The Rossy family is happily settled into their new home in Springfield, Massachusetts, thanks to help from an innovative loan program created by MassHousing.
Jose and Vicmarie Rossy didn’t have enough money for a down payment and MassHousing’s First-Time Homebuyer Tax Credit Loan was the perfect remedy. Used with a MassHousing first mortgage, the Tax Credit Loan allowed the Rossys to borrow up to $8,000 in advance of their federal tax credit to use for down payment and closing costs.
“If I didn’t have the Tax Credit Loan, I would not be a homeowner,’’ said Jose Rossy. “It made the difference for us.”
They purchased their home three months ago and couldn’t be happier considering their experience as renters.
“We lived in an apartment building that was noisy and disruptive," said Jose. “It was not a great place for us with a young child. The best thing about our new home is the peace and quiet.’’
Little Victor has also enjoyed the move.
“He has his own room, and a yard to play in," said Jose. “He loves it."
Jose says paying a mortgage is far more satisfying than paying rent every month. “It’s a great feeling every month to be sending a mortgage payment instead of a rent check. We are very, very happy with where we are,’’ he said.
To learn more about MassHousing, please visit their website.
For more information on Housing Bonds, see our advocacy page.
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