The Tax Credit for First Time Buyers is Gone, Right?
Yes, contracts had to be signed by April 30th for the Federal Tax credit, but Maine still has Gift of Green money available. The Maine State Housing Authority is offering eligible borrowers who use a MaineHousing mortgage:
- A grant of $2500 to help with the cash needed for closing, such as any required down payment, closing costs, and prepaids.
- A coupon worth up to $500 for a 2-part home energy audit.
The Gift of Green really is a gift - it will not be added to the loan amount and does not need to be paid back. Not all lenders participate, check with me to see if who offers the programs and whether or not you are eligible.
For more information, check out MaineHouseValues.com