Opening the door to first-time homebuyers:

GET $3,500

for down payment and closing costs

Green Key LenderFirst Home Loan from MaineHousing, available through our Green Key lenders,
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 towards down payment & closing costs!
  • Our interest rates start at 3.5%/4.396% APR/0 Points for a 30-year, fixed-rate mortgage. 


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. When a MaineHousing mortgage is combined with a government guaranty (FHA/RD/ VA) or with United Guaranty private mortgage insurance, 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
  • 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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