MaineHousing First Home Loan: Your Path to Affordable Homeownership

Are you dreaming of owning your first home in the picturesque state of Maine? We understand that achieving this milestone can be both exciting and daunting. KFS Mortgage Company is delighted to be your gateway to affordable homeownership through the MaineHousing First Home Loan Program. 

In this blog, we'll walk you through the incredible benefits of this program and how KFS Mortgage Company can help you make your homeownership dream a reality

Benefits of Financing Your Home Through the MaineHousing First Home Loan Program

The MaineHousing First Home Loan Program benefits first-time homebuyers. Here is what to expect from this program.

  1. Little Downpayment: Say goodbye to large down payments. With this program, you'll have the opportunity to secure homeownership without a significant upfront financial burden. Grant funds may be available by taking a homeownership class. For more information, please visit
  2. Low Fixed-Interest Rate: Enjoy the stability of a low fixed interest rate, ensuring that your monthly payments remain affordable and predictable.
  3. Payment Protection: Life is full of surprises, but your mortgage payments shouldn't be a source of stress. MaineHousing's program offers payment protection, providing you with peace of mind.
  4. Modular and Multi-Unit Financing: Looking for a modular or multi-unit home? You're in luck! This program allows you to finance a wide range of home types.


To qualify for the MaineHousing First Home Loan Program, specific criteria must be met:

  • You have never owned a home or have not held an ownership interest in your principal residence within the last three years.
  • Maintain a minimum credit score of 640.
  • Allocate no more than 30–33% of your income to your monthly mortgage payment.

Also, please note that income limits vary by county, so check the MaineHousing website for specific details. Furthermore, the home you intend to purchase must meet specific qualifications, which can also be found on their website.

Take the First Step

Are you ready to embark on your homeownership journey? We invite you to explore the MaineHousing First Home Loan Program's official website for detailed information. If you have questions or need further assistance, please contact KFS Mortgage Company. As your trusted lender and approved MaineHousing partner, we are here to provide expert guidance and support throughout the entire process. 

Visit our First-Time Homebuyer page for valuable resources and to begin your exciting journey toward home ownership in Maine.