Maine First Time Homebuyer Requirements. Find your own happy place. Up to five acres of land allowed.
Prospective homebuyers and mainehousing loan applicants can register in person, by telephone, email or online for a homebuyer education course at one of the participating education providers. Many people who can afford the monthly mortgage payments and have reasonable credit will qualify. Discover the story of the slomas’ journey from alaska to a new maine home with the help of mainehousing first home loan.
Applicants who complete the class will be provided with a certificate to verify that they have satisfied the education requirement for mortgage programs.
You also must have at least a 3% down payment; Complete a home buyer education class to receive down payment or closing cost assistance. For example, in portland, maine, where the median income is $60,000, home buyers must earn $72,000 per year or less to claim their cash down payment grant. If unable to attend a face to face training, borrower must take the buyers ed online homebuyer course on the mgic website at readynest.com.
