Maine First Time Homebuyer Resources
Posted on January 2, 2007
Did you know Maine has a great first time home buyer program for qualifying parties. With a current interest rate between 5.3 and 5.6%, the ability to receive a $4000 credit for closing costs by taking a weekend maine real estate home buying course, and needing only to put 3% of your own money down. Income limits to qualify are:
Income Limits
| Portland/ So. Portland MSA* |
All Other Counties | |
| 1-2 person | $65,350 | $55,600 |
| 3 or more | $75,150 | $63,940 |
*includes Cumberland, Sagadahoc, and York Counties
Purchase price limits:
| Portland/ So. Portland MSA* |
All Other Counties | |
| 1-unit | $294,750 | $204,432 |
| 2-unit | $331,981 | $261,701 |
| 3-unit | $403,342 | $316,327 |
| 4-unit | $465,395 | $393,120 |
*includes Cumberland, Sagadahoc, and York Counties
Sign up here for a Maine real estate first time homebuyer packet
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