Home Mortgage Lender Buxton

You have a local mortgage expert right next door ready to help you! At Homestead Mortgage Loans Inc., we specialize in assisting our local neighbors in Buxton find great home mortgage loans.

From conventional to jumbo, FHA to VA, If you are looking for a local mortgage expert to help you get the right loan for your new home, we are here for you. Call (207) 893-2900 today to talk to one of our loan experts.

About the loans we offer

At Homestead Mortgage, we finance homes for first-time buyers, move-up buyers, loans for investment properties and vacation or second homes. We also offer construction, portfolio as well as jumbo loans. The typical type of loan we process is a conventional financing loan. A conventional loan is usually going to be the best option for a client if they have a bigger down payment, and it is also typically one of the primary options for a customer looking to purchase a second home or investment property that they don’t plan on occupying themselves.

Refinancing Options

One of the services we offer is mortgage refinancing. It’s always a good idea to have your current mortgage analyzed to see if there is a way you can save money. Most people don’t realize there are refinancing options available even if you owe what your home is currently worth or even less than the current value. You may be able to lower the term or interest rate on your loan and sometimes even lower them both with a refinance. We can even work with you to find ways to consolidate debt or take money out of your home to finance home improvements.

Map of Buxton Maine service area for Homestead

First Time Home Buyers Programs

An excellent program available for many first time buyers or buyers who don’t currently own a home and are looking to purchase one in Buxton is the Rural Development Program. This program is designed to improve the economy and quality of life in rural towns. It requires no down payment and offers a 30 year fixed mortgage with very competitive rates. It also allows us to work with people with low credit or sometimes no credit at all and help them purchase a home.

VA Home Loans

We enjoy helping our veterans purchase a home through the VA home loan program. It is a fantastic program for our service members and reservists. It helps the people who have proudly served our country get into a home with little or no down payment, no private mortgage insurance, and very competitive mortgage rates. The program is more lenient for people with less than perfect credit or low credit scores.

FHA loans

FHA loans are very popular with first-time home buyers. However, you don’t have to be a first time home buyer to use this program. FHA programs offer a low 3.5% down payment are typically allow for people with lower credit scores or poor credit history to get a loan. You can even get approved for an FHA loan if you have had a bankruptcy or foreclosure in the recent past.

(207) 893-2900