What is the ONE Mortgage program?

The ONE Mortgage affordable homeownership lending program is offered through Massachusetts Housing Partnership (MHP). MHP partners with banks and credit unions all over Massachusetts to offer the state’s most affordable program for first-time buyers. The ONE Mortgage program was developed in 1990 by the Massachusetts Housing Partnership (MHP) in collaboration with the Massachusetts Bankers Association, MAHA, the City of Boston, and the state of Massachusetts.

The ONE Mortgage offers first time homebuyers the comfort of knowing their mortgage is financially sustainable. Benefits to ONE Mortgage include:

  • Down payment as low as 3% of purchase price
  • Low, fixed interest rate
  • No Private Mortgage Insurance (PMI)
  • Financial assistance for eligible buyers

Who qualifies for a ONE Mortgage?

The ONE Mortgage Program is available to first-time homebuyers. A first-time homebuyer is defined as someone who has not owned a home at any point in the three years before applying for a ONE Mortgage. The home being purchased must be used as the borrower’s primary residence throughout the lifetime of the loan. Options are available for the purchase of two- and three-family properties.

Income qualifications and program guidelines apply. Income limits are determined by Housing and Urban Development (HUD) based on Median Family Income estimates and Fair Market Rent area definitions for each metropolitan area, parts of some metropolitan areas, and each non-metropolitan county.

After participating in a homeowner education class, borrowers work with a program lender to be pre-qualified for the ONE Mortgage Program and complete the process of buying a home. Credit and underwriting requirements of the lender apply.


For more information about the ONE Program visit www.enterprisebanking.com/onemortgage.

For information about other mortgage programs offered by Enterprise Bank, visit https://www.enterprisebanking.com/personal/loans/mortgage or contact The Mortgage Center at Enterprise Bank at 877-671-2265.


Enterprise Bank and Massachusetts Housing Partnership (MHP) are separate and unaffiliated entities.

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