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Get Matched Free →Katahdin Trust Equity Builder Program
Funding status: Active
How much assistance
Up to $25,000 in grant funds for down payment, closing costs, and interest rate reduction
Grant funds are due only if the property is sold within the first 5 years of homeownership. No interest accrues on the grant.
Eligibility
- Income limits: Household income at or below 80% of HUD Area Median Income based on property location
- First-time buyer required: Yes —
- Geographic restrictions: Available at Katahdin Trust branch locations throughout Maine, including Scarborough, greater Bangor, and northern Maine.
- Homebuyer education required: Yes
How to Apply for Katahdin Trust Equity Builder Program
Contact a Katahdin Trust lender to apply. Grant funds are available on a first-come, first-served basis. First-time homebuyers must complete a homebuyer education/counseling program. Property insurance is required.
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