The update includes enhancements to HomeReady that provide additional flexibility and expanded options to meet the homeownership
education requirement; accept homeownership education from a Community Seconds or Down Payment Assistance Program, if the
providers are HUD-approved counseling agencies; and provide an additional homeownership education option for borrowers who
obtain customized assistance from a HUD-approved agency and a completed Form 1017.
This lender letter provides you with specific information about changes to the MassHousing Mortgage Insurance Fund requirements
as well as updates to the Approved Mortgage Insurers and Related Identifiers and Approved Mortgage Insurance Forms lists.