Get Started!

It takes less than 30 seconds to move toward homeownership. And it is free. Let us help you.

Massachusetts Housing Partnership



Find out why thousands of families
in Massachusetts have purchased
their first home with a SoftSecond loan

Are you a first-time homebuyer looking for a safe, secure fixed-rate mortgage? If so, then you check out the many advantages of buying your first home with a SoftSecond loan:

Low fixed interest rates: Participating lenders offer SoftSecond rates fixed for 30 years and ranging from 0.25 percent to as much as 0.5 percent below market rate.

Low down payment: The minimum down payment for a SoftSecond loan is three percent of the purchase price. Some of the down payment can be a gift or grant.

No PMI: Borrowers who qualify for a SoftSecond loan are not required to pay Private Mortgage Insurance – a savings of approximately $125 to $250 per month.

No Points: “Points” are fees that banks ask buyers to pay when they buy a home. One point equals one percent of the loan. Banks do not charge points for SoftSecond loans which could save you between $3,000 and $7,000 at closing.

Subsidy available for qualified borrowers: Some SoftSecond buyers qualify for a zero percent interest subsidy payment from MHP. The subsidy payment may cover up to 75 percent of the interest-only payment on the second mortgage.

Homebuyer support: SoftSecond provides access to pre-purchase and post-purchase educational courses and homeowner counseling designed to help homebuyers purchase their home and keep up with payments.

Proven track record: Since 1991, SoftSecond has helped over 15,000 families buy their first home and has leveraged over $2.3 billion in private mortgage financing, while maintaining delinquency and foreclosure rate that are at or below those of all prime mortgages made in Massachusetts.

For more information, email SoftSecond or call 1-800-752-7131.