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Homebuyer Assistance Loan Program

The program's purpose is to provide financial assistance to home buyers.

Eligible Activity

Down payment and closing costs assistance

Applicant Eligibility

Program participants must have an income at or below 80% of the median family income (MFI) for the Lewiston area, with a minimum household income of $25,000, or $20,000 if the first mortgage is financed by USDA Rural Development as a subsidized interest loan. First-time home buyers are defined as those persons who have not owned a home within the last three years.

Program Summary
  • Can only be used for purchase of a single family home as primary residence in Lewiston
  • Must be credit worthy and able to obtain primary conventional financing
  • Participate in HOME Savings Account for down payment and closing costs that will provide $2 of HOME funds for every $1 of participant savings up to $5,250 of HOME funds     
  • Additional funds of up to $15,000 for closing cost is available at 0% interest for up to 40 years based on household income
  • Recapture provision of HOME funds if home in not occupied as principal residence based on the following:
    • 5 years if total of HOME funds is less than $15,000
    • 10 years if total HOME funds are between $15,000 and $40,000

Additional Resources

View more detailed information concerning housing programs:

27 Pine Street
Lewiston, ME 04240
Ph: (207) 513-3000
TTY/TDD: (207) 513-3007
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