MassHousing’s Accomplishments. In 2015, MassHousing aided more step three,000 lower- and reasonable-earnings family purchase or refinance a home throughout the state. 1 million within its profile at the time of , the latest delinquency rates for all from MassHousing’s single-home fund try step three.dos %. 55 Also into the foreclosures drama, MassHousing’s solitary-home financing delinquency price are 4.4 % at the end of fiscal season 2011 compared to FHA’s 10.1 percent delinquency price when you look at the same months. 56 Milewski characteristics MassHousing’s low standard prices to to stop unsustainable financial practices and the excesses of casing drama. Particularly, he notes one to MassHousing’s finance is actually fully documented 31-seasons, fixed-speed finance having owner-filled home. Borrowers putting below ten percent down over a great fairly extensive homebuyer guidance system, states Milewski, that helps prepare yourself them getting buying and remaining a house. MassHousing also offers depending solid relationship featuring its regional lenders and you may counseling organizations. Milewski cards that these teams have shown an union so you can green property and you may community reinvestment. 57

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