First-Time Homebuyer Programs in Maine

Maine offers several homebuyer assistance programs through MaineHousing, the state housing finance agency. The First Home Loan Program provides low fixed-rate mortgages with the Advantage option offering $5,000 in down payment and closing cost assistance. The First Generation Program provides a $10,000 grant plus a reduced interest rate for borrowers whose parents never owned a home. Veterans can access the Salute ME program for a 0.50% rate discount on MaineHousing mortgages.