- Remain on energetic duty or was indeed honorably released
- Have-not obtained home financing financed which have home loan cash securities
- Get sold your current domestic by the date of your own MaineHousing closing
A. Considering latest controls, if you were a resident more 36 months in the past, although not in the past three years, you happen to be eligible because an initial-time homebuyer. You may even qualify for many who co-own a home, if you haven’t lived in you to definitely house to own for the last 3 years.
A good. MaineHousing even offers mortgages to own cellular land which might be 20 years dated, otherwise reduced. Brand new residential property will likely be toward often had or leased house. MaineHousing offers mortgage loans to have single- and you will twice-wide cellular homes located on had or hired home. With this system solution, there clearly was a purchase price restriction statewide from $250,000 to own cellular home on the had home, and you will $two hundred,000 to your hired home.
Q. Easily own (otherwise provides had) a mobile family, was We eligible for a MaineHousing mortgage?A good. In case your mobile house is situated on hired residential property or perhaps in a park, and the mobile house hasn’t been secured towards the webpages, you may be believed a primary-day homebuyer lower than federal control and you can qualify for a good MaineHousing home loan.
When you have a cellular house on owned property (connected or unattached), or you features a cellular home that is forever connected to hired home, you’re not eligible for a beneficial MaineHousing home loan.
Rates of interest are a tiny large, and the name of loan lies in the age of mobile family
An effective. Although income restrictions implement, extremely Maine Properties is money eligible for a good MaineHousing mortgage.