The Maine Association of REALTORS Foundation is now offering Live Where You Work loans for down payments and closing costs - loans of up to $5,000 at an interest rate of 0% (APR 0%), to families earning up to 100% of the area median income, moving more than 30 miles closer to their employment.
As a result of a grant from the National Association of REALTORS Ira Gribin Workforce Housing Grants program, the MAR FOUNDATION is offering this NEW PROGRAM . Live Where You Work! Downpayment / Closing Cost 0% Loans Available for Commuters. The loans are available for current home owners or first-time buyers. Primary local Maine lenders participating in the program include Androscoggin Bank, Gorham Savings Bank, Kennebec Savings Bank, Machias Savings Bank, and The First, N.A.
Loan applications are available from the Maine Association of REALTORS Foundation at http://marfoundation.org and the primary lenders listed above.
A special thank you to NAR and MAR for continuing to provide a variety of programs to help the housing market and 'us Mainer Commuters' .