Q. How can i meet the requirements a first-go out homebuyer if i features owned a house before?

Q. How can i meet the requirements a first-go out homebuyer if i features owned a house before?

  • Remain on active obligations otherwise had been honorably discharged
  • Have-not acquired home financing financed which have financial money ties
  • Will get ended up selling your household because of the go out of your own MaineHousing closure

A great. Predicated on newest controls, if you were a homeowner over 3 years before, but not during the past 36 months, you may be qualified given that a primary-time homebuyer. You can also meet the requirements if you co-very own a home, so long as you haven’t lived in that household to own during the last 3 years.

A beneficial. MaineHousing even offers mortgage loans to have mobile property which might be 20 years dated, or faster. The fresh new house might be into the either possessed or rented homes. MaineHousing also provides mortgages to have unmarried- and you can twice-broad mobile homes located on had or leased land. With this particular program alternative, there was a price restriction statewide off $250,000 to own cellular home with the possessed homes, and you will $2 hundred,000 to the rented land.

Q. Basically very own (otherwise have possessed) a mobile household, am We qualified to receive a MaineHousing mortgage?Good. Read more