The recent economic struggles that have affected the country have left many potential homebuyers second-guessing the prospect of buying a new home. In fact, many residents right here in Maine are reluctant to commit to such a large investment.

If this sounds like you, then the Maine's USDA Loans Program, may be the perfect solution. Backed by the power of the federal government, these Rural Development Loans are making home buying easy for residents located all across the Pine Tree State. Advantages of Maine Rural Development Home Loans include:

  • No Maximum Loan Amount on Maine Property
  • Flexible Credit Guidelines for Qualifying Maine Residents
  • Low Fixed Interest Rates
  • Both New and Existing Properties May Qualify

Maine Areas that Qualify for Rural Development Loans

There are some restrictions placed on property eligibility. For instance, in order to qualify for a Rural Development Loan, the property in question must be located within an approved area.

The good news is that while eligible USDA homes are restricted to rural areas, there is a large number of qualifying areas located throughout the great state of Maine. From Caribou to York, you may be surprised at how many properties qualify, some of which lie directly outside of major cities. Qualifying area property guidelines include:

  • Being located outside a major metropolitan area
  • Having a population of less than 20,000 residents

For more info, fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.

Maine’s USDA Loan Income Limits by County

While Consumer Real Estate Finance Co. is here to assist you with all your questions and guide you through the application process, you should be aware that there are a few usda eligibility restrictions. These include a credit evaluation as well as a maximum income limit.

When applying for a Rural Development Loan in Maine, your annual income cannot exceed the limit set for your county:

Maine USDA Loan Adjusted Maximum Income Limits by County
Updated 05/01/2009

Quick Scroll
STATE:MAINE PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Bangor, ME HUD Metro FMR Area
VERY LOW INCOME 24600 28100 31600 35100 37950 40750 43550 46350
Apply Now LOW INCOME 39300 44900 50550 56150 60650 65150 69650 74100
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Penobscot County, ME (part) HUD Metro FMR Area
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Lewiston-Auburn, ME MSA
VERY LOW INCOME 22400 25600 28800 31950 34550 37100 39650 42200
Apply Now LOW INCOME 35750 40900 46000 51100 55200 59300 63350 67450
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Cumberland County, ME (part) HUD Metro FMR Area
VERY LOW INCOME 25400 29000 32650 36250 39150 42050 44950 47850
Apply Now LOW INCOME 40600 46400 52200 58000 62650 67300 71900 76550
MOD.INC-GUAR.LOAN 83400 83400 83400 83400 110100 110100 110100 110100
Portland, ME HUD Metro FMR Area
VERY LOW INCOME 31550 36050 40550 45050 48700 52300 55900 59500
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Sagadahoc County, ME HUD Metro FMR Area
VERY LOW INCOME 25050 28600 32200 35750 38650 41500 44350 47200
Apply Now LOW INCOME 40050 45750 51500 57200 61800 66350 70950 75500
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
York County, ME (part) HUD Metro FMR Area
VERY LOW INCOME 25300 28900 32500 36100 39000 41900 44800 47700
Apply Now LOW INCOME 40450 46200 52000 57750 62350 67000 71600 76250
MOD.INC-GUAR.LOAN 83000 83000 83000 83000 109550 109550 109550 109550
York-Kittery-South Berwick, ME HUD Metro FMR Area
VERY LOW INCOME 32000 36600 41150 45700 49400 53050 56700 60350
Apply Now LOW INCOME 50350 57500 64700 71900 77650 83400 89150 94900
MOD.INC-GUAR.LOAN 103350 103350 103350 103350 136400 136400 136400 136400
Aroostook County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Franklin County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Hancock County, ME
VERY LOW INCOME 22550 25750 28950 32150 34750 37300 39900 42450
Apply Now LOW INCOME 36000 41150 46300 51450 55550 59700 63800 67900
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Kennebec County, ME
VERY LOW INCOME 23250 26550 29850 33150 35850 38500 41150 43800
Apply Now LOW INCOME 37150 42450 47750 53050 57300 61550 65800 70050
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Knox County, ME
VERY LOW INCOME 22400 25600 28800 32000 34600 37150 39700 42250
Apply Now LOW INCOME 35850 40950 46100 51200 55300 59400 63500 67600
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Lincoln County, ME
VERY LOW INCOME 23000 26250 29550 32800 35450 38050 40700 43300
Apply Now LOW INCOME 36750 42000 47250 52500 56700 60900 65100 69300
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Oxford County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Piscataquis County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Somerset County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Waldo County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Winterport Town, ME SEA
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150
Washington County, ME
VERY LOW INCOME 21100 24100 27100 30100 32550 34950 37350 39750
Apply Now LOW INCOME 33700 38500 43350 48150 52000 55850 59700 63550
MOD.INC-GUAR.LOAN 82700 82700 82700 82700 109150 109150 109150 109150

 

Remember, Consumer Real Estate Finance Co. is here to answer all your questions. For help applying for a Maine USDA loan, contact us today.