Maine FHA Loans
BENEFITS
FHA loans offer low down payments, lenient credit qualifications, and competitive rates, making homeownership accessible, especially for first-time buyers with limited savings.
KEY POINTS
FHA loans allow a non-occupant co-borrower, require just 3.5% down, and offer higher qualifying ratios for easier access to homeownership. FHA loans are also assumable.
FHA PRO TIP
Investing in a four-unit property as your primary residence can be a strategic move. By putting down as little as 3.5%, you can leverage FHA loan benefits to secure a property that not only provides a home but also generates rental income. This approach can contribute to your financial stability and future growth, as the rental income can help cover mortgage payments and potentially yield a profit. It’s a smart way to utilize real estate to build wealth over time.
CREDIT
FHA loans require a 3.5% down payment for credit scores of 580 or higher, and 10% for scores between 500-579, offering flexible pathways to homeownership.
A reliable companion on your Maine FHA mortgage journey
Navigate the Maine FHA mortgage journey with confidence, backed by a steadfast ally offering expert guidance and personalized mortgage solutions every step of the way
Partnership with clients
My approach is based on open communication and a commitment to becoming your trusted advisor.
Individual approach
Understanding that each client is unique, I develop personalized strategies to suit your goals and life circumstances.
Maine’s Go-To Expert for Home Financing Needs
For homebuyers in Maine, Brendan Fontaine is the unequivocal expert, offering unparalleled mortgage advice and service.