UMassFive’s Gary Talbot Recognized by MassHousing Mortgage Program

Gary Talbot

HADLEY — UMassFive College Federal Credit Union is celebrating mortgage loan officer Gary Talbot’s recognition as a silver level MassHousing loan originator for FY 2025.

UMassFive became an approved MassHousing lender in 2023, and in his first year, Talbot was recognized at the Bronze Level. Advancing to Silver this year reflects not only his dedication to serving UMassFive members, but also the strong momentum of a program that is making a meaningful difference for homebuyers across Massachusetts.

MassHousing, an independent agency established in 1966, provides financing for affordable housing throughout the Commonwealth. Its programs offer valuable tools such as down payment assistance, affordable loan terms, and unique mortgage insurance. FY 2025 marked a record-breaking year for MassHousing, with 3,768 loans funded.

“Homeownership is a huge part of our members’ feeling of financial well-being,” Talbot said. “MassHousing has become my go-to option to recommend to members who qualify. It’s incredibly helpful for first-time buyers navigating what is often a tough market.”

While not everyone may be eligible for MassHousing loans, Talbot encourages anyone thinking about financing a home in Massachusetts to find out if they are eligible. “These benefits are more accessible than one might think,” he added.

The MassHousing program offers down payment assistance up to $30,000; loans with affordable rates, fixed for the life of the loan; and MIPlus, a unique mortgage insurance that includes job loss protection. MassHousing has already helped more than 90,000 Massachusetts residents buy a home in the Commonwealth.