Everyone deserves a chance at home buying, and Harvard FCU is proud to partner with MassHousing to help you on your journey.
MassHousing is an independent agency that provides affordable housing financing in Massachusetts. Through bonds, they lend to low- and moderate-income homebuyers, homeowners, and developers of affordable housing. Since 1966, MassHousing has helped fund over $29 billion in affordable housing, without using taxpayer dollars.
First-time homebuyers can follow these steps to owning a home in Massachusetts.
Down payment assistance, affordable mortgage loans and more!
A MassHousing Mortgage has some basic eligibility requirements. See if a MassHousing Mortgage might be right for you.
Complete a MassHousing-approved homebuyer education class.
Home Buying Process
Step 1: Know Your Credit Score
Your credit score matters—lenders check it before approving a mortgage. Harvard FCU members get free access to scores, reports, and tips with Savvy Money.
Step 2: Create a Budget
A solid down payment is key. Don’t forget closing costs, pre-paid expenses, and reserves. Try out our Home Loan Calculator!
If you’re looking for the best student banking experience, the Harvard FCU College Life Account is the best choice for your undergraduate education and beyond.
Step 3: Consult the Experts
It’s never too early to meet with a home financing expert. Get guidance, estimate your budget, and explore options like Mass Housing—no membership needed.
Step 4: Start Looking!
Time for the fun part—house hunting! List your must-haves and deal-breakers early to focus on the right homes.
Additional Resources
Home Buying Forum
Free Webinar Series
Affordable Path To Home Ownership
Webinar in partnership with MassHousing
MassHousing Loans
Mortgage Loans, Down Payment Assistance & Homebuyer Benefits