Massachusetts Mortgage and Foreclosure Help

The Massachusetts Housing Home Saver Foreclosure Prevention Program

Almost $300 million in funding was provided to this mortgage foreclosure prevention program that was created to help families prevent a foreclosure. The program works by providing fixed-interest rate loans, at a competitive interest rate, as well as mortgage counseling services to struggling homeowners and sub-prime borrowers. Like many programs, there are some conditions that potential borrowers need to meet in order to receive this mortgage help. There are also income limits and caps. They must have a minimum credit score of between 560-620, depending on tier exact situation. And they must also have verifiable income and be able to afford the new payment amounts.

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