For Immediate Release

Contact:
Peter Roveto
Brookline Bank
617-730-3500

BOSTON, MA (February 25, 2025) – Brookline Bank announced today that it is participating in the full suite of Massachusetts Housing Partnership (MHP) programs, including the MHP ONE+ Mortgage and MHP ONE+Boston first-time homebuyers programs. These programs will provide first-time homebuyers with an array of valuable benefits, enhancing their path to homeownership.

The MHP ONE+ Mortgage program provides Massachusetts residents with the reassurance of a financially sustainable mortgage. Key features of this program include a low fixed interest rate, down payments as low as 3%, and no or greatly subsidized Private Mortgage Insurance (PMI). Additionally, the ONE+ Mortgage program offers financial assistance for eligible buyers, making it a smart investment in their future.

The MHP ONE+Boston program, for residents of Boston, combines City of Boston funds with the affordability of the MHP ONE+ Mortgage to boost the purchasing power of income-eligible, first-time homebuyers. This program offers significant benefits, including deeply discounted, fixed 30-year interest rates, and enhanced down payment assistance. Furthermore, the MHP ONE+Boston program eliminates Private Mortgage Insurance (PMI) and provides additional financial support for eligible buyers. Financial assistance for the MHP ONE+Boston program is provided by the City of Boston, Mayor’s Office of Housing, Michelle Wu, Mayor. Visit the Boston Home Center website for more information.

“Brookline Bank can now help more first-time homebuyers with our participation in the MHP ONE+ Mortgage and MHP ONE+Boston programs. Owning your first home is a goal of many but also out of reach because of the lack of affordable housing and access to capital. These two programs are for those who have been trying to buy their first homes but have not been able to because of financial barriers. We are here to help them bring their dreams to reality,” said John K. Ferguson, Brookline Bank SVP, Mortgage Banking Leader.

“The struggle for first-time homebuyers is real, especially in the current economic environment with low inventory and high prices that cause a lack of affordable housing in Massachusetts. Brookline Bank’s participation in the MHP ONE+ Mortgage and MHP ONE+Boston programs will help income-qualified buyers move forward with their goals of owning their own home and securing their economic future,” said Jane Adler, Brookline Bank SVP, Community Reinvestment Act Officer.

First-time homebuyers who are interested in the MHP ONE+ Mortgage and MHP ONE+Boston programs may contact Brookline Bank at 877-668-2265 or visit brooklinebank.com/mortgages for more information.

About Brookline Bank
Brookline Bank is a subsidiary of Brookline Bancorp, Inc. (NASDAQ: BRKL), and is headquartered in Brookline, Massachusetts. A full-service financial institution, Brookline Bank provides individuals and businesses with deposit and lending services, residential mortgages and home equity lending, commercial and CRE banking, cash management and foreign exchange services, and access to investment and wealth management services. Brookline Bank has convenient locations across Greater Boston and the North Shore. For more information go to brooklinebank.com. Brookline Bank is an Equal Opportunity and Equal Housing Lender. Member FDIC.

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