Honored to serve
those who protect us

North Shore Bank, in association with MassHousing, is thrilled to offer “Operation Welcome Home” —  a mortgage program geared to veterans, active-duty military, members of the Reserves and National Guard, as well as Gold Star Families.
 

Features & Requirements

• Competitive fixed-rate  mortgage* with flexible credit and qualifying requirements
•  Down payment assistance for up to 3% of the purchase price or $12,000, whichever is less. Down payment assistance is a 15-year, fixed rate loan at 1%.  (Example: $10,000 down payment assistance loan equals 180 payments of $59.85; 1.015% APR)**  
• Repayment of the down payment assistance is also due upon sale or refinance of the property prior to the end of the 15-year term
• Up to 97% loan-to-value (LTV) first mortgage financing on single-family homes and condos with little or no borrower contribution required
• Up to 95% first mortgage financing on two-, and three- family homes with as little as 3% required from the borrower
• For buyers with less than 20% down, borrower or lender paid mortgage insurance options are available
• Loans that carry mortgage insurance will come with MIPlus™ Mortgage Payment Protection for eligible borrowers, a benefit that will pay your principal and interest (up to $2,000) for up to six months if you are deployed or lose your job or for Reservists and National Guard Members called to active duty
• Conventional loan limits up to $453,100 for a one-unit property and higher limits for two to three unit properties
• Borrower income limits as high as $139,590 in many cities and towns

 

* Your monthly  payment will vary based on the loan amount and the interest rate available at the time of application, and other factors. Subject to credit approval.

**Down Payment Assistance is available on single-family homes, condominiums and Planned Unit Developments