USDA VS FHA in Limerick, York County, ME

For the year 2025, the USDA loan limit in the city of Limerick, located in the county of York, ME, stands at $370,700. In comparison, the FHA loan cap for a single-family home is set at $506,000.

Utilize the Lendersa® USDA loan calculator to effectively compare today's top USDA rates against FHA offerings. This tool helps you pinpoint the necessary income, credit standing, reserves, and documentation needed to qualify for a loan. Our sophisticated mortgage calculator lets you view USDA, FHA, Conforming, and VA loans side-by-side for a comprehensive understanding, aiding you in selecting the most suitable program in Alabama, based on your financial dynamics.

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Loan Limits and Downpayment Requirements for 2025 in Limerick, York, ME

Loan Type Loan Limit Down Payment
USDA $370,700 0%
FHA $506,000 3.5%
Conventional Conforming $726,200 3%

USDA and FHA Loan Options in Limerick, ME

The primary aim of Lendersa® is to provide you with the quickest and smoothest experience in securing an ideal USDA or FHA loan. Choose one of three avenues to connect with lenders and USDA loan programs suited to your needs.

Lendersa USDA loan request and matching results

Understanding USDA Loans in ME

The USDA home loan is a government-backed mortgage option through the Department of Agriculture, commonly referred to as the USDA rural development loan or USDA mortgage. It's exclusively available for homes in rural areas. Notably, unlike FHA loans that necessitate a minimum down payment of 3.5%, USDA loans usually require no down payment at all.

Enter your location to find out if it qualifies for USDA rural housing loan?



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