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 occupies as their primary residence with a new ENERGY STAR ® certified manufactured home.
The initiative combines an amortizing, interest-bearing MaineHousing mortgage loan with a $35,000 MaineHousing grant requiring a 10-year occupancy compliance period, to be used to help Maine residents with the cost of dismantling and removing the pre-1976 home and purchasing and installing an ENERGY STAR ® certified new home on the same site as their existing home.
Replacement property requirements apply. The new unit:
STEP 1 – Homeownership Status
Own and occupy a pre-1976 mobile home as verified by a Maine licensed professional.
STEP 2 – Household Income
Have an annual household income at or below 80% of the First Home Program income limits. See chart below.
|1-2 person||3 or more|
|Cumberland County: Cape Elizabeth, Casco, Chebeague Island, Cumberland, Falmouth, Freeport, Frye Island, Gorham, Gray, Long Island, North Yarmouth, Portland,Raymond, Scarborough, South Portland, Standish, Westbrook, Windham, Yarmouth|
York County: Buxton, Hollis, Old Orchard Beach
|York/Kittery/So. Berwick HMFA|
|Berwick, Eliot, Kittery, So. Berwick, York||$96,000||$109,800|
|Cumberland County (excluding HMFA)||$75,950||$86,710|
|York County (excluding HMFA)||$77,360||$88,360|
|All Other Counties||$71,840||$82,000|
STEP 3 – First Home Program Eligibility
Applicants must be eligible to receive a MaineHousing first-lien mortgage loan, and understand that the grant requires a 10-year occupancy requirement evidenced by a deferred, forgivable Note and Mortgage. The First-Time Homebuyer requirement is waived.
STEP 4 – Purchase Price Limits
Acquisition cost limit is $250,000 for all areas.
As an option under the First Home Program, MaineHousing’s Pre-1976 Mobile Home Replacement Initiative is offered by more than 40 lending institutions statewide. Contact a MaineHousing Lender in your area.
For further information see related information at the top right of the page or contact: