homepath renovation vs 203K??
Homepath Renovation is only for Fannie Mae Owned Properties that you are purchasing from Fannie Mae. It looks like 203K is your best bet for now. Mortgage Insurance is more expensive on the FHA 203K so you will need to weigh the costs of a fixer-upper with repairs and the cost of a ready to purchase home. ...

are there teacher loan programs for professionals in maine?
Yes, there are programs in Maine for teachers. Feel free to contact me for more information.

CAN i REFINANCE A HOME WHICH IS IN JOINT NAMES WITHOUT MY EX'S PERMISSION
Your ex-spouse must sign off allowing you to refinance the home. A lending professional can review your particular situation to assist in accomplishing what your goal is in refinancing. I would be happy to discuss with you at your convenience anytime.

Would a $500k property require a jumbo loan in Saco??
Unless the area is high cost area it is still $417,000. There are no high cost areas in Maine. Not knowing your loan details, i.e. purchase/ refinance; sales price/current value; down payment/equity; credit of all parties to the loan; etc. one cannot work out a plan to keep the bulk of your mortgage under...

How do we go about obtaining a preapproval home buyer letter?
Any lender can do this for you. We pull your credit along with obtaining your income information, job stability, cash to close, etc. and qualify you for the mortgage program that best suites you. We then send a letter of approval to your real estate agent. I would be happy to help you if you make contact.