For the year {CURRENT_YEAR}, the FHA loan cap in Cumberland within Cumberland, ME stands at {DETAILS_LOAN_LIMIT_FHA1} for a single-family dwelling. For properties with 2-units, the limit is {DETAILS_LOAN_LIMIT_FHA2}, rising to {DETAILS_LOAN_LIMIT_FHA3} for 3-units, and reaching {DETAILS_LOAN_LIMIT_FHA4} for properties with 4-units.
As for conventional loans, they allow a maximum loan amount of {DETAILS_LOAN_LIMIT_CONVENTIONAL1} for single-family homes, with 2-units capped at {DETAILS_LOAN_LIMIT_CONVENTIONAL2}, 3-units at {DETAILS_LOAN_LIMIT_CONVENTIONAL3}, and 4-units at {DETAILS_LOAN_LIMIT_CONVENTIONAL4}.
Leverage our FHA calculator to find the most favorable FHA rates today, and ascertain the necessary downpayment, income, credit criteria, financial reserves, and documentation required for qualifying.
With the Lendersa® calculator, you can effectively compare FHA loan conditions with terms from other programs. Dive into options for Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans alongside FHA.
Lendersa® accesses loan data from numerous lenders, processing it swiftly to align with your financial situation and requirements.
The Loan Limits Comparison Table for {CURRENT_YEAR} in Cumberland, rooted in Cumberland, ME, allows you to contrast FHA, Conventional Conforming, Jumbo, USDA, VA, None-QM, Super Jumbo, Reverse Mortgages (HECM), and hard money maximum loan amounts. To evaluate qualifications like income, reserves, and credit metrics, try out Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $506,000 | $647,750 | $783,000 | $973,100 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| USDA | $370,700 | $370,700 | $370,700 | $370,700 |
| VA | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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NMLS 1795154
