Borrower Disbursements by ACH
Effective 1 August 2018, all disbursements payable to our Borrowers—from Replacement Reserves, Collateral Accounts or similar borrower funds held at MassHousing—will be paid by ACH. Paper checks will no longer be issued.
The benefits to you, our Borrower, are tremendous: ACH disbursements are processed quickly, on an almost daily basis; there's greater safety and security—no lost or delayed in the mail checks! Please contact your MassHousing Loan Servicing Analyst today to set-up your bank account with us for ACH!