USDA Vs. FHA Pro and Con comparison in Millinocket, Penobscot County, ME
In 2025, the USDA loan limit for Millinocket, within Penobscot, ME is set at $336,500, while the FHA limit for a single-family home is $472,030.
Utilize the Lendersa® USDA loan calculator to evaluate today's top USDA versus FHA rates and identify the income, credit, reserves, and documents necessary for qualification. Our sophisticated mortgage calculator displays USDA, FHA, Conforming, and VA options side by side, assisting you in choosing which program in is most suitable for your financial situation.
2025 Loan Limits and Downpayment Requirements in Millinocket, Penobscot, ME
Loan Type
Loan Limit
Down Payment
USDA
$336,500
0%
FHA
$472,030
3.5%
Conventional Conforming
$726,200
3%
Exploring USDA and FHA Loan Options in Millinocket, ME
Lendersa® aims to provide the best USDA or FHA loans promptly without hassle. Select one of three starting points to match with lenders and suitable USDA loan programs.
A USDA home loan, backed by the government through the Department of Agriculture and known as a USDA rural development loan or mortgage, is available in rural areas only. Unlike FHA loans requiring a minimum of 3.5% down payment, USDA loans need no down payment.
FFE Federal Credit Union has been open since 1954. The credit union has assets totaling $4.93 Million and provides banking services to more than 500 members.
The credit union is a not-for-profit, member-owned financial cooperative providing services to government employee members.
At Fargo VA Federal Credit Union, our members are our first priority. If you have questions or concerns, we want to know.
We provide products and services that help the financial stability and economic growth for both our members and our community.
As part of your community, we plan for the future to help individuals
At American Federal Bank, we know our clients and understand their farm and business operations. Our clients have confidence in the advice and solutions we offer to help them reach their goals. They know and trust that we will take care of them. Clients tell us they'd recommend American Federal in a heartbeat!
975 Swinnea Ridge Boulevard, Suite 2, Southaven, MS, 38671
Our mission is to set a high standard in the loan industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the loan process, so that you can confidently select the best loan for you and your company from the many loan options that are available today.
Bothwell Hospital Employees Credit Union is committed to our members. We will uphold our fundamental responsibility to actively serve people within our field of membership and, as appropriate, the communities they live in. We will treat all members with respect and dignity and will offer honest, fair deals to all members at all times.
VISIONBank is a locally-owned community bank that was started in 2003 by a team of experienced bankers who were committed to providing exceptional service and building an organization that would never lose that small town bank connection to its clients. Walk into the lobby of one of the VISIONBank locations
"We serve the financial needs of postal employees & their families in North Dakota, South Dakota, & Minnesota.
We proudly serve postal employees & their families! We have three offices in Fargo & Grand Forks to help our members with all of their financial needs. Our loan rates are great!
Fargo Public Schools Federal Credit Union is a not-for-profit, member-owned financial cooperative providing services to the employees of Fargo Public Schools and their families. On November 10, 1934 with $10, 000 in deposits, 10 educators signed a charter to form FPSFCU. It was the first credit union in North Dakota and 47th in the nation.
801 10th Street South, Suite 100, Fargo, ND, 58103
F-M Mortgage was founded in May of 1992 by Marles Hass and Larry Reiser. F-M Mortgage's home office is located at 801 10th Street South, in downtown Fargo, ND. Our Bismarck office is located downtown, in the Logan's on Third building, at 120 3rd Street North. We are the EXPERIENCED EXPERTS in the Mortgage Market in North Dakota and Minnesota.
Imagine home lending community by supporting you through the loan process. We know that you have many options for lenders, but just like finding the perfect home, you need the perfect lender. Preferably, a lender that is trustworthy, who is attentive, and who can dedicate attention to ensure a smooth closing process for you
