Conforming home mortgage rates in Massachusetts are the most popular type of mortgages rates you can find advertised for home buyers in Massachusetts. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Massachusetts mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae.
Unfortunately your request does not meet the guidelines for FHA (loan limit $625,000 for single family home) or Conventional loan where 5% down payment can get you qualified. Above that limit your loan would be qualified as a Jumbo loan and would require 10% minimum down payment. I would be delighted to provide you with some mortgage options, (this does not require us pulling your credit) that will allow you to make the best decision for your family. I can be contacted via my profile information for a no obligation consultation. My Office hours are 08:00 AM-08:00 PM Mon-Fri and Fri and Sat 08:00 AM-06:00 PM CST.
Capital One Bank
Phone (469) 315-1709