USDA Vs. FHA your options comparison in Gorham, Cumberland County, ME
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.
7939 Honeygo Boulevard, Suite 203, Baltimore, MD, 21236
Open House Lending Corporation is a full-service mortgage company that goes the extra mile and produce's results. Our team has helped hundreds buy and refinance their homes decade after decade. Families have trusted our experienced team to handle not only their mortgage's but their family and friends too.
We offer many low & NO down payment financing options.And in many cases the seller can pay part or all of your closing costs so you can purchase a home with not a lot of money.All Credit Home Loans Inc is located in Hanover, PA, USA & is part of the Activities Related to Credit Intermediation Industry. All Credit Home Loans Inc has 2 total employee
Affordable Home Mortgage, Inc., our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you
Niagara’s Choice Credit Union We are a full-service, not-for-profit, financial organization serving over 24, 000 members. The majority of our member base is within Niagara County, we serve members who live across the United States.
The credit union was founded in 1953 by a small group of employees of the former Hooker Chemical Company.
The Delaware State Police Federal Credit Union was founded in 1960. The idea was to create a financial institution, whose purpose was and is to protect and help Delaware’s most precious resource, our troopers, lead financially successful lives. In the years since, we have grown and developed into an organization that honors all of those that serve.
Destinations Credit Union is a not-for-profit full service financial institution serving Parkville/Carney and employees/members of more than 150 businesses and community groups in the Baltimore Metro area. Because we return our profits to our members, we can generally offer low or no fees for services
Chesapeake Bank of Maryland was founded in 1913 as New Eastern Avenue Permanent Savings and Loan Association. The name was changed to Chesapeake Federal Savings and Loan Association in 1960. In 1998 the Bank, became Chesapeake Bank of Maryland.
The Bank operates from its main office in Parkville
Point Breeze Credit Union offers easy, reliable banking by helping you save time and money. We put our members first and endeavor to make your life easier through friendly, convenient service that makes banking feel less like a chore. As a Point Breeze member, you can expect a warm welcome and a hassle-free experience.
11350 McCormick Rd, Suite 405, Hunt Valley, MD, 21031
Our Mission at Eastern Savings Bank, an FDIC insured community bank, is committed to building relationships by providing personalized banking solutions and services, delivered with integrity and passion. Our Vision is We are proud of the rewarding connections we maintain with our customers and associates.
