Updated over 3 years ago on .
Masshousing loan approval guidelines
Does anyone have information regarding mass housing loans? I was scheduled to close on a house 9/15/2022 with a conventional loan and a secondary down payment assistance loan which I intended to use to buy down the rate. I was told that the smaller $30K loan was approved for a first mortgage however since it was submitted after my conventional mortgage the mortgage broker was unable to get it approved as a second mortgage. Now I have passed my financial contingency deadline, paid down my rate ( for another $20,000), and can not use the $30K secondary loan as anticipated. Any creative solutions to this problem?