Currently showing posts tagged Veterans in Maine

  • MaineHousing offers veterans and active duty military low home rates-starting at 3.25 percent

    Maine's housing authority is offering veterans and active duty military low home loan rates starting at 3.25 percent  (4.217 percent APR, 0 points).

    The quarter-point reduction on MaineHousing’s competitive First Home Loans is in appreciation for the commitment and sacrifices made by Maine’s veterans and active duty military on behalf of Maine’s residents.

    The interest rate reduction applies for veterans and active duty military that are first-time or returning homebuyers and is in addition to the other features of MaineHousing’s First Home Loan Program, including up to $3,500 towards down payment and closing costs. A hoMEworks-approved homebuyer education class is required to receive the $3,500 in assistance.

    MaineHousing’s competitive 30-year fixed rate mortgages are available to eligible first-time or returning homebuyers with little or no down payment when combined with a government guaranty such as VA, FHA or RD. Under the First Home Loan Program, returning homebuyers must not have owned a home in the last three years. That requirement is waived for veterans and active duty military. The home must be in Maine and be the homebuyer’s primary residence. Also, the loan stays in Maine.

    In 2015, MaineHousing’s First Home Loan Program began offering first-time and returning homebuyers up to $3,500 in down payment and closing cost assistance, and 750 homebuyers purchased homes. MaineHousing’s goal is 1,000 home loans this year.

    MaineHousing’s First Home Loans are available through more than 40 partner-lenders (called Green Key Lenders) statewide. They include most major banks statewide as well as a few mortgage corporations.

    Veterans, active duty military. and interested homebuyers may learn more about the First Home Loan Program at

  • Michaud worked with colleagues on both sides of the aisle to secure ARCH’s future for Maine veterans

    By Ramona du Houx

    Congressman Mike Michaud worked with Congressman Jeff Miller (R-FL) and Sen. Bernie Sanders (I-VT) over the weekend to finalize a deal on legislation that will tackle the immediate systemic problems throughout the Department of Veterans Affairs. Members of the Conference Committee are expected to vote later this evening on final passage. Michaud, who serves as Ranking Member on the House Veterans’ Affairs Committee, was a lead member of the Conference Committee, and worked with his colleagues on both sides of the aisle to include a number of provisions that will improve care for veterans in Maine and strengthen accountability across the VA. Among those provisions is the renewal of Project ARCH, which allows hundreds of veterans in Maine to receive specialty care close to home – without having to make the nearly 600 mile round-trip trek down to Togus.

    Michaud worked directly with Rep. Miller and Sen. Sanders to ensure ARCH’s renewal, and worked with other members on both sides of the aisle, including Sens. John McCain (R-AZ), Jerry Moran (R-KS) and Jon Tester (D-MT). Without renewal, ARCH was due to expire this fall.

    “Today’s bipartisan agreement is an important step toward ensuring veterans get the high-quality care and benefits they have more than earned through their service,” said Michaud. “It’s also a victory for many of our veterans in Northern Maine, who don’t live anywhere near Togus. The continued bipartisan agreement for ARCH speaks to the program’s importance to veterans. Since I helped bring ARCH to Maine several years ago, I have heard from so many veterans whose lives have been positively impacted by it. I’m incredibly proud that Maine veterans will continue benefiting from this valuable program.”

    Rep. Michaud included a provision bringing ARCH to Maine in a 2008 bill he helped pass, and Project ARCH went into effect at Cary Medical Center, in Caribou, in 2011. Through ARCH, Carey has enrolled approximately 1,400 veterans who have had more than 3,000 consults. Kris Doody, CEO of Cary Medical Center, estimated in testimony before the House Veterans’ Affairs Committee in June that travel costs alone for veterans utilizing ARCH to travel to Togus for appointments would have exceeded $600,000.

    “This is how our legislative process is meant to work. I was proud to work across the aisle to craft a positive way forward for the VA that will improve outcomes for our veterans and strengthen programs – like ARCH – that are already working well,” said Michaud. “But this is just the first step. True reform of the VA is going to take years, and each of us has a responsibility to continue working together long after the TV cameras go away, to ensure veterans are receiving the absolute best care and timely services possible – because they deserve nothing less.”