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See what's happening with home values in more than 400 metropolitan areas with HSH's Home Value Tracker, just updated though the second quarter of 2022.

See what's happening with home values in more than 400 metropolitan areas with HSH's Home Value Tracker, just updated though the second quarter of 2022.

Current FHA Mortgage Rates in ME - Maine FHA Mortgage

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Note: Your loan amount is greater than the value of the property, a condition known as being "underwater".
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Maine Mortgages

2022 FHA Loan Limits for Maine

FHA Loans are government insured mortgages from the Federal Housing Administration and are an attractive option for homebuyers with small down payments or who have less-than-stellar credit. An FHA-backed loan can also be attractive to homeowners who want to refinance.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

Learn more about FHA loans or calculate FHA loan costs and compare FHA loans against conventional low-downpayment mortgage programs.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2022 FHA loan limits for each county in Maine are below.

County Name One Family Two Family Three Family Four Family
Androscoggin One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Aroostook One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Cumberland One Family$463,450 Two Family$593,300 Three Family$717,150 Four Family$891,250
Franklin One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Hancock One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Kennebec One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Knox One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Lincoln One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Oxford One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Penobscot One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Piscataquis One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Sagadahoc One Family$463,450 Two Family$593,300 Three Family$717,150 Four Family$891,250
Somerset One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Waldo One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
Washington One Family$420,680 Two Family$538,650 Three Family$651,050 Four Family$809,150
York One Family$463,450 Two Family$593,300 Three Family$717,150 Four Family$891,250
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