The beauty of living in Maine is low cost real estate, no crime, no over population.
But because money is precious and carefully spent, often the price of a home although lower than the rest of the world, circumstances with income or debt ratios can limited the home buying options for lower income buyers.
Back in the 1970’s, lots of new Maine ranch style homes were built for lower income buyers and what was Farmer’s Home Administration made lots of loans for 33 years with a dollar down. Over the years the program has changed, funding has be spotty depending on Congress and other market conditions. Sellers were reluctant to take them home off the market with only a dollar down and a list of inspections needed before FmHA would head into the closing. Find out about buying a Maine home thru Rural Development housing from the USDA.