Official Municipal Website of the City of Fall River, Massachusetts Buy Fall River - Official Municipal Website of the City of Fall River, Massachusetts

Buy Fall River is a financing solution for low- and moderate-income homebuyers purchasing properties in the City of Fall River. It offers low down-payment options and fixed-rate financing, and is a good choice for borrowers looking for a safe purchase option.

First Time Home Buyer Program

Benefits

One fixed monthly payment for the life of the loan
Mortgage insurance, when required, carries mortgage payment protection, so borrowers are covered if they are ever unemployed
After closing, your loan payment will be made to MassHousing, a customer oriented service provider

Features

Up to 100% financing with no cash required on single families and condos
97% financing – 2 family properties
95% financing – 3 and 4 family properties
Approved community second mortgages are allowed

Advantages

Competitive interest rates
Lower monthly payment with low mortgage insurance coverage requirement
Even lower monthly mortgage insurance costs for low-income borrowers
Safe, fixed-payment, solution for qualified borrowers

Fall River/New Bedford Housing Partnership Program

City of Fall River Community Development Agency, City of New Bedford Housing & Community Development, BankFive, BayCoast Bank, Bristol County Savings Bank, Catholic Social Services, First Citizens Federal Credit Union, Fall River Municipal Credit Union, MassHousing, Mechanic Cooperative Bank, NeighborWorks Southern Mass, NBCU, SouthCoast Federal Credit Union, SouthernMass Credit Union, Webster Bank, New Center for Legal Advocacy, Bristol Elders, Fannie Mae