MaineHousing First Home Loan Program
Funding status: Active
How much assistance
Low fixed-rate 30-year mortgage with little or no down payment (Deferred Loan)
Eligibility
- Income limits: Varies by household size and county; ranges from $97,900 to $146,625
- First-time buyer required: Yes — Must not have had an ownership interest in a home during the past 3 years.
- Credit score minimum: 640
- Geographic restrictions: Must purchase within the state of Maine.
- Homebuyer education required: Yes
How to Apply for MaineHousing First Home Loan Program
Step 1: Apply through one of MaineHousing's 40+ approved First Home Lenders. Complete a hoMEworks-approved homebuyer education class.
Notes
Includes payment protection for unemployment through Maine HOPE program. Can be combined with Advantage or First Generation options. Purchase price limits vary by county.