Homebuyers

MaineHousing provides low fixed rate mortgages and other assistance to help make homeownership affordable for more Maine people. No point and low point options are available. There are options with little or no down payment required, though if you still need help with the cash needed for closing, we also offer down payment and closing cost assistance. MaineHousing mortgages even come with payment protection for unemployment.

Programs

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First Home Loan Program
The First Home Loan Program provides low fixed rate mortgages to people who have not owned homes in the last three years. No point and low point options are available. Although income limits apply, most Maine households are income-eligible for the program. First Home Loan mortgages also offer payment protection for eligible borrowers who lose their jobs.

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Salute ME & Salute Home Again
To show appreciation for the commitment and sacrifices made by Maine’s veterans, MaineHousing offers qualified active duty and retired military personnel a 0.25% discount to the already low First Home Loan program’s 30-year fixed interest rate. Available to veterans who are first-time homebuyers or who previously owned a home (first-time homebuyer requirement is waived).

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Pre-1976 Mobile Home Replacement Initiative
MaineHousing’s Pre-1976 Mobile Home Replacement Initiative provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new ENERGY STAR ^® certified manufactured home.

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Disaster Assistance Loan Programs
MaineHousing offers low-interest home-repair loans and home-replacement mortgages to homeowners whose homes have been damaged or destroyed in a declared natural disaster.

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Indian Housing Mortgage Insurance Program
The Indian Housing Mortgage Insurance Program is a mortgage insurance program for homes located on tribal land. This program provides a loan guarantee to lenders who finance homes on tribal land where the restrictions on ownership prevent lenders from holding a mortgage on the property.