Happy belated Memorial Day and beginning of another wonderful Maine summer! If you are a Maine resident in the process of buying, selling or improving a residential property in the near future, then the Maine State Housing Authority is an excellent resource available to assist you.
Let’s review a few of the many programs available to qualified Maine residents.
One of the more exciting programs offered by MaineHousing is the First Home Loan Program. Qualified first-time buyers can enjoy a low interest rate mortgage and a $3500 credit towards closing costs with little or no money down. MaineHousing also offers many programs to assist homeowners with home improvement needs by providing grants or low-cost loans for health and safety related repairs and improvements. This may include electrical and structural repairs. The Veteran Home loan program provides very favorable interest rates to all active, reserve or retired Maine Veterans.
The Energy Assistance program provides much needed energy assistance for qualified households. This may come in the form of energy improvements such as new insulation, a new heating system or in some cases paying electrical bills.
These are just some of the programs that MaineHousing offers to qualified Maine residents. I hope you visit the MaineHousing website at MaineHousing.org or reach out to them at 1-800-452-4668 to learn more, there may be a program for you.
Article written by Kevin Ronan, Associate Broker, Alliance Realty.
If you have any questions or need any assistance with your real estate needs please contact Kevin: Alliance Realty 290 Bridgton Road in Westbrook. Kronan388@gmail.com, 207-838-4855.