Loan Types & Closing Costs

To find out which loans work best for you, read through these diverse loan options and choose the one that fits your needs and preferences. Check out closing costs below for a breakdown of average costs for your loan. Click on any category below for mor

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Adjustable Rate Mortgage (ARM)
Currently an ARM mortgage is a cheaper alternative for a consumer needing a Jumbo Loan.
B/C Loans
Loans for consumers with less than perfect credit.
Closing Costs Breakdown
Closing costs can vary greatly and can be confusing to compare. At First Portland Mortgage we invite you to compare our rates and fees to other lenders. We believe that we have the lowest rates for a Maine mortgage or a New Hampshire mortgage and we encou
Conforming Loans
Conventional Loans up to $417,000.00
Conventional Loans
Loans that meet normal Fannie Mae and Freddie Mac guidelines. These loans are not guaranteed by the government.
FHA Mortgage Loan
The FHA loan program is a government program sponsored by HUD which requires little money down. It can also be used to refinance when you have little equity in your home.
Fixed Rate Mortgage
A mortgage where the principal and interest payment can never change.
Jumbo Loans
Loans for consumers that are higher than $417,000, the current conforming loan limit.
Rural Housing No Money Down Loan Program
Purchase Program that requires No Money Down. You do not have to be a First-Time Homebuyer to qualify.
VA Loan
100% financing for eligible Veterans and Reservists.