Massachusetts Housing Partnership One Mortgage

[David Bellmont]

Having started my search for my first real estate property, I am looking to take advantage of some of the great first-time home buyers programs. The Massachusetts Housing Partnership has one such option, the ONE Mortgage. Which allows first-time home buyers the benefits of:

-3% down for Single Family Homes, Condos, and Duplexes / 5% down for three family properties

-A Low Fixed Interest Rate

-No Private Mortgage Insurance

-And for those who qualify they will even subsidize a portion of your mortgage payment for the first 7 years of the loan.

I am curious to know if anyone out there from the BP community has any experience with this loan option, or of any other similar options?

Thanks,

Dave