MaineHousing Salute ME
Funding status: Active
How much assistance
0.50% interest rate discount on MaineHousing First Home Loan rate (Deferred Loan)
Eligibility
- Income limits: Same as First Home Loan Program; varies by household size and county
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Must purchase within the state of Maine.
- Homebuyer education required: No
How to Apply for MaineHousing Salute ME
Step 1: Apply through a MaineHousing-approved lender. Provide proof of active duty status or honorable discharge. Can be combined with the $5,000 Advantage option (homebuyer education required for Advantage).
Notes
First-time homebuyer requirement is waived for veterans through Salute Home Again. Must be active duty, honorably discharged, or have served 180 days or in a war zone. Can combine with Advantage for $5,000 in closing cost assistance.