First Generation Program

First Generation Program是面向Statewide，Maine购房者的可免除贷款。 MaineHousing's First Generation Program: up to $10,000 forgivable second-mortgage DPA for first-generation homebuyers (parents/grandparents have not owned in past 7 years, or borrower aged out of foster care). Pairs with First Home Loan first mortgage and standard $5,000 Advantage DPA for combined up-to-$15,000 assistance. 5-year forgiveness. 640 FICO. Statewide. MaineHousing's First Generation Program provides up to $10,000 in additional down-payment / closing-cost assistance on top of MaineHousing's standard $5,000 Advantage DPA second mortgage - for combined assistance of up to $15,000. The program is designed to address the inter-generational wealth gap by helping first-generation homebuyers (those whose parents or grandparents have not owned a home in the past 7 years, or borrowers who aged out of foster care) achieve homeownership. The $10,000 First Generation assistance is structured as a 0% interest forgivable second mortgage, forgiven on a pro-rata basis over 5 years of continued owner-occupancy. The program pairs with MaineHousing's First Home Loan first mortgage (30-year fixed FHA, VA, USDA-RD, or HFA conventional) and the standard Advantage DPA option. Borrower must contribute at least $1,000 of own funds. Income and acquisition-cost limits follow MaineHousing's standard First Home Loan limits (statewide income up to $98,900 1-2 person / $113,735 3+ person. targeted/higher-cost county income up to $111,100 1-2 / $149,270 3+. purchase price $525,000 non-targeted to $775,000 targeted). 640 minimum FICO. Homebuyer education (hoMEworks) required. 资金来自State和Bond。

First Generation Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Forgiven pro-rata over 5 years of continued owner-occupancy (1/5 per year). Unforgiven balance due on sale, refinance with cash-out, transfer of title, or non-owner-occupancy before 5 years. No monthly payment. 该援助以3rd Lien顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

First Generation Program面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：First-time homebuyer requirement waived in federally designated targeted census tracts and for qualifying veterans (via SaluteME / Salute Home Again). First-generation requirement (no ownership by parents/grandparents in past 7 years) is the program-defining criterion. 关于信用，该项目说明：640 minimum FICO across all eligible first-mortgage products. 须参加购房者教育课程，由MaineHousing-approved hoMEworks homebuyer education class (in-person or online) required prior to closing.提供。 居住要求：Property must be located in Maine and be the borrower's primary residence. Statewide eligibility. 公民身份或移民身份：U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays. FIRST-GENERATION HOMEBUYER REQUIREMENT: Borrower (and any co-borrower) must qualify as a first-generation homebuyer, defined as: (a) borrower's parents and grandparents have not owned a home within the past 7 years, OR (b) borrower aged out of foster care. At least one borrower must meet the first-generation definition. First-time homebuyer required (no ownership of a primary residence in the past 3 years; waived in federally targeted areas). Owner-occupied primary residence. 640 minimum FICO. Maximum 45% DTI. Borrower must contribute a minimum of $1,000 of own funds. Income at or below MaineHousing First Home Loan limits ($98,900 1-2 person / $113,735 3+ person non-targeted; $111,100 1-2 / $149,270 3+ targeted). Maximum purchase price $525,000 non-targeted / $775,000 targeted/higher-cost county. hoMEworks homebuyer education required. Pairs with First Home Loan first mortgage + Advantage DPA second.

First Generation Program将家庭收入限制在$149,270。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

First Generation Program将房价上限设为$525,000。 符合条件的房屋类型包括Single-family detached, 2-4 unit owner-occupied (per first-mortgage overlays), condominium (project-approved), townhouse, PUD, modular, and manufactured home on permanent foundation (titled as real property和per first-mortgage overlays). 新建房屋符合条件。 预制房屋符合条件。

First Generation Program在其服务群体中提到了第一代购房者。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

First Generation Program服务于在Statewide，Maine购房的购房者。 该项目针对特定区域：Federally designated targeted census tracts (per IRS Section 143) where MRB first-time-homebuyer requirement is waived and higher income / acquisition-cost limits apply. Higher-cost counties (Cumberland, York, Sagadahoc) also have higher acquisition-cost limits up to $775,000.

First Generation Program的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Reserved through MaineHousing's online lender portal (Lender Online) at time of rate lock by approved participating lender.预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。