Couple sitting with a loan officer and text saying, "Borrow up to 100% of purchase price"

First Time Home Buyers

Borrow up to 100% of purchase price
  • 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! Our Community
    Bankers are 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.

Apply for a home loan or home equity online!

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What will you need to get started?

A woman looking off into the distance, next to a "House For Sale" sign
We've got you covered! Visit our 'Your Home Loan Center' for an easy step-by-step overview on what you will need to provide to apply for a home loan, the application process and more.