April 08, 2020

Housing authority lowers interest rate

AUGUSTA — The interest rate that first-time home buyers get from the Maine State Housing Authority has been reduced to 6.25 percent.

Officials from the housing authority said that a general lowering of market rates allowed the agency to lower its rates.

The housing authority makes its first-time home buyer loans available through 35 banks and other lenders in Maine. Information on the program is available by calling 1-800-452-4668.

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