MassHousing’s Success. From inside the 2015, MassHousing helped more step 3,000 reasonable- and you may moderate-income parents buy otherwise re-finance property throughout the county. step 1 billion within the collection since , brand new delinquency speed for everybody out of MassHousing’s solitary-family home money is 3.2 percent. 55 Also inside foreclosures drama, MassHousing’s solitary-home financing delinquency rate was cuatro.4 per cent at the conclusion of fiscal 12 months 2011 in contrast to FHA’s 10.one percent delinquency price during the exact same several months. 56 Milewski attributes MassHousing’s reasonable default cost so you can avoiding unsustainable financial methods and the excesses of the property crisis. Especially, the guy cards one MassHousing’s fund are completely documented 31-season, fixed-rate funds to own manager-occupied land. Individuals putting lower than 10 percent off complete an effective rather thorough homebuyer counseling system, claims Milewski, which will help ready yourself him or her to possess running and you will remaining property. Read the rest of this entry »