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Good news for homebuyers: People's United joins ONE Mortgage team

Posted on August 23, 2018

BOSTON --- The Massachusetts Housing Partnership (MHP) is proud to announce that People's United Bank has joined the team of more than 40 ONE Mortgage lenders across the state. 

"People's United is a great addition to our lineup of participating lenders who are dedicated to using ONE to help low- and moderate-income homebuyers realize the dream of homeownership," said Elliot Schmiedl, MHP's homeownership director. "We are particularly excited about People's participation because it will help us reach more borrowers in the central and western part of the state."

People's United has over 400 branch locations in six states. In Massachusetts, People's has branches in 36 communities. For a list of People's branch locations, click here

“People’s United Bank is happy to announce that we are launching the MHP ONE Program in conjunction with the Massachusetts Housing Partnership," said  Gonzalo Puigbo, vice-president and senior affordable lending manager at People's United. "MHP ONE is one of the premiere mortgage products for our affordable lending customers. This program will help us reach more low- and moderate-income borrowers.”

The addition of People's United boosts the number of participating ONE Mortgage lenders to 43. Here is the full list of ONE Mortgage lenders.

ABOUT ONE MORTGAGE: MHP’s ONE Mortgage Program is the state’s most affordable mortgage program. Created in 1990, it has helped over 20,000 low- and moderate-income families buy their first home. The average household income of a ONE Mortgage home buyer is $60,000. Key features include a down payment as little as three percent, low fixed-interest rate, no Private Mortgage Insurance, and financial assistance for eligible buyers.

ONE Mortgage recently redesigned its online calculator. The new version is easier to use, offers more information and works well on a desktop, tablet or phone. Check out the ONE Mortgage calculator.