Down payment assistance in Maine

$5,000 (Multi-Unit Advantage: $8,000 for two units, $11,000 for three, $14,000 for four)

Assistance toward cash needed for closing, paired with a MaineHousing First Home Loan. MaineHousing says Advantage does not increase the loan amount, creates no second mortgage and has no rate add-on; the Advantage rate option is the 0-point First Home rate. Funded by the state HOME Fund.

Who qualifies: First Home Loan requirements apply (first-time homebuyer rules, income and purchase price limits). hoMEworks-approved homebuyer education before closing. Minimum borrower contribution of 1% of the loan amount (may be a gift; the class fee counts).

MaineHousing · Agency website → · Checked 2026-09-30

$10,000

A $10,000 grant credited at closing, paired with a First Generation mortgage at an interest rate 1% below MaineHousing's regular First Home base rate. Earned by completing both a financial literacy class and a homebuyer education class.

Who qualifies: True first-time homebuyers (no previous ownership interest in a principal residence) who never lived in a home owned by their biological parents or legal guardians, or who spent time in foster care. Same income and price limits as the First Home Loan program. MaineHousing-approved financial literacy and homebuyer education classes.

MaineHousing · Agency website → · Checked 2026-09-30