Are you a first-time homebuyer in Maine? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Pine Tree State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable in Maine.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Advantage | Up to $3,500 in down payment and closing cost assistance | Any homebuyer | Not specified |
First Home Loan Program | Low to no down payment home loan that includes up to 3% in closing costs assistance | First time homebuyers who meet income and credit score requirements | Loan |
Indian Housing Mortgage Assistance Program | Provides mortgage insurance on tribal lands | Homebuyers that are a member of Passamaquoddy Tribe or Penobscot Nation | Mortgage insurance |
Katahdin Trust Company: Equity Builder Program | Up to $15,000 in down payment assistance | First time homebuyers that can meet income requirements | Grant |
Katahdin Trust Company: Housing Our Workforce | Up to $20,000 in down payment assistance | Any homebuyer that can meet income requirements | Grant |
Mobile Home Self-Insured Option (MHSI) | Up to $3,500 in down payment and closing cost assistance | First time homebuyers who meet income, credit score, and purchase price requirements | Not specified |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Coastal Maine | Bath Savings: Equity Builder Program | Up to $11,000 in down payment assistance | First time homebuyers that can meet income requirements | Grant |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Auburn | Community Development Department: HOMEbuyer Program | Up to $15,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgivable, deferred loan with a 0% interest rate |
Bangor | Homebuyer Assistance Programs | Down payment and closing costs assistance - amount not specified | Homebuyers that can meet income requirements and buying within the city limits of Bangor | Not specified |
Caribou | Housing Voucher Choice Homeownership Program | Down payment assitance - amount not specified | First time homebuyers that can meet income requirements | Not specified |
Lewiston | Community Development Department: HOMEbuyer Program | Up to $15,000 in down payment assistance | First time homebuyers that can meet income requirements | Forgivable, deferred loan with a 0% interest rate |
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