Maine down payment assistance, deep-checked against current state program sources.
A current inventory of state-run and state-administered assistance in Maine, plus national DPA options. Funding and rate sheets can still change after this review date.
Reviewed September 11, 2026 • Joshua Dobson, NMLS #190260
Quick comparison
| Program | Potential assistance | Published min. FICO | Repayment/Forgiveness | Biggest catch |
|---|---|---|---|---|
| MaineHousing Advantage | $5,000 | program specific | Closing/down-payment assistance without a separate second mortgage under current First Home Loan terms | Homebuyer education and borrower contribution requirements apply. |
| MaineHousing Multi-Unit Advantage | $8,000 for 2-unit; $11,000 for 3-unit; $14,000 for 4-unit properties | program specific | Assistance under MaineHousing First Home Loan multi-unit option | Landlord plus homebuyer education and minimum contribution rules apply. |
| MaineHousing First Generation | $10,000 | program specific | Down-payment/closing-cost assistance under First Generation program | Financial literacy, homebuyer education and 1% contribution requirements apply. |
MaineHousing Advantage
MaineHousing Advantage is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: program specific
MaineHousing Multi-Unit Advantage
MaineHousing Multi-Unit Advantage is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: program specific
MaineHousing First Generation
MaineHousing First Generation is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: program specific
National programs Maine buyers should also check
National Homebuyers Fund
NHF multi-state assistance may be available through participating lenders. Current lender/product terms control credit, pricing, assistance and repayment or forgiveness.
Published minimum FICO: product/lender specific
Chenoa Fund
Chenoa Fund provides FHA down-payment assistance through approved lender partners. Current matrices control credit, pricing and second-mortgage terms.
Published minimum FICO: product/lender specific
Maine's biggest DPA lesson
Maine currently offers standard Advantage, enhanced Multi-Unit Advantage and a separate First Generation assistance benefit. V25 lists each because the amount and target borrower differ materially.
Let Josh compare the available programs.
Send the city/ZIP, purchase price, credit range, household income and first-time-buyer status.