For a limited time – until November 30, 2009 – MaineHousing is offering eligible borrowers who use a MaineHousing mortgage:

• A grant of up to $5,000 (not to exceed 4% of the mortgage amount) 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.

After November 30, MaineHousing will offer all MaineHousing borrowers a grant of $2,500 to help with down payment and closing costs, and an energy audit coupon worth up to $500.

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.