant Vice President
Community Lending Officer

NMLS ID 1220692

(413) 267-1213
Email Wil Morales
Brett Charron

Mortgage Loan Originator

NMLS ID 2311085

(413) 267-1280
Email Brett Charron