Maine State Housing Authority First Time Home Buying Programs... Offered At These Fine Banking Financial Loan Institutions.

By
Real Estate Agent with MOOERS REALTY ME Broker License 106759

Sniffing around for a house to own not rent? 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.

maine lighthouse photo

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.

I'm Maine REALTOR Andrew Mooers, ME Broker

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Location:
Maine Aroostook County Houlton
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Tags:
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Rainmaker
4,911,025
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Andy....I remember those days....actually, I remember a 21% mortgage interest rate....but one also made a good rate of return on a CD....

Jun 08, 2011 12:45 AM #1
Rainmaker
3,081,553
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

My first mortgage 14 some years ago was 7.65...not too bad...love the video too!  have a good one!

Jun 08, 2011 01:07 AM #2
Rainmaker
1,939,115
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Barbara ... You are so right. 16% interest on a retire person's CD spoiled them, was great. It depends on whose ox is getting gored I guess is the expression.

Kristin ... Every real estate agent, broker, REALTOR should tell their story of how it all happened, the steps that led to where they are today. Not scripted, not told by someone else but in your voice, with your facial expressions because it is your story. You are the best person to get the part.

Jun 08, 2011 01:30 AM #3
Rainmaker
5,310,522
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Looks like a great program for first time home buyers. My first mortgage was at 6% back in the early 60's.  The local bank offered the financing and we were able to deal directly with the bank officer that would present the loan for approval by the board of directors.

 Blooming for you!

Jun 08, 2011 04:16 AM #4
Rainmaker
1,939,115
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

You do the best you can with the rate that is available, but you never rent or wait. You get in the market, work your way up and build equity.

Jun 08, 2011 01:27 PM #5
Rainmaker
507,032
Cal Yoder
Keller Williams Elite - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

It is interesting to hear of these programs from earlier days. I agree so much with your last comment about buying, not renting.

Cal

Jun 08, 2011 03:34 PM #6
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Rainmaker
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Andrew Mooers | 207.532.6573

Northern Maine Real Estate-Aroostook County Broker
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