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Are there any prepayment penalties charged for MassHousing loans?

April 26, 2017charged Loans masshousing penalties prepayment

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Are there any prepayment penalties charged for MassHousing loans?

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There are no penalties for prepaying a MassHousing loan. In rare cases, a federal recapture tax may be due if you sell the house within nine years of purchase, and you make a large profit on the sale. If recapture tax is levied, MassHousing will reimburse you for the full amount.