USDA Vs. FHA Pro and Con comparison in Oakland, Kennebec County, ME
For 2025, the USDA loan limit within Oakland, located in Kennebec county, ME is determined to be $336,500. Meanwhile, the FHA limit for a single-family residence stands at $472,030.
The Lendersa® USDA loan calculator allows you to compare the latest USDA and FHA rates and helps you calculate the required income, credit, reserves, and documents necessary for qualification. With our sophisticated mortgage calculator, view USDA, FHA, Conforming, and VA loans side by side to identify the ideal program in for your financial landscape.
2025 Loan Limits & Down Payment Requirements in Oakland, Kennebec, 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 Oakland, ME
The objective of Lendersa® is to swiftly provide you with the most advantageous USDA or FHA loan without inconvenience. Choose from three different paths to find suitable lenders along with USDA loan programs.
A USDA home loan, backed by the government Department of Agriculture and known as a USDA rural development loan or mortgage, is exclusively available in rural areas. Unlike FHA loans, which require a down payment of at least 3.5%, USDA loans do not require any down payment.
Del Norte Bank was chartered as Del Norte Building and Loan Association on May 9th, 1921 by Charles W. Donnen, William Johnson, Louie Eickenrodt, J.H. Weiss, and J.P. Russell. The purpose of the building and loan was to provide a safe place to save money and to offer financing for families to build homes.
West Texas Credit Union® began in a small room in the ECISD Administration building in 1953. At that time we were known as Ector County Independent School Employee’s Credit Union. Since then, we have expanded our facilities to include the main office and a branch office in Odessa, as well as a branch office in Ft. Stockton.
Southwest Heritage CU was originally chartered in 1949 as a not-for-profit financial cooperative for 35 original members. As of January, 2012, we are proud to say we have well over 7, 500 members & total assets of over $75, 000, 000!Credit Union was originally chartered in 1949 as a not-for-profit financial cooperative for 35 original members.
Southwest 66 Credit Union began in late 1948 as a financial cooperative aimed at serving the needs of Permian Basin employees of the Phillips Petroleum company. The first chairman of the board was D.M. Hankings and the first Treasurer was A.W. Brumbelow. The first branch was located in Mr. Brumbelow's home.
Complex Community Federal Credit Union has been open since 1958. The credit union has assets totaling $633.38 Million & provides banking services to more than 40, 000 members as of March 2022. The credit union is a community-based financial institution. People living, working or worshipping in the credit union's geographic area can become a member.
Freedom Bank is a full-service South Texas financial institution that operates with a high level of customer satisfaction in providing the products and services that the community demands and deserves. We accomplish this by paying a high level of attention to making prudent decisions that take into account sound credit principles, customer needs.
First Basin, we strive to provide our members with the latest in technology and ease of access to their accounts. Make a loan payment online, pay your water bill, transfer funds into your savings account, check your balance with your mobile device, and much more... All at your fingertips and for your convenience.
Belt Valley Bank is a locally owned, full service, independent bank serving Central Montana since 1936. We offer a range of deposit and loan products with customer service second to none. Our goal is to be your financial partner. Our directors, officers, and staff strive to stay involved with community events and enjoy the opportunity.
