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 |
---|---|---|---|
Up to $3,500 in down payment and closing cost assistance | Any homebuyer | Not specified | |
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 | |
Provides mortgage insurance on tribal lands | Homebuyers that are a member of Passamaquoddy Tribe or Penobscot Nation | Mortgage insurance | |
Up to $15,000 in down payment assistance | First time homebuyers that can meet income requirements | Grant | |
Up to $20,000 in down payment assistance | Any homebuyer that can meet income requirements | Grant | |
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 | 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 | 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 | 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 | Down payment assitance - amount not specified | First time homebuyers that can meet income requirements | Not specified | |
Lewiston | 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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