The initial step is to try to complete the employee affidavit setting certifying this is the earliest domestic you are trying buy within this forty kilometers regarding campus. The fresh treasurer’s workplace commonly establish qualifications and you will link one to good financing officer from the using bank of the employee’s opting for. Shortly after an offer on the a property could have been acknowledged, brand new performing financial commonly notify the treasurer’s work environment as no. 1 financial to your property could have been acknowledged.
A lot of issues, together with an extreme homes lack from inside the Maine and higher mortgage costs, features combined to make the local home ecosystem extremely problematic to have earliest-date home buyers.
A worker alone or a worker with their partner or residential partner both out of which haven’t used a first household in this forty (40) miles off Bowdoin’s Brunswick university in the last five (5) years.
The college tend to reassess sector requirements and you can feedback the prosperity of brand new forgivable loan program once we approach the several-seasons anniversary, however, we do not enjoy that program have a tendency to continue beyond .
Professors and you can staff is always to create their own browse into mortgage prices and you will software provided by per financial for their number 1 financial funding before generally making an alternative.
