Homebuyer Program Details

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Program Summary

MaineHousing is offering eligible borrowers who use a MaineHousing mortgage:

A grant of $2,500 to help with the cash needed for closing, such as any required down payment, closing costs, and prepaids .
A coupon worth up to $500 for a 2-part home energy audit.

The Gift of Green really is a gift - it will not be added to the loan amount and does not need to be paid back.

Because the Gift of Green promotion is part of MaineHousing’s mortgage program, you also may be able to use the Purchase Plus Improvement Option to fund home energy improvements as part of your mortgage.

Am I Eligible?

You may be eligible if you:

Choose a low fixed rate First Home or Operation New Home mortgage from MaineHousing.

Choose the zero point rate option.

Pay a portion of the closing costs – equivalent to at least 1% of the mortgage amount – from personal resources. (Personal resources can include gifts from family members.)

Take a hoMEworks-approved homebuyer education class prior to closing, where you will learn more about financing a home – Purchase and Sale (P&S) Agreements, budgeting for unexpected expenses, and more.

How Do I Apply?

Apply for a MaineHousing First Home loan or Operation New Home loan at one of our more than 30 Participating Lenders.

Program Resources

	Gift of Green Promotion FAQs
	Gift of Green Highlights
	Sample Energy Audit Coupon
	Gift of Green Flyer
	First Home Brochure
	Certified Energy Auditors
	Participating Lenders
	Income and Purchase Price Prequalification Tool