In the year 2025, the USDA loan threshold within Fairfield, located in Somerset county, ME is set at $336,500. For a single-family home, the FHA limit is $472,030.
The Lendersa® USDA loan calculator is available to assist you in comparing the latest USDA against FHA rates and to check necessary requirements like income, credit, reserves, and documentation for qualification. Our sophisticated mortgage calculator presents USDA, FHA, Conforming, and VA options side by side. This feature enables you to select which program in
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| Loan Type | Loan Limit | Down Payment | |
| USDA | $336,500 | 0% | |
| FHA | $472,030 | 3.5% | |
| Conventional Conforming | $726,200 | 3% |
The objective of Lendersa® is to facilitate the acquisition of the most suitable USDA or FHA loan quickly and smoothly. You can begin with any of the three starting points provided to identify matching lenders and USDA loan options.
The USDA home loan is a government-backed loan via the Department of Agriculture, also referred to as a USDA rural development loan or mortgage, restricted to rural areas only. In contrast to FHA loans that necessitate a minimum down payment of 3.5%, USDA loans require no down payment at all.
Enter your location to find out if it qualifies for USDA rural housing loan?
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