See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 5, 2026
Homebuyer Programs in Windham, ME (2026)
Windham is a growing town in Cumberland County, Maine, located about 15 miles northwest of Portland along the shores of Sebago Lake. With a median home price around $507,000, Windham offers a slightly more affordable alternative to Portland while still sitting in one of Maine's most active housing markets. While Windham does not currently offer a town-funded down payment assistance program, buyers have access to strong state and federal options. The MaineHousing Advantage program provides a $5,000 grant toward down payment and closing costs, and first-generation homebuyers may qualify for a $10,000 grant through the MaineHousing First Generation Program. The MaineHousing First Home Loan offers a low fixed-rate 30-year mortgage with little or no down payment. Locally, Habitat for Humanity of Greater Portland builds affordable homes in Cumberland County, and Avesta Housing's A Path Forward program offers below-market purchases through a community land trust model. By combining state and federal programs, eligible buyers could access $15,000 or more in assistance.
State Programs in Maine
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| MaineHousing Advantage | Grant | $5,000 | Yes | View → |
| MaineHousing First Generation Program | Grant | $10,000 grant plus 1% below-market interest rate | Yes | View → |
| MaineHousing First Home Loan Program | Deferred Loan | Low fixed-rate 30-year mortgage with little or no down payment | Yes | View → |
| MaineHousing Salute ME | Deferred Loan | 0.50% interest rate discount on MaineHousing First Home Loan rate | No | View → |
- Type:
- Grant
- Amount:
- $5,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- $10,000 grant plus 1% below-market interest rate
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Low fixed-rate 30-year mortgage with little or no down payment
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- 0.50% interest rate discount on MaineHousing First Home Loan rate
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Avesta Housing A Path Forward Program | Zero-Interest Loan | Below-market home purchase price through community land trust model | No | View → |
| Habitat for Humanity of Greater Portland Homeownership Program | Deferred Loan | Affordable mortgage to purchase a Habitat-built home | Yes | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Below-market home purchase price through community land trust model
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Affordable mortgage to purchase a Habitat-built home
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. Most MaineHousing programs require that you have not owned a home in the past three years, have a minimum credit score of 640, and meet income limits that vary by household size and county. Most Maine households are income-eligible for MaineHousing programs.
Step 2: Complete homebuyer education. MaineHousing requires an approved hoMEworks homebuyer education course before closing. Avesta Housing offers an eight-hour course taught by HUD-certified counselors for $45 per person. CCFC Maine also provides HUD-certified housing counseling services and can be reached at 207-333-6419. Visit mainehomeworks.org for a full list of approved providers.
Step 3: Contact a MaineHousing-approved lender. MaineHousing works with more than 40 First Home Lenders statewide. Local credit unions serving Windham include Ancorum Credit Union (formerly Five County Credit Union) at 30 Landing Road, Windham, and Evergreen Credit Union.
Step 4: Determine which programs you qualify for. Your lender will help you apply for the MaineHousing First Home Loan and determine if you qualify for the $5,000 Advantage grant or the $10,000 First Generation grant. Veterans should ask about the Salute ME interest rate discount.
Step 5: Explore local affordable homeownership options. Contact Habitat for Humanity of Greater Portland at (207) 772-2151 to learn about affordable homeownership opportunities in Cumberland County. Avesta Housing also offers affordable homeownership through their A Path Forward community land trust program; reach them at (207) 553-7777.
Step 6: Find a home within program guidelines. Work with a real estate agent familiar with the Windham market. MaineHousing sets purchase price limits that vary by county.
Step 7: Submit your application and close. Your lender will process your MaineHousing loan application and coordinate grant funds. The Advantage grant is credited at closing. Plan for a typical closing timeline of 30 to 45 days.
Frequently Asked Questions
How much down payment assistance can I get in Windham?+−
Do I have to be a first-time homebuyer to qualify?+−
What is the maximum home price I can pay?+−
What homebuyer education is required?+−
Are there any local programs specific to Windham?+−
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