Article Title: Maine Home Lending Programs

• 🏠 Mortgage Loans for First-Time Buyers in Maine

  MaineStream Finance offers home loans for first-time buyers across Maine, even if your credit isn’t perfect. We provide 30-year adjustable-rate mortgages with fewer credit restrictions and no private mortgage insurance (PMI) required.

  These loans are ideal for moderate-income households or those rebuilding financial health.

  📝 Take our quick Loan Readiness Survey to get started:

  Take Loan Readiness Survey

• 🚚 Manufactured & Mobile Home Loans in Maine

  Finance a Manufactured or Mobile Home in Maine

  Looking for affordable housing but struggling to qualify for traditional mortgages? MaineStream Finance offers financing for manufactured and mobile homes in Maine, providing an alternative path to homeownership for families with limited or recovering credit.

  Why choose a manufactured home loan? These loans can be more accessible than conventional options and often come with lower upfront costs. In addition, they’re a great fit for buyers who need a second chance or are looking for a smaller footprint.

  Click here to learn more about manufactured home loans and explore eligibility and application details.

• 💰 Down Payment Assistance Loans in Maine

  Get Help with Your Down Payment or Closing Costs

  If saving for a down payment feels out of reach, you’re not alone. MaineStream Finance offers down payment assistance loans in Maine to help you cover upfront costs and move into your new home sooner.

  These loans are structured as second mortgages with a 15-year fixed rate—designed to support qualified buyers who need a financial boost to complete their purchase.

  In addition to helping with down payments, funds may also be used for closing costs. Learn more about how to qualify and apply today.

• ♻️ Mortgage Refinancing Options in Maine

  Lower Monthly Payments or Access Equity Through Refinancing

  If you’re already a homeowner, mortgage refinancing in Maine can help you reduce monthly payments, consolidate debt, or cover major home repairs. MaineStream Finance offers refinancing options tailored to individuals and families who may not meet conventional lending requirements.

  What’s included? Refinanced loans through MSF require that property taxes and homeowner insurance be escrowed with your monthly payments—ensuring predictable costs and peace of mind.

  Whether you’re restructuring your mortgage or unlocking equity, we can help you explore the right refinancing path.

• 🏡 Additional Housing Support from Penquis

  Explore Supportive Services Beyond Lending

  If you’re not quite ready to apply for a home loan, that’s okay. You can meet with a certified Housing Counselor through MaineStream Finance to create a personalized plan, improve your credit, and work toward homeownership at your own pace. Click here to connect with a Housing Counselor.

  As a division of Penquis, MaineStream Finance partners with a wide range of housing and financial assistance programs for low- and moderate-income residents in Maine. These include:

  • Rental Apartments
  • Home Repair
  • Home Replacement
  • Lead and Radon Testing
  • Weatherization Assistance

  Additionally, you may qualify for a Family Development Account (FDA)—a matched savings program to help you build funds for your down payment.

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