MassHousing’s Successes. Within the 2015, MassHousing assisted over step three,one hundred thousand reasonable- and you can moderate-money family purchase or refinance a property from the condition. step one mil in its collection as of , brand new delinquency speed for all out-of MassHousing’s single-family home funds is actually 3.2 per cent. 55 Also when you look at the property foreclosure crisis, MassHousing’s single-home mortgage delinquency rates are cuatro.4 per cent at the end of fiscal year 2011 in contrast to FHA’s ten.1 percent delinquency rate into the exact same months. 56 Milewski attributes MassHousing’s low standard cost to help you avoiding unsustainable home loan techniques additionally the excesses of your homes drama. Particularly, he notes one MassHousing’s financing was completely noted 30-year, fixed-speed finance to own proprietor-occupied land. Consumers putting below 10 % off over an excellent very extensive homebuyer guidance program, states Milewski, that helps prepare yourself her or him getting buying and staying property. MassHousing has also depending strong dating using its local loan providers and you may counseling agencies.
