Massachusetts at a glance for borrowers
- Massachusetts taxes wage income, which matters when tax returns are used to qualify; bank statement and DSCR loans sidestep that.
- Major markets we see: Boston, Worcester, Springfield, Cambridge, Lowell, Brockton, Quincy, Lynn, New Bedford, Fall River, Newton, Lawrence, Somerville, Framingham, Haverhill, Malden, Waltham, Brookline, Revere, Plymouth, Medford, Taunton, Weymouth, Chicopee, Peabody, Methuen.
Investor loans in Massachusetts
DSCR Loans in Massachusetts
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorDSCR Cash-Out Refinance in Massachusetts
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorFix and Flip Loans in Massachusetts
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorShort-Term Rental (Airbnb) DSCR Loans in Massachusetts
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
InvestorBridge Loans in Massachusetts
A bridge loan is short-term (usually 6–24 months) investor financing secured by real estate that “bridges” you from a purchase to a sale or long-term refinance.
InvestorHard Money Loans in Massachusetts
A hard money loan is a short-term investment-property loan from a private lender that approves mainly on the property’s value and the deal, not your income or credit history.
InvestorGround-Up Construction Loans in Massachusetts
An investor construction loan funds land (or a land payoff) and vertical construction of a new 1–4 unit home in draws, then is repaid by sale or a permanent refinance.
InvestorForeign National Loans in Massachusetts
A foreign national loan lets a non-US citizen who does not live in the US finance a US investment property or second home without a US credit history or Social Security number.
InvestorMultifamily Loans (5+ Units) in Massachusetts
A multifamily loan finances apartment buildings with five or more units and is underwritten as a commercial loan on the property’s net operating income (NOI).
Investor1031 Exchange Loans in Massachusetts
A 1031 exchange loan finances the replacement property in a like-kind exchange, where investors defer capital gains tax by reinvesting sale proceeds into another investment property.
Home loans in Massachusetts
Bank Statement Loans in Massachusetts
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in Massachusetts
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanVA Loans in Massachusetts
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanConventional Loans in Massachusetts
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Home loanFirst-Time Homebuyer Loans in Massachusetts
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanCash-Out Refinance in Massachusetts
A cash-out refinance replaces your current mortgage with a larger one and pays you the difference in cash, commonly up to 80% of your home’s value on a primary residence.
Home loanJumbo Loans in Massachusetts
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.
Home loanUSDA Loans in Massachusetts
A USDA loan is a mortgage guaranteed by the U.S.
Home loanFHA 203(k) Renovation Loans in Massachusetts
An FHA 203(k) loan finances both the purchase (or refinance) of a home and the cost of repairing it in a single FHA-insured mortgage, with as little as 3.5% down.
Home loanCondo Loans in Massachusetts
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Home loanSecond Home Loans in Massachusetts
A second home loan finances a vacation or part-time residence you occupy for some of the year, often with as little as 10% down on a conventional loan.
Cities
- Boston, MA
- Worcester, MA
- Springfield, MA
- Cambridge, MA
- Lowell, MA
- Brockton, MA
- Quincy, MA
- Lynn, MA
- New Bedford, MA
- Fall River, MA
- Newton, MA
- Lawrence, MA
- Somerville, MA
- Framingham, MA
- Haverhill, MA
- Malden, MA
- Waltham, MA
- Brookline, MA
- Revere, MA
- Plymouth, MA
- Medford, MA
- Taunton, MA
- Weymouth, MA
- Chicopee, MA
- Peabody, MA
- Methuen, MA
Costs & taxes in Massachusetts
FAQ
Do you offer mortgages in Massachusetts?
Yes. We arrange both investor loans and owner-occupied home loans for Massachusetts properties. Our licensed states are growing, submit your scenario and we will confirm the licensed loan officer for your state.
Can out-of-state investors buy rentals in Massachusetts?
Yes. DSCR and fix and flip loans are based on the property, so you do not need to live in Massachusetts.