Four Directions Development Corporation Down Payment Assistance

Four Directions Development Corporation Down Payment Assistance is a grant for homebuyers in Orono, Maine, administered by Four Directions Development Corporation (Native CDFI). Four Directions Development Corporation (FDDC), a Native CDFI in Orono serving members of Maine's Wabanaki tribes (Passamaquoddy, Penobscot, Maliseet, Mi'kmaq), provides $5,000 in down payment assistance to eligible Native Americans in Maine for a home purchase, on or off reservation. Availability depends on funding. $5,000 toward down payment for eligible Native American homebuyers. On- or off-reservation. Pairs with FDDC residential mortgage products.

Four Directions Development Corporation Down Payment Assistance offers between $5,000 and $5,000 in assistance. Amounts are the program's published maximums, not an offer — Four Directions Development Corporation (Native CDFI) determines any individual award.

Four Directions Development Corporation Down Payment Assistance is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Four Directions Development Corporation Down Payment Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through 8-hour First-Time Homebuyer Education workshop (hoMEworks / mainehomeworks.org) prior to closing. Exclusive to eligible Native Americans in Maine (Passamaquoddy, Penobscot, Maliseet, Mi'kmaq). Income at/below 100% NAHASDA median; 8-hour homebuyer education before closing; availability subject to funding.

Four Directions Development Corporation Down Payment Assistance limits household income to 100% of the area median income, which varies by county and household size. Applicant income at/below 100% of current NAHASDA median household guidelines. Specific dollar limits follow NAHASDA/HUD median income data (not separately tabulated on page). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Four Directions Development Corporation Down Payment Assistance can be used for Single Family. New construction is not eligible.

Four Directions Development Corporation Down Payment Assistance names American Indian and Alaska Native homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Four Directions Development Corporation Down Payment Assistance serves homebuyers purchasing in Orono, Maine.

Applications for Four Directions Development Corporation Down Payment Assistance go through Four Directions Development Corporation (Native CDFI), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.