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Newry, 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 Newry, 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

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Newry, Maine News
Height of Land overlook gets funds for work

The popular Height of Land overlook on Route 17 between Oquossoc and Byron will get a makeover next year, thanks to $270,762 in federal highway funds.


Small quake sounded like 'a huge blast'

Ed and Loretta Powers were sipping coffee at their kitchen table at about 5:30 on Thursday morning when they heard a loud explosion.


Christmas Arrives Early to Sunday River

NEWRY, Maine -- Even those who fall on Santa's naughty list can make ground this season at Sunday River's 9th Annual Santa Sunday taking place on December 7, 2008.


Minority partners represent 25 percent of casino ownership

Olympia Group Las Vegas-based Olympia Group purchased the majority share of Evergreen Mountain Enterprises LLC last month, appointing Dean Harrold, vice chairman of Olympia Gaming, as the new president of the ...


Collins campaign tour visits Rumford

U.S. Sen. Susan Collins campaigned Friday in northern Oxford County, speaking with paper mill workers, town employees, school children and business owners.


Oxford County arrest log

The following arrests were recorded at the Oxford County Jail: Eli King Webber, 56, of Rumford, Oct.


Wife Carrying Champ

Couples from across the country gathered in Newry, Maine over the weekend to crown a new National Wife-Carrying champion.


School systems vote to consolidate

Officials of school systems based in Bethel and Rangeley, which are 76 miles apart, voted unanimously Thursday night to begin the process of merging.


Cutting costs

Mike and Jennifer Warren of Wilton brought chain saws, a flatbed trailer and an all-terrain-vehicle to a single-acre lot Saturday in the Mahoosuc Mountain Range above Newry.


Mexico gives residents place to dispose of hazardous waste

Pullout Box: Upcoming or ongoing household hazardous waste collections: From 8:30 a.m. to 12:30 p.m. on Saturday, Sept.


Murder victim's sister files suit

The sister of one of four people murdered over Labor Day weekend in 2006 has filed suit against the estate of the Newry innkeeper who rented a room to the killer.


Bangor, Maine Wvii Abc 7 and WFVX Fox 22

The body of an elderly man was found in a Western Maine park last Monday night. Wardens were called to Grafton Notch State Park in Newry about a vehicle that had been sitting in the same spot for several days.


Fire destroys unoccupied house

An unoccupied house in a remote area of town was destroyed by fire shortly after midnight Wednesday.


Auto, cycle show at Farmington Fairgrounds this weekend

Stanley Steamers won't be the only vintage vehicles in town this week when the End of Summer Hoorah automobile and motorcycle show takes place Saturday at the Farmington Fairgrounds.


Maine Energy Systems Appoints Senior Engineer

Maine Energy Systems , a new company providing wood pellet fueled boilers for home heating, has appointed Daniel Wheeler to the position of Senior Mechanical Engineer.


Looking back

"I think it only fair that Lewiston should pay one half the cost of patrolling Lake Auburn during the fishing season," says a prominent Lewiston business man and a heavy tax payer.


Crash Closes Route 2 In Hanover

State Poilce and the Oxford County Sheriff's Department on on scene of a crash involving a tractor-trailer carrying wood chips and a car on Route 2 in Hanover.


Jordan McLaughlin, a Resident of Medway Awarded Maine Innkeeper's ...

Jordan McLaughlin, a Medway resident, was awarded a scholarship by the Maine Innkeeper's Association Education Foundation, affiliated with the Maine Innkeepers Association at a gala dinner at the Grand Summit ...


Maine Lawyers Focus On Judicial Cutbacks

Cutbacks in Maine's judicial system will be in the spotlight when the summer meeting of the Maine State Bar Association gets under way Thursday in Newry.


Maine Ski Area Sold

The Mount Abram ski resort in western Maine has been sold to two local investors.


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