...or are simply looking for great mortgage interest rates in Maine and New Hampshire for a purchase or refinance, we've got a loan for you! In addition to membership in the Society of Certified Senior Advisors, Seacoast Family Mortgage holds local leadership roles in: . Company NMLS #238258. Licensed by New Hampshire Banking Department
We are also proud to be one of the most experienced New England reverse mortgage companies in business today, having specialized in this type of loan since 2002.
So whether you're interested in a...
Mortgage interest rates in Maine and New Hampshire are based on individual criteria such as credit scores, loan to value amount and whether a borrower wants to take cash out of the home. Seacoast Family Mortgage has access to a wide variety of lenders who offer different mortgage interest rates in Maine and New Hampshire. Please contact our office so we can provide you with a free, individualized, accurate mortgage interest rate quote.
Call us direct at 1-207-361-5363 or toll-free at 1-800-476-2858, or email questions to acatling@seacoastfamilymortgage.com
Casual inquiries are always welcome!
Find the Reverse Mortgage Option to fit your needs:
Reverse Mortgages
A reverse mortgage is a home loan that lets homeowners convert a portion of the equity in their home into cash. The equity built up over years of mortgage payments can be paid to you. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence.
Am I Eligible?
To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan; and must live in the home.
How Much Do I Get?
The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limits for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow.
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