Operation Welcome Home for Veterans

You have served your country, now we hope this powerful mortgage product will serve you to make the dream of home-ownership a reality.

The Operation Welcome Home mortgage program supports veterans, active-duty military, members of the Reserves and National Guard, and Gold Star Families in achieving the dream of home ownership.

The program combines a traditional Mass Housing Mortgage loan with a deferred down payment and/or closing cost assistance loan.

Eligibility

To qualify for an Operation Welcome Home loan, you must

  • Be an active duty military member; Veteran who served honorably; member of the Reserves or National Guard; or a Gold Star Family member
  • Be a first time home buyer
  • Purchase a 1- to 3-family property in Massachusetts (including condominiums)
  • Meet income and loan limits

Program Features

  • Competitive, fixed interest rates with flexible credit and qualifying requirements
  • A deferred down payment or closing cost assistance loan option for eligible borrowers
  • Borrower or lender paid mortgage insurance options are available
  • Loans insured by MassHousing feature MIPlus™ Mortgage Payment Protection benefit, which helps repay your loan if you are deployed or lose your job, or for Reservists and National Guard Members called to active duty
  • Rehabilitation option is available
  • No Residual Income test used to qualify
  • Non-Spouse Co-Borrowers allowed
  • Projected Rental Income used to qualify
  • Payments are made directly to Mass-Housing in Boston
  • Condos follow Fannie Mae Guidelines, not FHA/VA

This program is a 97% loan at a 30 year fixed rate.  It has a second mortgage of 3% that is deferred and no payments are required.  This allows for 100% financing and has the No Mortgage Insurance option as well.

For more details about Operation Welcome Home call or email me anytime.

Bill Nickerson

Veterans Day: It isn’t Just a Holiday

veterans dayVeterans Day 2013                                                                  Honoring Those Who Served

Veterans Day gives Americans the opportunity to celebrate the bravery and sacrifice of all U.S. veterans. However, most Americans confuse this holiday with Memorial Day, reports the Department of Veterans Affairs.  What’s more, some Americans don’t know why we commemorate our Veterans on Nov.11. It’s imperative that all Americans know the history of Veterans Day so that we can honor our former service members properly.

As each year passes, we lose more men and women who remember and understand what it was like to be at war…fighting for their lives, for democracy and freedom. And unfortunately as time goes by, the younger generations become more and more removed from what Veterans Day is all about and why we recognize it. It is our job as to citizens of this great country to keep the meaning alive.

Please take a moment to tell your children and grandchildren why it’s important that we stop and remember.  Remind them that we are safe and free because of those who fought and died AND because of those who fought and lived.  While November 12th is a holiday for many, and that means sleeping in or shopping or hanging out with friends, it’s also a day of importance and reflection.  Even if you don’t attend a ceremony or observe the minute of silence, please just stop and take a moment to appreciate the freedoms we have and the sacrifices that have been made by our service members and  their families.

And when you get the chance, thank a veteran!

Happy Veterans day!  From Bill Nickerson

Bill@billnickerson.com      978-273-3227