MaineHousing Advantage Down Payment Program:
Extra help is available for people who get a mortgage through one of the MaineHousing loan programs.
Borrowers may be eligible for up to $5,000 in cash to use towards their down payment, closing costs, and any prepaid escrow expenses
The assistance comes as a grant, not a second mortgage. However, borrowers might need to repay the funds if the home is sold or refinanced
Borrowers must contribute at least 1% of the loan amount to the home purchase, but this contribution can come from gift funds
Homebuyers are required to complete a home buyer education class to qualify