MaineHousing now offers Earliest Home loan mortgage loans courtesy an effective statewide community of banking companies, credit unions and you can mortgage people

System Conclusion

MaineHousing’s Earliest Home loan System makes it much simpler and affordable buying a property of your own by providing lower repaired interest rate mortgages. Discover selection with little if any down payment necessary, incase you still need help with the cash getting closure costs, we also offer a down-payment and you can closing pricing assistance choice titled Virtue.

Little or no down payment – When good MaineHousing mortgage are along side a federal government guaranty (FHA/RD/ VA) or that have good MaineHousing approved private financial insurance carrier, almost no downpayment is required.

MaineHousing is providing an exclusive home loan insurance pilot system having Arc MI for starters Device Single Household members qualities and recognized Condominiums found in the cities from Bangor, Lewiston, Auburn, Westbrook, Portland otherwise South Portland merely. MaineHousing Short Guide

Advantage down-payment and you may closure prices guidance – The advantage choice offer $5,000 toward the cash you desire to possess closure. Individuals going for Advantage has to take a hoMEworks-accepted homebuyer training group in advance of closing and must build good minimal debtor sum of just one% of your own mortgage. The price of the fresh new homebuyer degree classification matters with the step 1% sum. Virtue Conclusion Layer

Multi-Equipment Virtue The fresh Multi-Device Advantage option offer $5,000 to summarize can cost you and you can downpayment advice for every domestic tool in two so you’re able to five product services. Weiterlesen →