Become a SoftSecond Lender

The SoftSecond Loan Program has been hailed as one of Massachusetts's most affordable mortgage programs for low-to moderate-income first-time homebuyers. Created in 1990 by MHP, the Massachusetts Bankers Association, community organizations and state housing officials, the SoftSecond Loan Program has helped over 15,000 families achieve the dream of homeownership.

Why become a SoftSecond lender?

• Participating lenders can satisfy obligations under the state and federal Community Reinvestment Act (CRA) by lending under the SoftSecond Loan Program.
• SoftSecond funding is available in every community in the Commonwealth. Participating lenders can help address homeownership concerns in underserved neighborhoods with the SoftSecond Loan Program.
• SoftSecond's loan performance has remained strong, even in light of the economic downturn. SoftSecond delinquency statistics remain consistently lower than all mortgages made in Massachusetts.

To Become an Approved SoftSecond Lender:

• Complete and return a signed version of each of the three SoftSecond Loan Program Lender Agreements below.
• Online Agreement
• Loan Loss Reserve
• New Lender Agreement
• Schedule a SoftSecond Training for all applicable loan officers, processors, underwriters, and administrators who will be working on the SoftSecond product. MHP staff will coordinate with the bank to schedule a convenient training time.
• Service the Second Mortgage, and any applicable monthly interest subsidy credit the SoftSecond borrower is eligible to receive.

If you have questions about participating in the SoftSecond Loan Program, or to learn more about becoming an authorized lender, email or call Kelly Maloy at 617-330-9944 x241