Who is eligible
First-time homebuyers (people who have not had
an ownership interest in their home during the
last three years).
Qualified active duty, veterans, and retired
military. (Exempt from three year ownership
interest requirement. Call for details.)
Current or former owners of unattached mobile
homes on leased land.
People who qualify based on credit score and
lender criteria.
While income limits and purchase price limits apply,
most Maine homebuyers are income eligible and
most Maine homes are price eligible. To check
income and purchase price limits, see
mainehousing.org/firsthomelimits.
How to apply
All MaineHousing-approved lenders are designated
as First Home Lenders.
Contact a participating First Home Lender to see
if you qualify.
For a list of participating lenders, see
mainehousing.org/mainehousinglenders.
Homebuyer Education
A hoMEworks-approved homebuyer education
class is a great way to learn about all aspects of
financing and buying a new home, and is
required if you use the Advantage down payment
and closing cost assistance.
News regarding recapture
Recapture is a federal tax assessed by the U.S.
Internal Revenue Service at tax time only if the
homebuyer (1) sells within nine years of purchase, and
(2) makes a profit, and (3) has experienced a
substantial increase in income. Upon the sale of their
homes, the vast majority of MaineHousing borrowers
are not subject to recapture tax at all.
Important note about recapture tax reimbursement:
MaineHousing will reimburse borrowers for any tax paid
to the IRS for loans closed on or after January 1, 2013.
This eases most concerns homebuyers may have about
the possible cost of recapture tax. For more details,
see mainehousing.org/recapture.
Did you know that MaineHousing has
No asset limits?
No required seller points?
Low 30-year fixed interest rates?
Financing for manufactured homes?
207-626-4600 | 1-800-452-4668
Fax 207-626-4652 | Maine Relay 711
mainehousing.org
Maine State Housing Authority (“MaineHousing”) does not discriminate on the
basis of race, color, religion, sex, sexual orientation, gender identity or expression,
national origin, ancestry, physical or mental disability, age, familial status or
receipt of public assistance in the admission or access to or treatment in its
programs and activities. In employment, MaineHousing does not discriminate
on the basis of race, color, religion, sex, sexual orientation, gender identity or
expression, national origin, ancestry, age, physical or mental disability or genetic
information. MaineHousing will provide appropriate communication auxiliary
aids and services upon sufficient notice. MaineHousing will also provide this
document in alternative formats upon sufficient notice. MaineHousing has
designated the following person responsible for coordinating compliance with
applicable federal and state nondiscrimination requirements and addressing
grievances: Lauren Bustard, Maine State Housing Authority, 26 Edison Drive,
Augusta, Maine 04330, Telephone Number 1-800-452-4668 (voice in state
only), (207) 626-4600 (voice) or Maine Relay 711.
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