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Farmingdale, ME FHA Loans in Maine

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer Farmingdale, ME residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

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Farmingdale, Maine News
Curtis Island latest in lighthouse series

FARMINGDALE : Maine graphic artist Alan Claude has released two of his latest lighthouse travel art posters, a oeCurtis Island Lighta and a oeCape Elizabeth Light.a The posters are part of his Maine Lighthouse ...


Volunteers avert fire while getting out the vote:

"Leave it to democrats to take credit for something they had little to do with. You want to impress.


The "Art" of Saving Lighthouses, More than the Luck of the Draw...

By Julia Friese It has been a fairly common sight this summer in the lobby of the Maine Lighthouse Museum to find people stopped in their tracks, eyes fixed in a gaze, exclaiming simply, 'That's gorgeous!' Alan ...


Monmouth will stage Gilbert & Sullivan classic

The Theater At Monmouth will once again bring the wry comedy and joyous music of Gilbert and Sullivan to the Cumston Hall stage with its production of "The Mikado." The comic classic will run Sept.


Hall Sentenced to Prison

A Maine man who had sex with a 13-year-old girl after meeting her on the Internet is going to prison.


Wiscasset Raceway

Johnny Clark Celebrates Johnny Clark celebrates his victory in the New England Toyota Tundra 250 at the Wiscsset Raceway.


When voters control the public funds

In addition to their water views, Cape Elizabeth, Lamoine, Sabattus and Monmouth have something in common these days.


Maine governor issues wood warning

More Mainers are turning to the old standby - firewood - as prices for oil and other winter heating fuels soar.


Governor honors Maine veterans

AUGUSTA : Gov. John Baldacci honored Merrill Worcester of Worcester Wreath in Harrington and nearly two dozen World War II veterans - including a Thomaston resident - at a Statehouse ceremony on Friday.


American Red Cross Needs Donors

With the Independence Day holiday week upon us, the Northern New England Region of the American Red Cross is calling for blood.


Hi-Hat Pancake House - Farmingdale, ME

"Passed by on the New England Ice Cream Tour, the Hi-Hat's aging neon sign and drive-in stalls beckoned us back for a visit.


Consolidation Success For Two Districts; The Rest a Long Way Off

Only two districts have officially reorganized since the state's school consolidation law was passed, with most communities pushing off until November, or more likely January, the local votes that will show ...


Commissioner, Planning Committee Celebrate First Voter-Approved Regional School Unit

HALLOWELL – Education Commissioner Susan A. Gendron congratulated the people who helped create the first regional school unit to be approved by voters under the state's new reorganization law at a press ...


Five Towns Create One Regional School Unit

Five towns south of Augusta joined forces to create what will be called a Regional School Unit.


Benoit beats Rines in Senate District 21

Former state Rep. Sharon Benoit of Monmouth defeated former Gardiner Mayor Brian Rines of Gardiner by about 300 votes in Tuesday's Democratic primary in state Senate District 21.


5 communities vote to merge school districts

Five communities on Tuesday voted overwhelmingly to merge their school districts into a consolidated school district known as Kennebec Intra-District Schools or KIDS.


Maine Parties Unite To Help Guerrette Family

Maine's political parties don't agree on a lot, but they're united in a push to help a father and daughter who were brutally attacked in their homes last month.


Maine Restaurant Association Presents Culinary Scholarships to Eight...

Augusta, ME - Dick Grotton, President and CEO of the Maine Restaurant Association , announced today that culinary scholarships have been awarded to eight deserving Maine students in the fields of culinary arts ...


Rines: 'I'm the stronger underdog'

Brian Rines, who was mayor of Gardiner for 14 years, wants to give it a second try against Sen.


Turnouts Low For Maine School Budget Votes

Voting season is under way in Maine, but few people seem to have taken notice. Under a new state law, voters are going to the polls this spring to cast ballots on their local school budgets. via WMTW-TV Auburn


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