Maine First Generation Homebuyer Program
MaineHousing
Program Overview
A groundbreaking program designed to break the cycle of housing instability for those who've never experienced homeownership in their family. Provides enhanced DPA of $10,000 in down payment and closing cost assistance. Features same below-market First Home Loan rates, required homebuyer education for long-term success, and Maine HOPE unemployment protection. Specifically designed to help you become the first homeowner in your family, breaking generational housing barriers and building wealth for future generations.
Eligibility Requirements
• Never lived in a home owned by biological parents or legal guardians, OR\n• Been in foster care at any point in childhood\n• Must be combined with First Home Loan
Additional Requirements
• Documentation of first-generation status or foster care history\n• Complete homebuyer education\n• First Home Loan mortgage required
How to Apply
1. Verify eligibility (never lived in parent-owned home OR foster care history)\n2. Gather documentation of first-generation status\n3. Complete homebuyer education course\n4. Apply for First Home Loan with First Generation Program\n5. Provide eligibility documentation to lender\n6. Receive $10,000 assistance at closing