|Caribou Municipal Building
25 High St
Caribou, Maine 04736
|Lisa Plourde, Executive Director
Sue Ouellette, FSS/Homeownership
Phone: (207) 493-4234
Fax: (207) 376-0178
HCV Homeownership Program
News & Events
The Caribou Housing Agency has moved! We are now located on the first floor of the Caribou Municipal Building.
The HCV Homeownership program was created by HUD to help qualified participants on the HCV Program to become homeowners. The family’s participation in the program is completely voluntary. The ultimate goal is to provide opportunities for families to become first time homebuyers and remain stable homeowners in their community.
Qualifications for Program Eligibility
Welfare assistance may be used for elderly and disabled families only.
Minimum Down Payment
HUD requires a minimum down payment requirement of 3% or more of the purchase price with at least 1% of the purchase price coming from the family’s own personal resources. To meet this requirement, Caribou Housing requires a minimum $3,000 savings. Participants in the Family Self Sufficiency Program (FSS) with an escrow balance that meets or exceeds the minimum savings requirement shall receive a priority for participation in the Homeownership Program.
Maximum Term of Assistance
The maximum terms of assistance are as follows:
Termination of Assistance
Termination of assistance may occur because of mortgage default, failure to comply with family obligations and any other program violations.
For more information, please contact HCV Homeownership Coordinator, Sue Ouellette at (207) 493-4234 or email@example.com