ONE MORTGAGE (MA) - Need Help!

[Lucas Bernard]

I'm looking to purchase a multi family house hack soon, and I've heard all about this One Mortgage that's subsidized by Massachusetts through MHP. Long story short, I've gotten lots of different information from lenders and even MHP themselves. Has anyone gone through and done this process before? What is the maximum home price you can qualify for with the One Mortgage and the One+ option? 

Thanks in advance! :)

[George Post]

Thanks for the loop in @Sam Horton!

@Lucas Bernard How much of a home you can buy really mostly depends on YOU (DTI, job history/stability, credit score, etc.) like Sam mentioned. The County loan limits are certainly important, but for instance Boston's conforming loan limit on a three family is $1,123,900. Which might be more than you wanted to spend anyhow!

I personally do not provide the One Mortgage, so I cannot comment on exact guidelines. However, we certainly have SAVED a number of One Mortgage deals that a borrower was promised something that could not be delivered! Usually related to DTI issues! Always happy to chat it through

Best,








@Lucas Bernard@Lucas Bernard