For 2025, the USDA loan limit within Gorham, situated in Cumberland, ME, is $370,700, compared to the FHA limit of $506,000 for a single-family residence.
Utilize the Lendersa® USDA loan calculator to weigh today's top USDA versus FHA rates and assess the necessary income, credit, reserves, and documentation for eligibility. Our sophisticated mortgage calculator juxtaposes USDA, FHA, Conforming, and VA choices to guide you in determining which program suits your financial scenario in best.
2025 Financial Lending Limits and Down Payment Needs in Gorham, Cumberland, ME
Loan Type
Maximum Limit
Down Payment
USDA
$370,700
0%
FHA
$506,000
3.5%
Conventional Conforming
$726,200
3%
Available USDA and FHA Loan Strategies in Gorham, ME
At Lendersa®, our aim is to efficiently facilitate obtaining the ideal USDA or FHA loan. Begin by selecting one of three starting methods to engage with lenders and USDA programs effectively.
A USDA home loan, backed by the Department of Agriculture—often referred to as a USDA rural development loan or USDA mortgage—is exclusively available in rural regions. Unlike FHA loans that necessitate at least a 3.5% down payment, USDA loans require no down payment whatsoever.
Throughout southeast Minnesota & Northern Iowa, First Southeast Bank has been providing a wide range of services as your local, family owned community bank. First Southeast Bank, Harmony location, undergoes a major renovation to the interior and of the building with a large addition added. In 2011 Canton State Bank merges into First Southeast Bank.
In 1955, several employees of the Anniston, Alabama, Post Office agreed that it would be a benefit for all of the employees to form a credit union. They assembled a group of twenty-five, and in July 1956, were chartered as the Northeast Alabama Federal Credit Union. In the years since, we have grown to 1186 members, with over $15 Million in assets.
Citizens Savings Bank is a full-service bank. The bank accepts deposits, makes loans and provides other services for the public. Citizens Savings Bank is located in Hawkeye, Iowa, and was founded in 1927. Annual sales for Citizens Savings Bank are around USD 1, 002, 000.00. This business is working in the following industry: Finance other.
The Ware County School Employees Federal Credit Union was established in 1962. Our field of membership consists of employees and immediate family members of the Ware County Board of Education and Okefenokee RESA.
The mission of WCSEFCU is to provide the highest quality of financial services and customer service to support the financial needs
Community Banking Company of Fitzgerald operates as a bank. The Bank offers personal, business account, checking, savings account, debit card, loans, finance, online banking, and other related banking services. Community Banking Company of Fitzgerald serves customers in the State of Georgia.
Colony Bankcorp, Inc., with assets of $2.4 billion, is the Bank holding company for Colony Bank. Founded in 1975 and headquartered in Fitzgerald, Georgia, Colony operates 29 locations throughout Georgia. Colony offers personal and business services, and also has specialty divisions to meet the needs of its customers.
GreenState Credit Union is a member owned financial cooperative with 18 office locations. GreenState has grown to over $5.5 billion in assets and 200, 000 members. Membership is open to anyone living or working in Iowa and 4 Illinois Counties, as well as direct relatives of current members and University of Iowa students, staff, and alumni.
Farmers Savings Bank was founded in 1908 in Wever, Iowa. Business was conducted in the original building, just west of the railroad tracks, until 1996. In 1969 the building was remodeled and enlarged to include a drive-up facility. The bank moved into its current facility on the east side of Highway 61 in 1996.
F & M Community Bank is a full-service, community-oriented bank that has been in operation since 1911. For over 100 years, we've been proud to fulfill the banking needs of local Minnesota citizens & businesses on a more personal, individualized level. Our employees who are your bank teller or your lending specialist are your neighbors & friends.
