Current Interest Rates

First Home Loan
0 pts with Advantage

First Home Loan
0 pts (no Advantage)

First Home Loan
2 pts (no Advantage)

First Generation
0 pts

First Generation MHSI
0 pts

Salute ME
0 pts with Advantage

Salute ME MHSI
0 pts with Advantage

Includes single wide and double wide mobile homes on owned or leased land.

Mobile Home Self-Insured (MHSI)
0 pts with Advantage

Includes single wide and double wide mobile homes on owned or leased land.

Mobile Home Self-Insured (MHSI)
0 pts (no Advantage)

Includes single wide and double wide mobile homes on owned or leased land.

Mobile Home Self-Insured (MHSI)
2 pts (No Advantage)

Includes single wide and double wide mobile homes on owned or leased land.

• View All Interest Rates - Current MaineHousing Rate Sheet

Advantage - Down Payment and Closing Cost Assistance
Advantage can provide $5,000 toward the cash you need for closing. Applicants choosing Advantage also must take a hoMEworks approved homebuyer education class prior to closing and must make a minimum borrower contribution of 1% of the loan. The cost of the homebuyer education class counts towards the 1%.

Mobile Homes
Eligible properties are 20 years or newer single and double wide mobile homes on owned or leased land. Loan term will be 20, 25, or 30 years depending on the age of the mobile home.

Annual Percentage Rate (APR)
Annual Percentage Rate (APR) is the cost of credit stated as a yearly rate. The APR calculation is based on a $100,000 loan for a 30-year term, and includes points and mortgage insurance fees collected on a Federal Housing Authority Loan. The actual APR may be higher depending on additional mortgage loan fees the participating lender charges the borrower.

Monthly Payment Factor
Multiply the Monthly Payment Factor by the number of $1,000’s in your loan to get the estimated principal and interest payment. Your actual monthly payment will include escrowed property taxes and insurances and therefore will be higher.