Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Orono, 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 Orono, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Orono, Maine News
Andrew E. Sturgeon, PLS, Joins Sewall as Director of Business Development

Company: James W. Sewall Company Industry: Real Estate, Telecommunications, Local Government, Environmental, Retail, Public Health, Transportation / Public Trans, Utilities, Cartography, Consulting, Federal ...


Ending Hunger walking tour wraps up in Orono

Ending Hunger walking tour wraps up in Orono ORONO, Maine - Brenda Davis is expected today to take the final steps of a 700-mile trek she embarked on in October to help end hunger in Maine.


Laura Berenice Riesco Luszczynska

Laura Berenice Riesco Luszczynska, died Friday, Nov. 14, 2008. Laura was born Feb.


Marsh Island bowhunting opens Monday

A two-week herd-reduction bowhunt for deer will open Monday on two parcels of city-owned land.


Nourishing body and soul

Nourishing body and soul Manna Ministries hosts a Thanksgiving tradition in Bangor Janelle Look of Machiasport serves plates of Thanksgiving dinner during Manna Ministries' annual holiday celebration at ...


Dionne - Ausplund engagement

SOUTH THOMASTON : Sarah Landre announced the engagement of lifelong best friend Kali Ausplund to Matthew Dionne.


Let them eat ...

For Timothy Berry, art is not something to simply hang on a gallery wall but something for people to interact with.


Sturrock to practice law at Elliott & MacLean

CAMDEN : Mikaela Sturrock has joined the Elliott & MacLean law firm. Sturrocka s areas of practice include real estate law, probate law, criminal defense and general civil litigation.


U. Middle East Center to get new director

Bahman Baktiari, an Iranian-born political scientist from the University of Maine, has been chosen to direct the University of Utah's Middle East Center, a major step toward resolving a leadership crisis that ...


Orono Power Failure

Bangor Hydro crews spent the frigid morning repairing, then re-repairing power to the greater Orono community Wednesday morning... Some folks in Orono woke up to blinking alarm clocks Wednesday morning.


Moores Murder Trial Continues In Bangor

Ashton Moores' murder trial continued Tuesday with testimony from friends, neighbors and police officers.


Hampden pupils take recycling efforts to heart

Hampden pupils take recycling efforts to heart George B. Weatherbee Elementary School pupils Lily Case, Aleah Bishop, Ethan Nelson and Allison Guerrette sort school trash that will be recycled during a meeting ...


Ex-UM student faces computer invasion charge

Ex-UM student faces computer invasion charge Virus attack breaches trust ORONO, Maine - Imagine every keystroke you've entered into your computer - every credit card number, every password, every instant ...


Success is sweet

Town shouldna t get grant, 11/12/08 Success is sweet A Dover-Foxcroft couple finds its niche making high-quality confections There are no Oompa-Loompas helping Sue and Mike McGeown produce their decadent ...


Working On National

Fellow Alna residents who see Doug Baston out jogging, or serving on the towns planning board, might not realize they are looking at a man who, decades ago, helped start the nations energy conservation ...


Statewide DTV Test Coming to Maine

The tests, lasting 60 seconds each, will begin at 6:28 p.m. on Monday, Nov. 17; Weds., Dec.


A Spirited Comeback

A Spirited Comeback Newly legal in the U.S., Absinthe, the libation of lore and legend, makes its initial forays into local bars and markets Abe Furth, owner of Woodman's Bar & Grill in Orono, pours cold water ...


Howard Dean stumps for Obama at UM

Dean spoke in support of Barack Obama, Tom Allen and Mike Michaud. Buy Photo ORONO, Maine - Speaking to a crowd of mostly college students on Wednesday, Democratic National Committee Chairman Howard Dean called ...


Orono man top Maine finisher in New York Marathon

An Orono man was Maine's top finisher in Sunday's New York City Marathon. Erik McCarthy was top person from Maine with a time of 2:57:02. The top woman was Melissa Johnson of Minot, who had a time of 3:28:13. ...


Maine Student Athlete Advisory Committee to Collect Cans for Trick or Eat

Black Bear student-athletes will take part in the second annual "Trick or Eat" campaign this Halloween.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)