Finance
A MassHousing loan is distinguished from a conventional loan primarily because:
AIt has higher interest rates than conventional loans
BIt is targeted at low-to-moderate income first-time buyers and may include down payment assistance✓ Correct
CIt requires a 20% down payment
DIt is only available for commercial properties
Explanation
MassHousing is Massachusetts's state housing finance agency that provides below-market mortgage programs for low-to-moderate income first-time homebuyers. Programs often include down payment assistance and MI Plus mortgage payment protection.
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