Borrow up to 100% of purchase price with a Maine Housing First Home Loan and a Rural Housing Guarantee
Reduced interest rates, Maine Housing First Home Loan rates are often lower than conventional loans
Closing cost assistance, non-repayable grant funds from Maine Housing Advantage credited towards closing costs
Taxes and insurance are added to your monthly payment so you only make one payment to Maine Housing's loan servicer for your housing expense
Borrow up to 95% purchase price on manufactured and mobile homes on purchased or leased land
How do I buy my first home?
Do you qualify for a First Home Loan? If you don’t know, ask us! OurCommunity Bankersare your First Time Home Buyer experts.
A Community Banker will provide you with a ‘Prequalification Letter’ to show realtors, home sellers and manufactured home dealers. This shows you are serious about buying a home and have already been program qualified through a bank.
We can steer you towards Education Opportunities with First Time Home Buyer classes through local community action agencies, and on-line programs. These provide you with great knowledge about the process, and can allow you to be eligible for closing cost assistance.
If it has happened to you, we have seen it. So whether you have no credit or credit which needs rebuilding, we can put you on the right path towards qualification.