YOUR HOME LOAN OPTIONS
Buying a home is a major life milestone that we want to help you achieve. Our team of local Maine home loan experts will work with you every step of the way, from completing your application to sitting at the closing table.
When it comes to buying a home, guarantees are always reassuring. The CU Promise home loan program offers three guarantees in addition to great terms and rates.
Learn more about the guarantees and benefits on the CUSO Home Lending website.
Whether you want to secure predictable payments with a fixed rate or let an adjustable rate support your shorter-term goals, our standard mortgage options can be tailored to fit a wide range of home buying goals. As you consider the financial benefits of either rate structure, trust our Home Loan Experts to help you lock down a loan that will be the right fit for you now, and into the future.
Secure the interest rate for the life of the loan.
Initial interest rates are generally lower compared to other mortgages, but after a predetermined timeframe, the rate will adjust periodically.
These government-backed mortgages offer powerful advantages in addition to flexible and forgiving requirements, even if your finances are less than perfect.
If you are a service member, veteran, or eligible surviving spouse, you may qualify for a VA Loan with benefits including:
If you have concerns about your credit score, or if your budget can only manage a small down payment, the lending standards for Federal Housing Administration (FHA) Loans may accommodate your financial situation, even if you want to refinance but have minimal equity. Benefits include:
Offered to low- and moderate-income families living in rural areas, this loan helps make homeownership a reality by providing up to 100% financing of a home's purchase price. Applicants must meet criteria as defined by the USDA, which includes income specifications, the location of the property, and a lack of adequate housing.
MaineHousing provides low fixed rate mortgages to help make homeownership attainable and affordable for more Mainers. There are options with little or no down payment required, and no-point and low-point options are available. Plus, if you still need help with the cash needed for closing, you may qualify for down payment and closing cost assistance. These mortgages even come with payment protection for unemployment.
Whether you're considering a single or doublewide, loans are available to help you purchase a mobile home with or without land. Work with a Home Loan Expert to find a rate that suits your budget.