Fontaine Family - The Real Estate Leader: no money down mortgages

Wednesday, May 22, 2013

In the latest episode of

Your Real Estate Solutions

with Brenda Fontaine...

Join Brenda Fontaine as she discusses whether it is a good idea

to include appliances when selling your Maine home.

Julie Poulin from Mortgage Network discusses no money down loan options.

DeeDee Whittemore from Phenix Title talks about the dangers of

discounted title searches and title insurance.

Do you have a question about real estate that you would like

to have Brenda or one of our experts answer?

or call

(207)784-3800

to schedule a private meeting with one of our skilled agents.

Thursday, August 18, 2011

Believe it or not, there are still options available for home loans with no money down or low money down!

Photo by Bill Ward's Brickpile

Available to Veterans, active duty military, some reservists & National Guard members, some spouses of active duty personnel
Borrower must qualify in terms of income/credit worthiness
Borrower must occupy home as primary residence
No private mortgage insurance
Borrower is required to pay a VA funding fee but this can often be folded into the loan
Seller is permitted to pay closing costs on behalf of buyer
Borrower may be required to pay some fees charged by lender

Rural Development Loan Basics

Borrower must meet income/credit worthiness
Borrower must occupy the home
Home must be located in rural ares
Single family homes only
New or existing homes
Loans may include customary closing costs
Borrowers may be responsible for some fees required by lender or not covered by appraised value

photo by Bill Ward's Brickpile

FHA Loans Basics