First Things First


Get $3,500 Advantage
towards down payment & closing costs.**

Green Key LenderFirst Home Loan from MaineHousing is the most affordable way to buy your first home or return to home ownership.

Our First Home Loan is available through our Green Key Lenders — banks, credit unions, and mortgage companies you already know. 

**The $3,500 Advantage towards down payment and closing costs is included with the rate. A hoMEworks homebuyer education class is required to receive the $3,500 Advantage.


Who’s eligible for a First Home Loan?

Mainers who...

  • Have never owned a home or have not owned a home in the past three years
  • Meet income limits
  • Meet home cost limits
  • Qualify based on credit score and lender criteria
  • Veterans & Active Duty Military, regardless of prior home ownership

How do I apply?

  • Find a Green Key Lender near you to see if you qualify.
  • A homebuyer education course is a great way to learn the ins and outs of borrowing and buying a new home.  A hoMEworks-approved homebuyer education class is required to receive our $3,500 Advantage towards down payment and closing costs offered only with MaineHousing’s First Home Loan.

    Choose an option below to learn more about the classes available in your area. 

Why First Home?

The First Home Loan program features:
  • Below-market or competitive interest rates on 30-year fixed rate mortgages
  • Little or no down payment. When a MaineHousing mortgage is combined with a government guaranty (FHA/RD/VA) or with a MaineHousing approved private mortgage insurer, little or no down payment is required
  • Low or no point options
  • $3,500 in down payment and closing cost assistance (our Advantage program)
  • Up to $35,000 in additional loan financing for house improvements
  • Financing of manufactured homes on owned or leased land
  • Maine HOPE Payment protection for unemployment

Sign up to learn more



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Contact Us

353 Water Street  •  Augusta, ME 04330
(800) 452-4668  •  (207) 626-4600
Fax (207) 626-4678  •  Maine Relay 711
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