Massachusetts Mortgage Laws

 

Community Property

Right of Rescission

Attorney State

Maximum Number of Points

Table Funding

Individual Loan Officer Licensing

Physical Location Required

 No

 

Yes

 Yes

 

 

 Yes

 No

Flipping Allowed

Negative Amortization Loans Allowed

Prepayment Penalty Maximums

Maximum Debt to Income

Stated Income Loans Allowed

Wet State

 

 Yes

 

 No

 Banned

 50%

 

 

 

 

 

Bankapedia’s Take: 


 

 

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