MaineStream Finance Homebuyer Programs

Administered by: MaineStream Finance (Penquis) · Nonprofit · Deferred Loan

Funding status: Active

How much assistance

Mortgage loans, down payment assistance, and closing cost assistance for buyers who may not qualify through traditional lenders (Deferred Loan)

Eligibility

  • Income limits: Serves low- to moderate-income households
  • First-time buyer required: No
  • Geographic restrictions: Statewide in Maine, headquartered in Bangor
  • Homebuyer education required: Yes

How to Apply for MaineStream Finance Homebuyer Programs

Step 1: Contact MaineStream Finance at (207) 974-2403 or visit 262 Harlow Street, Bangor, ME 04402. Complete a hoMEworks homebuyer education course through Penquis. MaineStream offers home loans even if your credit is not perfect, with flexible terms, reduced closing costs, and no PMI.

Visit program website

Notes

MaineStream Finance is a nonprofit CDFI and wholly-owned subsidiary of Penquis, Maine's largest community action agency. HUD-certified housing counseling agency. Offers 15-year fixed-rate second mortgages for down payment assistance. Also provides financial coaching, budget advising, and post-purchase counseling.

Cities Where This Program Is Available