No Mortgage Insurance Required
Keep more money in your pocket every month—no PMI required.
Affordable Home Loans with No Mortgage Insurance
Lower your monthly payment and buy with less upfront cost.
Buying a home can feel out of reach—but it doesn’t have to be.
Trusted by local homebuyers across Massachusetts, our MoveUp Home Loan Program is designed to make homeownership more affordable with lower monthly payments and reduced upfront costs.
Contact a Mortgage Loan Originator Today →
Closing Cost Credit for Primary Residence Purchases
Reduce what you need upfront with available closing cost credits.
Talk to a Real Local Loan Expert
Get clear answers and personalized options—no pressure.
How the MoveUp Home Loan Program Works
Whether you're buying your first home, moving to your next, or seeking cash-out options, our mortgage specialists guide you through clear qualification paths and loan solutions designed specifically for your financial situation.
1. Tell us about your goals
Share a few details so we can understand what your looking for
2. We review your eligibility
We will review your information and determine what you may be eligible for
3. Get personalized loan options
A loan expert will provide you with options tailored for you.
MoveUp Home Loan Program Benefits
Closing Cost Credit*
Available for primary residence purchases—receive a $2,500 credit at closing to reduce your upfront costs.
No Mortgage Insurance
Save on monthly payments—no mortgage insurance required on MoveUp Home Loans.
Flexible Property Options
Financing for 1-4 family primary residences and investment properties in eligible Massachusetts counties.
Income-Based Eligibility
Qualify if the property is in a Low or Moderate Income Tract, a Majority Minority Census Tract, or if your income is ≤80% of Area Median Family Income per FFIEC.gov.
Purchase & Refinance Available
Choose from purchase or refinance options, including cash-out refinancing for primary or investment properties.
Personalized Guidance
Our Mortgage Loan Originators will help you understand eligibility and select the right MoveUp Home Loan product for your needs.
Ready to Move Up to Homeownership?
Create an account on our secure Home Loan Borrower Portal to begin your MoveUp Home Loan application. You can save your progress at any time and upload required documents securely - all in one convenient place.
MoveUp Home Loans: Frequently Asked Questions
What is the MoveUp Home Loan Program?
The MoveUp Home Loans Program is a specialized mortgage solution designed for low or moderate income (LMI) families, individuals, and properties located in LMI or Majority Minority Census Tracts in Massachusetts, Rhode Island, and New Hampshire. It offers a $2,500 closing cost credit, no mortgage insurance, and flexible options for primary residences and investment properties.
How do I know if I am eligible for the MoveUp program?
You may qualify if: (1) your property is in a Low or Moderate Income Census Tract in Massachusetts, Rhode Island, or New Hampshire, (2) your property is in a Majority Minority Census Tract in these counties, OR (3) your qualifying income is 80% or less of the Average Median Family Income for your property location per the FFIEC.gov. A minimum FICO score of 660 is required.
What documents do I need to apply?
You'll need a completed mortgage applications, proof of income, and proof of assets.
What makes the MoveUp program different from other mortgages?
The MoveUp program offers a closing cost credit exclusively for primary residence purchases, no mortgage insurance requirement, and eligibility for both 1-4 family primary residences and investment properties. These benefits help make homeownership more affordable and accessible.
Can I use MoveUp for a refinance?
Yes. The MoveUp program is available for both purchase transactions and refinances. Whether you're buying your first home, moving to your next property, or seeking cash-out refinancing, we have options to support your goals.
How do I check if my property is in an eligible census tract?
Visit ffiec.gov to access the most recent U.S. Census Data and determine if your property is located in a qualifying Low to Moderate Income Census Tract or Majority Minority Census Tract. Our Mortgage Loan Originators can also help verify eligibility during your consultation.
Can I speak with someone about my specific situation?
Absolutely. Contact one of our experienced Mortgage Loan Originators to discuss your situation, verify your eligibility, and find the right home loan product for your needs. You may contact them at (888) 203-2446 or fill out the above form and an expert will reach out to you directly.
*MoveUp Home Loans are available for qualified borrowers with a minimum FICO score of 640. Closing Cost Credit applies exclusively to primary residence purchase transactions under the MoveUp Home Loans Program. No mortgage insurance is required. Property must be located in a qualifying Low-to-Moderate Income Census Tract or Majority Minority Census Tract in Barnstable, Bristol, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester counties, as determined by the most recent U.S. Census Data (ffiec.gov), or the member’s qualifying income must be less than or equal to 80% of the Area Median Family Income for the property location.
APR = Annual Percentage Rate. All rates are subject to change without notice and are based on credit approval. Rates may vary based on other scenarios.
Example payment information is based on a loan amount of $820,000, 80% loan-to-value, 1-unit primary residence, purchase transaction with a 60-day rate lock. Estimated monthly principal and interest payment is $5,048.88. Payment amounts listed do not include property taxes, homeowner’s insurance, or HOA fees where applicable. Your actual payments may be higher.
First-time homebuyer and/or landlord counseling may be required depending on eligibility. Investment property loans are subject to additional qualification requirements. Consult a tax advisor regarding the deductibility of mortgage interest for your specific situation.
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