Swift made the announcement at the home of James and Diane Tyler in Yarmouthport, who recently became the 100 th first-time homebuyers in Yarmouth to receive MHFA mortgage financing. MHFA Executive Director Steven Pierce, local officials and bank representatives joined Swift. This new program from MHFA will help people on the Cape and across the Commonwealth whom may have thought they could never afford to own their own home. Borrowers must meet income guidelines, and home prices cannot exceed MHFA s purchase price limits. These limits vary by region.
Ownership strengthens the family, our neighborhoods, the community and the economy.
We contacted 4 other conventional lenders but they never got back to us. Fleet and MHFA got right back to us and answered any questions that we had. MHFA, a state chartered agency, sells federally authorized tax-exempt bonds. In turn, banks and mortgage lenders around the state administer the loan programs on MHFA s behalf. Prospective homebuyers get help and guidance from community-based organizations that provide homebuyer counseling.