There has never been a better time to buy a Maine home, and low interest ME bank financing options mean you get a small house payment. Or can afford a little more house due to the low cost Maine bank loan financing available around Vacationland now.
Huddle up. Which route to go? What fits your needs best depends on whether you are a first time home buyer MSHA (Maine State Housing Authority) loan candidate.
If you were a veteran and blend that Maine VA bank home loan with a MSHA loan to leverage the two, getting the best financing situation possible.
Lots of considerations depending on you, your income, credit rating, debt ratios. Less than perfect credit home loan financing is possible but rates vary depending on the program, how much drama, intrigue you have on a soft credit report to scope out your FICO score, other factors.
It's not just save 20% - 25% down payments first or don't darken our bank door anymore either. Not "Come see us and do a local portfolio loan" as the only route to own, buy a Maine home either. The "what banking options for a Houlton Maine home loan" video helps get your started.
Why is now the time to buy, own a Maine house or home, land farm, waterfront or other ME real estate? Good selection, low low ME bank home loan rates. And the pride of ownership. Investment whether a full time home due to a Maine relocation, retirement. Or planned move to the Pine Tree state either full time or electing to own a part time, seasonal vacation property in Maine. Hey, what is this Maine real estate broker, Andrew Mooers saying about the timing, to slide of the property buying fence in Maine now anyway?
And with Maine real estate land sales especially, owner financing options are plentiful, common. You the guy or gal wanting to buy Maine land decide how big a down payment won't clean out your personal savings. What monthly Maine land owner financing monthly installment payment you can handle to not choke your check book from bouncing, bleeding out or causing too great a financial strain on the personal budget. Time flys and before you know it, the Maine land is paid off . And you side stepped the bank costs of that ME land loan, secured a more attractive financing rate with no pre-penalty payment for paying it off early. Side steps the bank lobby and dealt direct with a custom loan arrangement hammered out by your Maine real estate broker, buyer and seller.Maine, one sweet place to live, work, play and to own, enjoy the four seasons with ME real estate.