Maine homebuyers can access up to $5,000 in down payment assistance through the MaineHousing. On the state's $388,200 median home price, that covers roughly 6% of a standard 20% down payment.
Primary Program: Advantage Down Payment Grant
maximum assistance
True grant — no repayment ever. This money does not need to be paid back under any circumstances.
- Administering Agency
- MaineHousing
- Purchase Price Cap
- $481,176
- Repayment Required
- N/A — this is a true grant.
How Down Payment Assistance Works
Most state DPA programs are layered on top of a first mortgage — you apply through an approved lender who originates both the primary loan and the DPA second lien at the same closing. The DPA funds reduce the cash you need upfront.
Grants
Free money — no repayment ever. Typically the smallest amounts but highest value.
Forgivable Loans
Balance forgiven after a set period (usually 3–15 years) if you stay in the home. Selling early triggers repayment.
Deferred Loans
No monthly payments. Balance due when you sell, refinance, or pay off your mortgage.
Down Payment Calculator
Down Payment Planner
Maine median pre-loaded
Your Savings Plan
Timeline
13.0 yrs
saving $500/mo
No PMI at 20% down
20% or more avoids private mortgage insurance entirely.
Estimate only — does not include investment returns on savings.
Full Calculator →Frequently Asked Questions
What down payment assistance is available in Maine?
Maine's primary DPA program is the Advantage Down Payment Grant, administered by the MaineHousing. It provides up to $5,000 as a grant. True grant — no repayment ever. This money does not need to be paid back under any circumstances.
How much down payment do I need in Maine after using DPA?
On a $388,200 home (Maine median), a 20% down payment is $77,640. With the Advantage Down Payment Grant covering $5,000, your remaining gap would be $72,640. Many buyers combine DPA with a 3–5% conventional or FHA loan to reduce their cash needed further.
Do I have to repay Maine down payment assistance?
True grant — no repayment ever. This money does not need to be paid back under any circumstances.
Can I combine Maine DPA with other assistance programs?
Yes — Maine's DPA programs can generally be combined ("stacked") with local city and county assistance programs, employer homebuyer benefits, and federal programs. Check with an approved lender or HUD-approved counselor to identify all programs you qualify for.
What are the income limits for Maine down payment assistance?
The Advantage Down Payment Grant uses a dollar-based income limit rather than a percentage of AMI. Check the MaineHousing website for current limits in your area.
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