Home Mortgage Lender Gorham
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 Gorham 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
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 Gorham 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 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.