Released: Apr 11, 2022
AUGUSTA – MaineHousing is pleased to announce it will increase its Advantage down payment assistance grant available to first time homebuyers from $3,500 to $5,000. The increase will add to the savings of hopeful first-time homebuyers to help overcome one of the biggest hurdlest to securing financing for a mortgage.
“MaineHousing remains committed to keeping our interest rates as low as possible to help as many Mainers as we can find the route to home ownership,” said MaineHousing Director Daniel Brennan. “We are hopeful our low rates combined with increasing down payment assistance will be the key to that first home for many Mainers.”
As always rates are subject to daily changes based on market conditions.