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Richmond, 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 Richmond, 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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Richmond, Maine News
Recounts uphold election results

AUGUSTA : The final recount of Nov. 4 election results concluded Nov. 21, with election night tallies standing up in every case.


Foreign cars lure crowd to Owls Head

Foreign cars lure crowd to Owls Head Museum director says turnout largest ever for auto, aeroplane festival British sports car lovers Jim Sparrell of Damariscotta and Jim Begin of Richmond discuss the finer ...


Dresden Firehouse Figures Expected By Sept. 30

Dresden Selectmen Chairman John Ottum gave an update on the progress of the public safety building Monday at the regular board meeting.


Itching Poison Ivy?

For people who suffer from the horrendous itching brought on by that leafy green menace, poison ivy, cool relief may be just 15 minutes away.


Kittery told to consolidate with Wells-Ogunquit school district

Attempts to consolidate schools in Maine in order to achieve cost savings continues to dog the town of Kittery.


High hopes for low gas price

Thousands of southbound motorists this summer are taking U.S. Route 201 from Gardiner to Topsham as Interstate 295 is being rebuilt, Department of Public Safety spokesman Stephen McCausland says in his weekly ...


The Maine Women's Fund Awards $130,000 for 11 non-profits investing in women and girls...

The Maine Women's Fund awarded $130,000 in social change grants to 11 organizations in Maine promoting lasting social change in Maine.


Camden chefs compete for Maine lobster chef of the year

CAMDEN : Three local chefs got fired up this week at the governor's mansion to compete for the title of 2008 Maine lobster chef of the year.


Crowley, friends will give benefit concert

Singer/songwriter Larry Crowley, a Richmond native and bandleader for Royal Wade Kimes, will perform Tuesday, July 29, at South Portland Auditorium.


Richmond Days Schedule of Events

Have activities you'd like our readers to know about? Please contact the news dept.or mail your news release to: The Times Record, P.O. Box 10, Brunswick, ME 04011.


Cop dog sniffs out cocaine in car's hidden compartment, four arrested

Three Maine men who police said came to the city to buy cocaine and heroin and the man who allegedly sold them the drugs were arrested during a police surveillance near the Prospect Hill area Wednesday ...


Richmond Days Schedule of Events

Have activities you'd like our readers to know about? Please contact the news dept.or mail your news release to: The Times Record, P.O. Box 10, Brunswick, ME 04011.


Top Lobster Chef Wins Cook-Off

A lobster dish featuring Maine-grown products has fetched a Boothbay woman the title of Maine Lobster Chef of the Year at a competition at the governor's mansion.


Wiscasset Raceway

The biggest crowd of the season packed into Maine's Center of Speed Saturday evening for a night of racing sponsored by Accord Auto of Richmond and a spectacular fireworks show to celebrate the Independence Day ...


Swan Island

At the head of Merrymeeting Bay in the Kennebec River between the towns of Richmond and Dresden is Swan Island, where settlers first arrived in the early 1600s.


Five Finalists Named for "Maine Lobster Chef of the Year" Competition...

Cook-off event to be held July 22nd at Maine Governor's Residence Augusta, ME - Five finalists have been selected for the newly re-launched "Maine Lobster Chef of the Year" cook-off, to be held July 22nd from ...


Archaeological Survey Grant

Lincoln County Historical Association is pleased to announce receipt of a $4,000 grant from the Davis Family Foundation that will allow for a phase one archaeological survey of the site of the Reverend Jacob ...


New Fire Station

Dresden voters approved $1 million to build a new fire station at their town meeting Saturday morning.


Five Towns Create One Regional School Unit

Five towns south of Augusta joined forces to create what will be called a Regional School Unit.


Commissioner, Planning Committee Celebrate First Voter-Approved Regional School Unit

HALLOWELL – Education Commissioner Susan A. Gendron congratulated the people who helped create the first regional school unit to be approved by voters under the state's new reorganization law at a press ...


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