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MassHousing, FHA, & VA Loans

At Monson Savings, we work hard to secure budget-friendly financing for our customers, through conventional lending or other means. That’s why we’ve partnered with a number of agencies that can help make that possible for more of our valued customers.

Speak to a helpful Monson Savings loan advisor to see if you qualify for a mortgage loan through one of our special financing programs.

Federal Housing Administration (FHA) Loans
  • Typically for first-time homebuyers or people with limited cash for a down payment and closing costs
  • Federally guaranteed, which can make home buying more affordable
  • May require a smaller down payment and may offer a lower interest rate than a comparable conventional loan
  • Flexible repayment terms
VA Loans
  • Helps qualifying members and former members of the U.S. Military purchase a primary residence
  • Federally guaranteed, which can make home buying more affordable
  • Fixed/level payment of principal and interest for the life of the loan
  • Flexible repayment terms
  • Monthly mortgage insurance not required
  • In some cases, no down payment requirement
MassHousing Loan
  • Helps homebuyers in the state of Massachusetts
  • Affordable interest rates, fixed for the life of the loan
  • Low down payment options
  • Flexible underwriting and income limits
  • Flexible repayment terms
  • Mortgage payment protection, which helps pay your loan in case you lose your job
  • No hidden fees or other surprises
  • Loans serviced by MassHousing 

Learn more about MassHousing loans.