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SoftSecond Guidelines

Who is eligible for a SoftSecond Loan?

The borrower must:
  • Be a first-time homebuyer (not have owned a home in the prior three years, with some exceptions)
  • Have completed a CHAPA approved pre-purchase homebuyer education course (post- within one year of closing) Click here for a list of CHAPA approved homebuyer education courses
  • Not exceed the SSLP income limits and asset test (see links below)
  • Use the property as their primary residence

SoftSecond Loan Program Resources:

Income Limits

Click here for a complete list of SoftSecond Income Limits by Community

Education Contacts

Click here for a list of Community Homebuyer Education Contacts.

Community List

Click here for a list of down-payment assistance programs and local community contacts.

Choose a link below for more information about SoftSecond Underwriting Guidelines:

  1. PDFSoftSecond Term Sheet
  2. PDFSoftSecond program guidelines
  3. PDFSteps to processing a SoftSecond Loan

Borrower Documents (used at closing)

  1. PDFDisclosure Statement
  2. PDFSecond Note
  3. PDFSecond Mortgage
  4. PDFSubsidy Agreement
  5. PDFSubsidy Note
  6. PDFSubsidy Mortgage
  7. PDFHomeSafe Counseling Requirement Letter
ArrowFor more information, email SoftSecond 617-330-9944 and ask for any of the following SoftSecond Program associates:
Virginia de Freitas Battersby - x292  |  Ashleigh DeSimone - x254  |  Ircania Valera - x255
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