HEI Facts.com

State

Home equity investments in Maine

None of the six major home equity investment providers operates in Maine. Maine has an HEI-specific law or rule in effect.

Providers operating in Maine

None of the six major providers lists Maine as a service area.

If you live in Maine and want cash from your home without a monthly payment, your options are narrower: a HELOC, home equity loan, cash-out refinance, or reverse mortgage. Check back here, since provider lists change. See which states each provider serves.

Laws, rules, and reports

MaineLawIn effectSigned April 13, 2026

Maine regulates shared appreciation agreements (LD 1901, Public Law 2025, chapter 653)

An emergency law, effective when signed, that treats "shared appreciation mortgage loans" as mortgage loans under Maine's Consumer Credit Code and treats their providers as supervised lenders.

  • Requires homeowner counseling and preliminary and closing disclosures.
  • Bans mandatory arbitration clauses and confidentiality provisions in these agreements.
  • Addresses products made between October 29, 2025, when the state's Bureau of Consumer Credit Protection determined they are consumer credit transactions, and the law's effective date.

Sources: Maine Legislature: LD 1901 status · Law text (PDF)

Counseling is required here. Maine requires counseling before you sign an HEI.

Enforcement and court cases

We found no enforcement action or court case involving home equity investments in Maine.

Bills

We found no pending HEI bill in Maine.

HELOC denials in Maine

In 2025, lenders denied 26.8% of the 7,229 HELOC applications they decided in Maine (national: 32.9%). Most common first reason: debt-to-income ratio. See the full HELOC denial data.

HELOCs by metro area in Maine

Portland, ME (25% denied) · Bangor, ME (25% denied) · Lewiston, ME (25% denied)

See reasons and rates for each metro area.

Federal activity

2 federal items pending that would apply in every state: Home Equity Lending Integrity Act (S. 4803), Shared Home Appreciation for Residential Equity Act (H.R. 8116).

Before you sign in Maine

  1. Check the company's license at NMLS Consumer Access.
  2. Expect required homeowner counseling before you sign. Maine's rules call for it.
  3. Ask for the settlement amount at 0%, 4%, and 8% yearly appreciation, and for when you might settle.
  4. Convert each offer to an effective yearly cost and compare it with a HELOC or home equity loan.

Reference information, not legal advice. Know of something we're missing in Maine? Tell us.