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Manchester, 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 Manchester, 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.
Return to fha loans in the state of ME
| Manchester, Maine News |
freaks on film
"Freaky Farley" is a cult movie in search of a cult. It's a movie for the future - not so much because it's revolutionary or groundbreaking , but because it was made with an eye toward midnight movie fans and ...
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Chamber of commerce leader accepts position in Gloucester
ROCKLAND : When Penobscot Bay Regional Chamber of Commerce Chief Executive Officer Bob Hastings looks back over his nearly seven-year tenure with the chamber, he talks about positive change and working together ...
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Biden Reschedules N.H. Visit
The No. 2 name on the Democratic ticket for president is coming to New Hampshire.
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Croft Elected President NAIFA-Maine
Portland, ME - James C. Croft, CLU, Managing Director with AspenCross Financial Group, has been elected President of NAIFA-Maine. Croft was sworn in to his position by Past President Matt Tassey at the ...
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Welding spark ignites barn fire
Firefighters from eight towns spent several hours Wednesday trying to put out smoldering fires in hay bales at a farm on Route 106, near the Leeds line.
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Maine, N.H. kids in arsenic study
Researchers are recruiting students in Maine and New Hampshire to participate in a study evaluating arsenic's effect on children's intellectual development.
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The Miracle Bubble
A miracle is something that happens that only God can perform. Some miracles are immediate - fast.
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Third suspect arrested in vicious assault in Maine
New Hampshire police have arrested a third suspect in a vicious assault on a Brunswick Naval Air Station sailor in Portland's Old Port.
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N.H. man expected to waive extradition to Maine
A New Hampshire man charged in a killing 22 years ago in Maine is expected to waive extradition Monday.
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Chart a course for family fun in the Sunshine State.
It's the Holy Grail of family vacations. Unlike that mythical treasure of old, Orlando isn't hard to find.
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County Gospel festival gears up for fifth summer
B4 Plans are now well underway for the fifth annual County Gospel Music Festival, July 12, at FARM Park in Fort Fairfield.
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New Bier Cafe, "Novare Res," Launches in Portland, Maine's Old Port...
Portland, ME - Novare Res, located at 4 Canal Plaza in Portland's Old Port District, recently opened its doors in the city's historic Old Port.
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Minister to give June 9 presentation on Christians and Palestine
' "The Interests of Christians in Palestine" will be the topic of a presentation by the Rev.
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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.
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Arrest in brutal attack
An 18-year-old man was arrested Thursday on an elevated aggravated assault charge stemming from an attack two days earlier that critically injured a former state legislator from Pittston and his 10-year-old ...
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Gardiner opens Farmers' Market on the Common
' The new Gardiner Farmers' Market on the Gardiner Common officially opened Wednesday.
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Daily almanac
1507: German cartographer Martin Waldseemueller used the term 'America' to refer to the future United States, in honor of Italian navigator Amerigo Vespucci . 1898: The United States declared war on Spain. 1945: Delegates from 50 countries met in San Francisco to form the United Nations. 1983: Soviet leader Yuri Andropov invited Samantha Smith to visit his country after receiving a letter in which the Manchester, Maine, schoolgirl expressed fears about nuclear war. Actor Al Pacino , 68; singer Bjorn Ulvaeus of ABBA, 63; actress Renee Zellweger , 39. via South Florida Sun-Sentinel
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Fairchild reports jump in profits
Maine-based chip maker Fairchild Semiconductor International Inc. says its first-quarter profit nearly tripled on lower costs. via Sun-Journal
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Car Windows Shot Out In Road Rage
Police in Manchester are looking for a man who shot the windows out of a parked car with a BB gun, after its driver had honked her horn at a car in traffic. via WLBZ
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"I prayed day and night for a miracle...In less than a week, (Somerset) was able to stop the foreclosure and get a new mortgage for me. It was the best of times...I have Somerset Mortgage Lenders to thank until eternity for the miracle they were able to make come true." - Diane B.
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