For those utilizing a MaineHousing First Home, Salute ME or Mobile Home Self-Insured Home Mortgage, Advantage Down Payment and Closing Cost Assistance offers $3,500 to be used for the down payment, closing costs, or other eligible items associated with a home purchase.
The applicant must be able to put forth at least 1% of the first mortgage amount towards the home purchase. However, this amount can be from gift funds.
Homebuyer education must be finished before closing can occur. Income and purchase limits apply.
Other programs in Maine:
- Pre-1976 Mobile Home Replacement Initiative
- Purchase Plus Improvement Program
- Auburn HOMEbuyer Program