About Me

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After running a local furniture store for 10 years, Chez Renee Home Furnishings, I felt it was time to get out of the retail world of home furnishings and sell the whole house instead. I bring with me that entrepreneurial drive and determination to assist those in either buying or selling your home. I have been married for 21 years to Glen Hudgens and we have two daughters, Kortnie 20 and Miranda 16. I love to be active in the business and residential community of Bangor. I've lived in several other areas of Maine, Massachusetts and California, but the Bangor region is where my heart is. I love to constantly show people all that the area has to offer.

Monday, November 7, 2011

Advantage
Down Payment & Closing Cost Assistance Option

Effective November 1, 2011
No additional documentation required
Does not increase the loan amount
No second mortgage required


Eligible Borrowers 
Borrowers using a MaineHousing First Home or Operation
New Home Mortgage

Eligible Uses 
* Down Payment & Closing Costs
* Prepaid escrow expenses (as allowed by mortgage insurer or
program)
* Available with the 0 point option only

Ineligible Uses 
Cannot be used for FHA down payment
Assistance Amount -$2,000
Income / Purchase Price Limits - Same as First Home
Asset Limit  -No liquid asset test
Interest Rate .25% Add on with the 0 point option only
Insurance/Guaranty 
FHA, VA & RD
Mobile Home Self -Insured
Uninsured
Program Options
First Home
Mobile Home Self- Insured
Uninsured
Purchase Plus Improvement
Operation New Home
Required Borrower Contribution
Minimum Borrower Contribution of 1% of the Loan amount is
required and may be a gift
Restrictions
No cash back allowed at closing; excess assistance must be
applied as a principal reduction
Homebuyer Education 
Applicants must complete a hoMEworks approved homebuyer
education course prior to closing
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