Get Financial Assistance For Your Down Payment
If you’re looking for down payment assistance in Maine, help is available. The Maine State Housing Authority (MSHA) offers $3,500 in assistance for first time property purchasers who need help coming up with the funds for the down payment.
From the Maine State Housing Authority website:
Get $3,500 Advantage towards down payment & closing costs.**A First Home Loan from MaineHousing is the most affordable way to buy your first home or return to home ownership.
Our First Home Loan is available through our Green Key Lenders — banks, credit unions, and mortgage companies you already know.FIND A GREEN KEY LENDER NEAR YOU**The $3,500 Advantage towards down payment and closing costs is included with the rate. A hoMEworks homebuyer education class is required to receive the $3,500 Advantage.
To get complete program details and to get the application process started, visit MaineHousing.org.
More Maine Down Payment Assistance
In addition to this statewide DPA program, you should also check to see if there are additional local first time home buyer programs offered in Maine that provide additional help which can be applied toward your down payment.