In 2025, the FHA loan limit in the county of Somerset, including Skowhegan, ME, is $472,030 for a single-family home. For two-unit homes, it's set at $604,400, climbing to $730,525 for three units, and reaching $907,900 for four-unit residences.
The maximum loan amount for conventional loans on a single-family house is $726,200. For properties with 2-units, the limit is $929,850; for 3-unit homes, it’s $1,123,900; and for homes with 4 units, it maxes out at $1,396,800.
Use our FHA calculator to uncover today’s top FHA rates, determining necessary downpayment, credit, income, reserves, and the documentation required for qualification.
The Lendersa® calculator equips you to compare the rates and terms of FHA loans with numerous other loan programs. Explore different possibilities, contrasting Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans alongside FHA offerings for an informed decision.
Lendersa® aggregates comprehensive loan program data from a vast array of lenders and efficiently matches it with your personal financial profile and specific needs for swift, accurate comparisons.
The Loan Limits Comparison Table for 2025 in Skowhegan county of Somerset, ME facilitates evaluations of maximum loan amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, None-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. To assess qualification requirements, including income, reserves, and credit, leverage the Lendersa® Super Loan Integrated Qualifier (SLIQ™) for comprehensive analysis and options tailored to your financial desires.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $472,030 | $604,400 | $730,525 | $907,900 |
| 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 | $336,500 | $336,500 | $336,500 | $336,500 |
| 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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