Lewiston-Auburn Homebuyer Loan Program
Funding status: Active
How much assistance
2:1 matched savings; half as grant, half as 0% forgivable loan (Forgivable Loan)
Forgivable loan portion forgiven after 5 years if city contribution is less than $15,000, or 10 years if between $15,000 and $40,000. No monthly payments and 0% interest.
Eligibility
- Income limits: At or below 80% of Area Median Income
- First-time buyer required: No
- Geographic restrictions: City of Lewiston and City of Auburn, Maine
- Homebuyer education required: No
How to Apply for Lewiston-Auburn Homebuyer Loan Program
Step 1: Open a savings account with the city and contribute at least $25 per month for a minimum of 6 months and up to 3 years. The city matches $2 for every $1 saved. Contact the Lewiston Economic and Community Development office at ECDevelopment@lewistonmaine.gov.
Notes
Joint program between Lewiston and Auburn. All funds must go toward down payment. The longer you save, the more matched funds you receive. Half of the city contribution is an outright grant; the other half is a 0% forgivable loan.