First Time Homebuyer Programs in Maine
Page 2

a) Indian Housing Mortgage Insurance Program - This program provides mortgage insurance for property on tribal lands where restrictions on ownership prevent lenders from holding a mortgage on the property. In addition, the program also work towards providing lender loan guarantees for up to 30 years, and enables Native Americans who are building or buying homes on tribal lands to qualify for mortgage loans.

b) First Home Program - This homebuying program is tailored to assist first time homebuyers in the process of procuring a new home with little or no downpayment. This program is also equipped with a sudden unemployment protection feature.

c) Operation New Home Program - This provides low fixed rate mortgages to help veterans and active duty military buy homes even if they are not first time homebuyers. This program also offers mortgage options with no point, low points, and little or no down payment.

d) Disaster Assistance Loan Program - This program offers low-interest home-repair loans and home-replacement mortgages to homeowners whose homes have been damaged or destroyed in a declared natural disaster.

First Time Homebuyer Programs in Maine
  Back to Page 1

About The Author The TopGovernmentGrants Editorial Staff maintains one the most comprehensive Websites offering information on government grants and federal government programs. The staff also provides resources to other Websites with information on health grants and environmental grants.

Additional Resources

category - Home Buying Programs

Construction Incentive Program for First Time Home Buyers in New York
Under the State of New York Mortgage Agency, the Construction Incentive Program has been established. The goal of this program is to enable the construction of one and two family homes through the provision of funds, up to 97% of the value of the property, to eligible low to moderate income first time home buyers.

---

California Homebuyer's Downpayment Assistance Program for First Time Home Buyers
The California Homebuyer's Downpayment Assistance Program is a deferred payment junior loan that can be used in conjunction with other CalHFA housing programs. It provides borrowers with funds amounting to 3% of the actual value of the property that they wish to inquire in order to cover the downpayment costs.

---

Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
In accordance with this mission, the Connecticut Housing Finance Authority has established the Urban Rehabilitation Homeownership Program wherein it intends to home purchase loans at steady, below-market rates together with home improvement loans with no interest, all in an attempt to support homeownership and investment in selected Connecticut neighborhoods.

---

Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

---