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Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Buying a home for the holidays, and hoping for a bargain? Learn the pros and cons of buying a home during the winter months.

Current FHA Mortgage Rates in ME - Maine FHA Mortgage

Maine Mortgages

2024 FHA Loan Limits for Maine

FHA Loans are government insured mortgages from the Federal Housing Administration and are an attractive option for homebuyers with small down payments or who have less-than-stellar credit. An FHA-backed loan can also be attractive to homeowners who want to refinance.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

Learn more about FHA loans or calculate FHA loan costs and compare FHA loans against conventional low-downpayment mortgage programs.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2024 FHA loan limits for each county in Maine are below.

Select County
County Name One Family Two Family Three Family Four Family
Androscoggin One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Aroostook One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Cumberland One Family$546,250 Two Family$699,300 Three Family$845,300 Four Family$1,050,500
Franklin One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Hancock One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Kennebec One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Knox One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Lincoln One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Oxford One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Penobscot One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Piscataquis One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Sagadahoc One Family$546,250 Two Family$699,300 Three Family$845,300 Four Family$1,050,500
Somerset One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Waldo One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Washington One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
York One Family$546,250 Two Family$699,300 Three Family$845,300 Four Family$1,050,500

Mortgage Rates by State

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