who has your bank accounts and credit cards?Īt this time, we at MaineStream are offering special COVID-19 related loan product called the business booster loan, particuarly for the self-employed who were not able to access SBA COVID-19 programs, like PPP or EIDL. The best place to start for any help is to start with your current financial institution – i.e. We promise to make sure you know all of your options and will never steer you to one financial institution over another due to our relationships. W e work with and are supported by SBA and FAME and several local and national banks, particularly Bangor Savings Bank, Bank of America (BOA), Camden National Bank, Bar Harbor Bank & Trust, First National Bank, Machias Savings Bank, People’s United Bank, TD Bank, and Wells Fargo.

We do not charge fees for our advisory support or counseling only for our lending and home-buyer classes, do we charge fees and/or interest. We deliver these services through lending, savings products, classes, and 1:1 advisory support.

Since 1999, MaineStream has served Maine homeowners, homebuyers, consumers, and entrepreneurs in securing the needed advice and financing they need to grow and thrive. We are a US Treasury-certified Community Development Financial Institution (CDFI) and are regulated by the Maine Bureau of Consumer Credit Protection (BCCP) under NMLS for home lending. MaineStream Finance is a 20-year old mission-driven, nonprofit home and small business community development lender and is a wholly-owned subsidiary of Penquis CAP, with offices in Bangor, Dover-Foxcroft, and Rockland. We will help guide you to the right sources for more information. We do recommend you go directly to the source of a program to learn more, even if you talk to one of our advisors or counselors. We are only providing information and options for you to choose. Be very wary of clicking on links in emails unless you know the person directly.Īll decisions are yours to make. If you do not recognize the person on the phone, tell them you will call them back at the company’s main line (found on their website). Please be very careful of who you work with or speak to about government checks, IRS taxes, working with a bank on SBA loans, etc. NLIHC CARES Act/Federal Stimulus Summary on Housing Funding– CARES Act/Federal Stimulus.US Housing and Urban Development (HUD) COVID-19 (“CORONAVIRUS”) INFORMATION AND RESOURCES.What you need to know about paying your June rent or mortgage – Washington Post, May 31.UPDATE: Governor Mills & MaineHousing Extend Rent Relief Program (June 4).A new rental assistance program for $5 million between Maine Housing and 10 Community Action Agencies, including MaineStream’s parent, Penquis, has begun.Evictions are not allowed explicitly in Maine now – official Executive Order on Evictions.State of Maine: There is a lot to unpack from Governor Mills Executive Orders and letters to Protect Housing for Maine People:.Eviction Lab – Housing Policy Scorecard.US Consumer Finance Protection Bureau (CFPB) Protections for Renters.Forbes Mortgage Relief Tracker: Coronavirus (COVID-19) Relief For Homeowners (mostly large national and regional banks).Loan Modification: Which Is Right for You During the Coronavirus Pandemic? (Lending Tree, 4/30/20) FHA/HUD and FHFA (Fannie, Freddie) have extended foreclosure and eviction moratorium to Aug 31.Mortgage and housing assistance during the coronavirus national emergency – CFPB – HUD – FHFA (FNMA and Freddie Mac).Further down the page, we have much more information, news, and resources on housing topics such as homelessness, legal issues for homeowners, landlords & tenants, mortgage loans, public housing, and rental issues. We’ll keep you updated here on the latest local, State, and Federal actions related to housing here. Our team of housing counselors and home lenders are available to help you through this time. We are in regular touch with HUD, Maine Bureau of Consumer Credit Protection (BCCP), MaineHousing, Pine Tree Legal, and local lenders about new developments. A lot is happening around housing during the crisis, and mortgage payments and rent payments are due soon. We at MaineStream Finance, a 20-year old, mission-driven nonprofit community development lender and part of the Penquis CAP family, are open to serve you. For registering for Penquis’ online home-buying classes – self-paced and live streaming, click here. If you would like a Penquis Housing Counselor to contact you about home-buying, mortgage issues/foreclosure, or rental issues/eviction, please fill out this quick contact form.

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