BankFive is proud to partner with MassHousing to serve our nation's veterans.
As a veteran, you and your family deserve an affordable mortgage option that's flexible to fit your needs. Our Home for the Brave Loan is structured to help you reach your homeownership goals with favorable terms so you can stay within your budget.
We help you settle into a new home:
- Available to veterans of the U.S. Armed Services, active-duty military, and spouses of soldiers, sailors, or marines killed while on active duty.
- Eligible owner-occupied properties range from single-family to 4-unit homes.
- Reduced down payments. Up to 97% financing available on single-family homes and condos, and up to 95% financing available for 2-, 3-, and 4-family homes.
- Closing cost assistance available through MassHousing grants.
- Disabled veterans can obtain grants from the Veterans Administration to make accessibility upgrades to the property they're purchasing.
Income and loan limits apply. Contact BankFive for details. To qualify for a Home for the Brave Mortgage, you must purchase a primary residence. You do not have to be a first-time homebuyer, but you may not own more than one home upon closing the loan. Must qualify; Have a total housing debt of less than 41% and a total monthly debt of less than 45%, if you are buying a 2-, 3-, or 4-family property; have two-months reserves; if you are a first-time homebuyer or are purchasing a multi-family home, complete a homebuyer counseling course.
Mortgage Resources
