HOMEBUYER PROGRAMS

MaineHousing provides low fixed rate mortgages and other assistance to help make homeownership affordable for more Maine people. No point and low point options are available. There are options with little or no down payment required, though if you still need help with the cash needed for closing, we also offer down payment and closing cost assistance. MaineHousing mortgages even come with payment protection for unemployment.

First Home Program

A First Home Loan from MaineHousing is the most affordable way to buy your first home or return to home ownership.

Current Interest Rates

Low fixed interest rates with no point and low point options. MaineHousing’s low interest rates can save our average homebuyer thousands of dollars over the full term of the loan.

Find A Participating Lender

Call one of the MaineHousing Approved Lenders below to apply for a First Home Loan or Salute ME Loan mortgage.

PROGRAMS

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First Home Loan Program
The First Home Loan Program provides low fixed rate mortgages to people who have not owned homes in the last three years. No point and low point options are available. Although income limits apply, most Maine households are income-eligible for the program. First Home Loan mortgages also offer payment protection for eligible borrowers who lose their jobs.

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First Generation Program
The First Generation Program is a mortgage program for borrowers who have never lived in a home owned by their biological parents or legal guardians. The program is also available to borrowers who have been in foster care at some point in their childhood. This program makes it easier and more affordable to buy a home of your own by providing a low fixed interest rate mortgage, down payment and closing costs assistance, and education classes that offer valuable information to help you become a successful long-term homeowner.

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Salute ME & Salute Home Again
To show appreciation for the commitment and sacrifices made by Maine’s veterans, MaineHousing offers qualified active duty and retired military personnel a 0.50% discount to the already low First Home Loan program’s 30-year fixed interest rate. Available to veterans who are first-time homebuyers or who previously owned a home (first-time homebuyer requirement is waived).

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Pre-1976 Mobile Home Replacement Initiative
MaineHousing’s Pre-1976 Mobile Home Replacement Initiative provides income-eligible Maine residents with an opportunity to replace the pre-1976 mobile home they own and occupy as their primary residence with a new ENERGY STAR ^® certified manufactured home.