Credit unions will partner with Maine's housing agency in a new program to aid first-time homebuyers with cash incentives of up to $5,500. When combined with federal tax credits, total incentives through the 'Gift of Green' program could be as much as $15,000. The Gift of Green offers: A grant of up to $5,000, not to exceed 4% of the loan amount, to help with the cash required for the downpayment and other closing expenses; and a coupon of up to $500 for a pre-weatherization and post weatherization home energy audit. Income and home price limits are listed at www.mainehousing.org, along with all participating lenders. Gift of Green loans will be made on a first-come, first-served basis while funds last.
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