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Jonesboro, 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 Jonesboro, 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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Jonesboro, Maine News
Dairy business gets family's goat Dairy business gets family's goat Jonesboro farm's cheese, smoothies garnering local, national attention Located in Jonesboro, the Roos family's Gardenside Goat Dairy specializes in products made from fresh ...
Maine biomass power plants selling to N.J. firm Covanta New Jersey-based alternative energy site development firm Covanta Holding Corp. has agreed to pay $87 million for two biomass energy facilities in Maine.
Wet summer weather boosts Maine's wild blueberry crop Joe Garity of Harrington and friend Tom Flaherty of Harrington rake blueberries on the embankment outside the fence of the University of Maine's Bluberry Hill Farm, a state agricultural and forest experiment ...
UMaine projects good blueberry crop for state ORONO : Following last week's annual summer meeting and wild blueberry field day held at the University of Maine's Blueberry Hill Farm and research station in Jonesboro, Maine's blueberry growers are cautiously ...
Area police blotter Someone on May 28 entered a Hillary Drive residence in Hickory Hills, Foster Township, and stole a handgun, a large amount of quarter sticks and cigarettes.

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.