Mortgage Products
& Resources

MHP Product

ONE Mortgage:

Offered by Massachusetts Housing Partnership (MHP) and designed specifically for low- and moderate-income first-time homebuyers,the  ONE Mortgage offers consumers the comfort of knowing their mortgage is financially sustainable. 

Product Features       

  • Discounted 30-year fixed interest rate. No points are charged to the homebuyer.
  • Low Down Payment - A minimum of 3% of the purchase price for a single-family property, condominium or two-family property. If purchasing a three-family property, the minimum down payment requirement is 5% of the purchase price.
  • No Private Mortgage Insurance (PMI)
  • Interest Subsidy - Income eligible buyers may also qualify for subsidized payment in the initial years of ownership.
  • Long-term Affordability - This unique blend of discounted, fixed-rate private financing and state support lowers a homebuyers monthly mortgage payment by about twenty percent.
  • Asset Building - There is no limit on appreciation with the ONE Mortgage Program.


To qualify for the ONE Mortgage, borrowers must:

  • Meet income and asset limit guidelines
  • Meet a minimum downpayment requirement (3% for condo, single-family or two-family property)
  • Be a first-time homebuyer
  • Meet credit and underwriting requirements
  • Property must be your primary residence through the term of the loan
  • Complete a homebuyer education course


For more information on the ONE Mortgage eligibility and MHP
please contact MHP toll-free at 800.752.7131 or click HERE to view their website.

View Participating Lenders of the ONE Mortgage