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Community Home Loans

Strengthening our neighborhoods through homeownership

The communities we serve in Massachusetts and Rhode Island benefit when more people own homes and take pride in the area. BankFive is proud to work with MassHousing to offer housing assistance to qualified borrowers who would otherwise be denied a conventional mortgage. Together, we'll help you figure out which option is right for you, so you can realize your dreams of homeownership.

We'll help clear your path to buying a home:

  • Low- and no-down payment options available
  • Lower credit score thresholds
  • Secured by MassHousing

Community Home Loans
Buy Cities Loans MassHousing Loans
Backed By MassHousing MassHousing
Down Payment Requirement Low- and no-down payment options Low- and no-down payment options
Geographical Restrictions Attleboro, MA
Fall River, MA
New Bedford, MA
Taunton, MA
Massachusetts
Income Limits Up to $126,900, depending on county Up to $126,900, depending on county
Credit Requirements Minimum credit score of 660 Minimum credit score of 640
Property Types Single-family residences, condos, and 2-4 family homes Single-family residences, condos, and 2-4 family homes
Must Be Owner-Occupied Yes Yes
Mortgage Insurance Required Yes Yes
Special Requirements May not own more than one home upon closing May not own more than one home upon closing
Learn More

Apply Now
Learn More

Apply Now
Mortgage Resources
Find out how much home you can afford, review our homebuyer checklist, and check rates.