Get Up to $15,000 in Downpayment and Closing Cost Assistance in 2021

Get into your dream home!

Get Up to $15,000 in Downpayment and Closing Cost Assistance in 2021

Get into your dream home!

Since the establishment of the Equity Builder Program (EBP) in 2016, Maine Savings members have received over $200,000 in assistance for downpayment and closing costs. The program helps bridge the gap for home buyers who are close to being able to buy a home, but who may need a little bit of help. FUNDS ARE NOW AVAILABLE! Contact one of our Loan Officers now for more information.

About the Equity Builder Program:

To be eligible, you must meet income level requirements*

  • Recipients must attend homebuyer education/counseling program.
  • Limited time program—grant funds are first-come, first-served.
  • You can use this program with the CU Promise 90 loan!
  • Maine Savings will reimburse appraisal costs for loans closed with this EBP.

*Buyers eligible to receive assistance through the EBP are individuals and households earning no more than 80 percent of the area median income, based on their future address. To be eligible to receive assistance through the EBP, buyers must complete a home-buyer counseling program administered by an agency designated by the EBP-approved member financial institution. The program must include pre- and post-purchase counseling. Interest would not accrue on the grant and the proceeds would only be due if the property is sold within the first five years of home ownership. May not be combined with any other type of down payment programs.

BRANCH INFORMATION