Maine statewide grants & funding programs

The Auburn–Lewiston Consortium Homebuyer Loan Program uses HOME funds to pair matched savings with a long-term, interest-free loan so low- and moderate-income buyers can afford market-rate homes in either city while meeting strict affordability and occupancy standards.

Eligible for: Low- and moderate-income households with income below 80% of area median who have minimum household income of $25,000 (or $20,000 with USDA …

Bangor’s Homeownership Program provides flexible financial assistance to low- and moderate-income residents, allowing funds to be applied toward down payment, closing costs, principal reduction and interest-rate buydown so that first-time buyers can afford to purchase, build or rehabilitate a home in the city.

Eligible for: Low- to moderate-income Bangor households purchasing, building or rehabilitating a home in the city, with at least one applicant qualifying …

Caribou’s Section 8 HCV Homeownership Program lets eligible voucher holders convert their rental subsidy into support for a mortgage payment, creating a path from renting to owning for low-income families who can save a modest down payment and complete homebuyer education.

Eligible for: Section 8 Housing Choice Voucher recipients in Caribou who are in good standing for at least the prior year, do not owe money to any housing…

MaineHousing’s First Generation Pilot Program targets households whose families have never owned a home, combining a discounted First Home Loan interest rate with a $10,000 grant to bridge down payment and closing cost barriers.

Eligible for: All borrowers must be true first-time homebuyers with no prior ownership interest in a principal residence anywhere; in addition, at least o…

MaineHousing’s flagship First Home Loan Program offers low fixed-rate mortgages for Maine first-time buyers, with little or no down payment required and an optional $5,000 Advantage grant to cover closing costs and up-front cash needs.

Eligible for: Primarily first-time homebuyers (no ownership in a principal residence in the last 3 years) with minimum 640 credit score, within MaineHousi…