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  • Home
  • Blog
  • Loan Options
    • Conventional
    • FHA Options
    • USDA (Rural Housing)
    • VA Loans
    • Maine State Housing Program
    • Reverse Mortgage
    • Reverse Mortgage (HECM) for PURCHASE!
    • Renovation Loans
  • calculators
    • Calculators
  • About
    • Mark J. Maroon, Branch Manager
    • Luanne Morgan, Operations Manager
    • David J. Maroon
    • Thomas P. Drew
    • Michael White
    • Irina Malayev
    • Support Staff
    • Testimonials
    • Our Culture
    • Directions
    • Join Our Team!
Mortgages in Maine PRMI | Maine Lender
  • Home
  • Blog
  • Loan Options
    • Conventional
    • FHA Options
    • USDA (Rural Housing)
    • VA Loans
    • Maine State Housing Program
    • Reverse Mortgage
    • Reverse Mortgage (HECM) for PURCHASE!
    • Renovation Loans
  • calculators
    • Calculators
  • About
    • Mark J. Maroon, Branch Manager
    • Luanne Morgan, Operations Manager
    • David J. Maroon
    • Thomas P. Drew
    • Michael White
    • Irina Malayev
    • Support Staff
    • Testimonials
    • Our Culture
    • Directions
    • Join Our Team!
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FHA Home Loans: Providing Simple and Affordable Mortgages



Purchasing a house with little money saved, along with a less-than-perfect credit score, might seem like a pipe dream. Fortunately, you can transform this dream into reality with Primary Residential Mortgage, Inc.’s FHA home loan options.

Our FHA loan programs are suitable for first-time home buyers coming from families with low to moderate income. This means they can buy a home even if they have limited resources. Rely on a trusted FHA loan lender like us to walk you through each step of getting the affordable home you want easily.

How Can You Benefit from FHA Loans?

One of the best mortgages out there is an FHA-insured mortgage. When you take advantage of this type of home loan, you can reap the following benefits:
  • Better Interest Rates – FHA loans provide borrowers with the same interest rate, which means individuals who have issues with their credit won’t face an interest rate penalty. Additionally, these loans offer credit-challenged home buyers the opportunity to qualify for rates that they are unable to obtain with other home loans.
  • Lower Down Payment – Unlike conventional mortgages that typically require between 5 and 10 percent down payment, FHA loans require a down payment of 3.5 percent of the final loan amount. Low down payments encourage people to purchase homes and begin establishing equity sooner.
  • Less Challenging Credit Requirements – Aspiring home buyers with little or no credit history will be glad to know that the approval requirements of the FHA are less stringent than the requirements for traditional home loans. Individuals who have a minimum credit score of 640 can qualify for our FHA loan.
​
As an established mortgage company offering FHA loans, we capitalize on our extensive experience to make home buying easier on your part. Speak with one of our mortgage professionals for more details.


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​PRMI NMLS 3094. Branch NMLS 989813. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Department of Professional and Financial Regulation Bureau of Consumer Credit Protection SLM5619.  Licensed by the New Hampshire Banking Department" 10706-MB.  Florida Office of Financial Regulation MLD646
Our Office
360 US Route One, Suite 300
Scarborough, ME 04074
207.885.5070

NMLS # 989813
 
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