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In comparison, a conventional loan with 3% down requires $9,000 up front, an FHA mortgage demands at least 3.5% down or $10,500, and financing with 5% down means you must have $15,000.
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Little or no down payment – When a MaineHousing mortgage is combined with a government guaranty (FHA/RD/ VA) or with a MaineHousing approved private.
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