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Milford, 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 Milford, 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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Milford, Maine News
Woman sentenced in case involving false prescriptions:

"Mr Clam, You sound like a very bitter old man. It is a shame you came back to Lubec with your " "Being from stockton there is alot of talk about why did he choose the school,,, and I want to know " Gunman's ...


The kindness of strangers

The kindness of strangers Internet program helps find foster homes for military pets while owners are deployed Duke, a 6-year-old Lab mix, watches as his owner, Master Sgt.


Milford truck crash strands 3 in swamp

Milford truck crash strands 3 in swamp MILFORD, Maine a ' The temperature was hovering just above freezing at about 4 a.m. Sunday when a Brewer man fell asleep at the wheel and lost control of his truck while ...


Oct. 6 Sports scores and highlights

"John: Are you sure it wasn't on the corner of Essex Street.? A big grey house that was a rooming " Liquor carnival followed "Thank you for such a beautiful tribute! I, too had an opportunity to greet some of ...


Old Town response to presidential debate mixed

Old Town response to presidential debate mixed OLD TOWN, Maine - ' Some liked Sen.


Crossing the Midcoast without a steering wheel

ROCKLAND : Sounding a train whistle properly is harder than it looks. At any railway crossing, you hear the same standard whistle.


Fisheries Restoration, Energy Balance Closer to Becoming Reality on Penobscot River

OLD TOWN, ME. - August 21, 2008 - Today, on the banks of the Penobscot River in Old Town, Maine, at 11 a.m., partners in the Penobscot River Restoration Project will announce they are taking a major step ...


3 Maine dams to be opened to fish

Conservationists said Thursday they are moving forward with plans to remove two dams and install a fishway at a third to reopen hundreds of miles of Maine river habitat to Atlantic salmon and other sea-run ...


Baldacci family sells restaurant property

Gov. John Baldacci serves pizza to supporters at Baldacci's restaurant on Tuesday.


Old Town: Board favors regional high school plan

The idea of creating a regional high school for the Orono-Old Town area was unanimously moved forward Tuesday by the Old Town School Board.


Penobscots' powwow bears repeating

Canonchet Stocking, 13, of Cromwell, Ct. and the Creek tribe watches a children's dance during the Penobscot Nation's first annual Powwow at Indian Island on Saturday, June 28, 2008.


Restructured Red Shield likely to survive

The list of debts owed by Red Shield Environmental LLC and RSE Pulp & Chemical LLC to each of their 20 largest unsecured claims totals more than $5.6 million, according to documents from the companies' ...


Regional high school idea revisited

Rep. Emily Cain of Orono discusses plans for a regional high school which would serve Old Town, Orono, and several surrounding communities during a breakfast meeting held at Governor's Restaurant in Old Town on ...


Camp CaPella to open after 2-year hiatus

Nathan Robichaud, 10, and his friend Matthew Keresey, 8, play near the Old Town High School softball field Friday.


Unexpected Delay at BIA gives maine soldiers time with family and friends

Suzanne Fischer of Milford gets a double hug from her fiance Spc. Cody Myers of Augusta and Spc.


Lincoln: Health Access Network begins construction of $5.4M facility

Construction will begin this week on a $5.4 million office that will allow Health Access Network to consolidate six sites into one state-of-the-art facility.


2 arrests amid metals thefts 'epidemic'

Two teenagers were charged this week in connection with a string of metal thefts stretching from Mount Desert Island to Dedham.


Small brush fire fought in Glenburn

Graham Garber, a firefighter with the Glenburn Fire Dept.,looks for smoke as he helps others put out some of the burning remains of Thursday afternoon's fire in a wetlands area near Marston Meadow Road in ...


Governor Urges People Impacted by Flood to Seek Aid

MILFORD – Governor John E. Baldacci today visited two homes in Milford and one in Bradley that were damaged by the flooding of the Penobscot River.


FEMA staff in Milford, to aid county flood victims

By Nick Sambides Jr. Monday, May 19, 2008 - Bangor Daily News A mobile Disaster Recovery Center from the Federal Emergency Management Agency will visit two Penobscot County towns to help all county victims of ...


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