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 23100 26400 29700 32950 35600 38250 40900 43500
Apply Now LOW INCOME 36900 42150 47450 52700 56900 61150 65350 69550
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Penobscot County, ME (part) HUD Metro FMR Area
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Lewiston-Auburn, ME MSA
VERY LOW INCOME 21250 24300 27350 30350 32800 35250 37650 40100
Apply Now LOW INCOME 34000 38850 43700 48550 52450 56300 60200 64100
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
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 28750 32850 36950 41050 44350 47650 50950 54200
Apply Now LOW INCOME 46000 52550 59150 65700 70950 76200 81450 86700
MOD.INC-GUAR.LOAN 94450 94450 94450 94450 124650 124650 124650 124650
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 82250 82250 82250 82250 108550 108550 108550 108550
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 30000 34250 38550 42800 46250 49650 53100 56500
Apply Now LOW INCOME 47600 54400 61200 68000 73450 78900 84300 89750
MOD.INC-GUAR.LOAN 97750 97750 97750 97750 129050 129050 129050 129050
Aroostook County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Franklin County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Hancock County, ME
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 78200 78200 78200 78200 103200 103200 103200 103200
Kennebec County, ME
VERY LOW INCOME 21700 24800 27900 31000 33500 36000 38450 40950
Apply Now LOW INCOME 34700 39700 44650 49600 53550 57550 61500 65450
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Knox County, ME
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 78200 78200 78200 78200 103200 103200 103200 103200
Lincoln County, ME
VERY LOW INCOME 22150 25300 28450 31600 34150 36700 39200 41750
Apply Now LOW INCOME 35400 40450 45500 50550 54600 58650 62700 66750
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Oxford County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Piscataquis County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Somerset County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Waldo County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Winterport Town, ME SEA
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200
Washington County, ME
VERY LOW INCOME 19600 22400 25200 27950 30200 32450 34700 36900
Apply Now LOW INCOME 31300 35750 40250 44700 48300 51850 55450 59000
MOD.INC-GUAR.LOAN 78200 78200 78200 78200 103200 103200 103200 103200

 

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