Opening the door to first-time homebuyers:

GET $3,500

for down payment and closing costs


First Home Loan from MaineHousing is the
most affordable way to buy your first home —
or return to home ownership.


What makes a  First Home Loan special?
  • Our Advantage program offers up to $3,500 FREE towards down payment & closing costs!
  • Our interest rates start at 3.5%/4.396% APR/0 Points for a 30-year, fixed-rate mortgage. 

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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 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, and is required if you use Advantage down payment and closing cost financing.

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Why First Home?

The First Home loan program features:
  • Below-market or competitive interest rates on 30-year fixed rate mortgages; your payment stays the same for 30 years
  • Little or no down payment requirement when combined with FHA, RD or VA mortgage insurance
  • 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
  • Payment protection for unemployment – Maine HOPE
  • The mortgage stays in Maine

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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