MaineHousing also offers Very first Mortgage mortgage loans as a consequence of a beneficial statewide network away from finance companies, borrowing unions and you may financial organizations
Program Conclusion
MaineHousing’s Very first Financial Program makes it easier and affordable to find a home https://paydayloanalabama.com/eunola/ of your by providing lowest fixed interest mortgages. You will find options with little if any downpayment expected, while you nonetheless still need advice about the money for closing will cost you, i also offer a down-payment and you will closing prices assistance option named Advantage.
Little or no down-payment – When good MaineHousing mortgage is actually along with a national guarantee (FHA/RD/ VA) or having a MaineHousing acknowledged individual home loan insurer, hardly any deposit becomes necessary.
MaineHousing is now providing an exclusive financial insurance policies pilot system that have Arch MI for 1 Tool Unmarried Family characteristics and you will accepted Condos found in the places off Bangor, Lewiston, Auburn, Westbrook, Portland otherwise Southern area Portland simply. MaineHousing Small Publication
Virtue downpayment and you can closure prices guidelines – The bonus option offer $5,100000 to your the cash need to own closing. Applicants going for Advantage has to take a good hoMEworks-acknowledged homebuyer degree group just before closure and ought to create a beneficial minimal debtor contribution of just one% of your mortgage. The price of the fresh homebuyer education group counts to the 1% contribution. Advantage Bottom line Sheet
Multi-Device Advantage The new Multiple-Tool Advantage solution provide $5,000 in conclusion can cost you and advance payment guidance for each and every residential unit in 2 in order to four equipment features. For two devices Virtue was $8,100, three tools is $11,one hundred thousand, and you will four systems was $14,100000. (más…)