ONE Mortgage is the state's most affordable mortgage program for low- and moderate-income first-time homebuyers. ONE features low, fixed-rate financing and a state-backed reserve that relieves homebuyers from the cost of private mortgage insurance.
ONE Mortgage is offered by participating lenders in partnership with the Commonwealth of Massachusetts and local homeownership support organizations. ONE Mortgage is an effective way for lenders to reach more customers and better serve the needs of their communities.
ONE Mortgage is a new, simplified version of the highly-successful SoftSecond Loan Program, which from 1991 through 2013 helped over 17,000 families purchase their first home. The shift from SoftSecond's two-loan structure to ONE loan comes after several years of careful discussions with lenders, community groups and borrowers about how to maintain the program’s effectiveness while making it simpler for borrowers and easier for financial institutions to administer.
Use the navigation box on the left to learn more, or take one of the following steps:
- Are you a first-time homebuyer? If so, click here to learn about ONE Mortgage's features.
- Did you buy your first home with SoftSecond or ONE Mortgage? Click on the Homeowner Services link for post-purchase education opportunities or for more information about selling or refinancing your home.
- Are you a lender who wants to offer the ONE Mortgage Program? Click on Become a ONE Lender for more information and program guidelines.