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Payment protection for unemployment
- Eligible MaineHousing borrowers who lose their jobs can defer 4 payments until the end of the loan term, with no interest and no penalty.
Little or no downpayment
- When a MaineHousing mortgage is combined with FHA, RD, or VA mortgage insurance, little or no down payment is required.
Advantage Down Payment and Closing Cost Assistance
- for a 0.25% add-on to the 0 point rate option, Advantage can provide $2,000 toward the cash needed for closing.
Financing for Home Improvements
- Up to $35,000 in home improvements can be included in the loan amount under the Purchase Plus Improvement option.
Your mortgage stays with us
- MaineHousing doesn't sell its mortgages to investors – we are the investor. Your mortgage will be serviced by a company we choose and oversee.
Most Maine homebuyers are income eligible for a MaineHousing mortgage.
Some restrictions apply.
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Carbon Project
353 Water Street ▪ Augusta, ME 04330
(800) 452-4668 ▪ (207) 626-4600 ▪ TTY (800) 452-4603 ▪ Fax (207) 626-4678
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