Information on the Maine Emergency Homeowner Loan Program.

This means that people who own houses in Maine may be able to get a loan from the government that they won’t have to pay any interest on. This could help them a lot if they are struggling to make their mortgage payments. The U.S. Department of Housing and Urban Development (HUD) has created a program that will give interest-free loans to eligible homeowners in Maine who have fallen behind on their mortgage payments because they have lost income due to unemployment or a reduction in income. The government is giving out loans to help people pay their mortgage if they are in danger of foreclosure.

The US Department of Housing and Urban Development (HUD) expects the first loans from its new program to be given out by the end of 2010. The government will provide loans with 0% interest to those in need, up to $50,000. The funds will help eligible homeowners who have lost their jobs or income, or who have had a reduction in their income, with payments on their mortgage interest, principal, property taxes, and homeowner insurance insurance for up to 24 months.

Qualifications in Maine

In order to qualify for the new zero percent loan program, eligible homeowners must meet certain qualifications.

The borrower must have a home or mortgaged property that they live in as their primary residence. This means that people who are eligible for this loan may not even own a second home.

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