You are a Maine first time home buyer and looking for a mortgage loan from Maine State Housing to get a set of keys to your first house purchase.
My first home was a cute Houlton Maine cape home with hardwood floors, a bath and a half, fireplace, garage. And all for $34,500 with a Maine State Housing first time home buying loan.
The Maine bank interest rates at the time found bank lenders charging sixteen percent, with an adjustable option to reflect the market conditions, adjusted yearly.
My prize winning fixed rate twelve and a quarter percent Maine State Housing home buying interest rate was some kind of sweet for the time.
But like ice cream at a local Maine dairy bar after a little league game win or lose, there are many flavors of Maine State Housing home bank loans to pick from. VA, Rural Development (RD) and FHA to name a few of the banking options when considering a Maine State Housing Authority home loan. Here is a list of ME financial bank lending institutions offering Maine State Housing Authority home mortgage loans to buy a house.
Like heading in to the barn to look for the best horse for the day ahead trail ride with a gait and personality to fit yours, the right ride to saddle up for a home loan on a Maine house is critical.
Maine State Housing Authority (MSHA) home loans are a great banking mortgage program to use to buy a house. But in Maine we also don't just list, market and sell homes, houses. It is owner financed land that has custom made payments to fit the property buyer's budget that we set up. No bank at all. Or waterfront properties in Maine often are sold with the owner carrying, taking back a first mortgage on that place by the lake, river, ocean, pond or stream too. Maine, learn more about it and follow our MeInMaine blog posts. Or our other Vacationland portal at Own Maine Real Estate Blog. See, hear the local community events wherever you are on the spinning planet with the miracle of real Maine full motion videos.