The Maine USDA Rural Development Home Loan.

Do No Money Down Loans exist in 2023? You bet they do and there’s a good chance that you qualify.

100% Financing: The Maine USDA Home Loan

The Maine USDA mortgage loan has been around for years, but it has become more popular recently because it requires zero money down and has lenient credit requirements.

It may sound too good to be true, but it’s a legitimate mortgage program that over a million home buyers have used since 1949.

The USDA loan is a government-sponsored loan that exists to help develop rural communities by encouraging home ownership. That’s why this loan type is also known as the rural development loan.

It may sound too good to be true, but it’s a legitimate mortgage program that over a million home buyers have used since 1949.

The USDA loan is a government-sponsored loan that exists to help develop rural communities by encouraging home ownership. That’s why this loan type is also known as the rural development loan.

With the Maine USDA home loan, it could be cheaper to move into a home you buy than to rent the same house.

VERIFY ELIGIBILITY

The Maine USDA mortgage even allows the seller to pay your closing costs. This means you don’t have to come up with a down payment, nor do you have to pay costs of opening a mortgage if the seller agrees to pay them for you. With the USDA loan, it could be cheaper to move into a home you buy than to rent the same house.

There is a 1.0% upfront fee which can be financed into your loan amount and doesn’t have to come out of your pocket.

The USDA also charges $33.33 per month on every $100,000 borrowed as an ongoing fee to make the program viable for future home buyers.

Even with these added costs, Maine USDA home loans are a great opportunity to break into homeownership with little upfront costs, and fairly low monthly costs, considering the low interest rates available for this program.

ABOUT ME

Seth A. Jacobs

“I have been originating mortgages since 2004. The mortgage process requires commitment, attention to detail, patience, and perhaps more than anything, customer service. As your mortgage loan officer you will always be able to count on me to provide you with the utmost care & attention, efficient service and a competitive edge.”
– Seth

As an experienced Mortgage Broker here in Maine, my ultimate goal is to create lasting relationships with each of my valuable clients and referral partners so that I may continue providing excellent service for many years to come.

When buying a new home, planning should be your first step. Let me give you the guidance and direction to plan your future with the biggest investment most Maine citizens will make in their lifetime.

There’s a good chance that you qualify for a Maine USDA home loan

VERIFY ELIGIBILITY

David Tremblay

03:19 24 Oct 22

If you are looking at making a purchase I highly recommend Seth. He was very responsive, informative throughout the entire process and made the whole purchase possible.

Zachary Collier

17:42 03 May 22

This was my first time going through the refinance process and I am very happy that I went with Seth! He made the whole process go smooth, answered all the questions I threw at him and educated me on the way. I highly recommend Seth!

grant olsen

22:18 17 Feb 21

I needed to do a cash out refinance to repay private loans for my new home construction. I couldn't manage to get more than 5 minutes from local banks. A friend recommended I talk to a mortgage broker. Found Seth on Google maps and gave him a ring. He got it done for me and made the process effortless. So easy it was almost worrying. Couldn't be happier with the whole experience.

Kenneth Theobald

19:57 22 Jun 20

I was left high and dry by my local bank right in the middle of my mortgage application process because of new Covid-19 regulations! I reached out to Seth for some help. Even though there were a bunch of moving parts to my application due to being an entrepreneur, self-employed, and uncharted Covid-19 waters, Seth had over sixty hours on my file but he never gave up. My wife and I would never have been in our dream cottage by the sea without Seth's expertise and perseverance!

Kristin McIntyre

19:11 25 Nov 19

Seth and his team were AMAZING! I bet not many people leave the house buying process saying that. Seth went above and beyond for us, even making special trips to make sure all the right tests and documents were done to close. From the first conversation to the last, Seth was informative, patient, and kind. Thank you!

CONTACT ME

Call, text or email me today to get the planning process started. It’s free and I can assure you no pressure or obligation.

sethjacobs@leader1.com

207-831-1903

Seth Jacobs - Mortgage Broker Maine<br />