No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
Maine USDA Loans
My state-specific information
Eligibility Requirements – Maine
Who hasn’t dreamed of a home nestled in the trees and hills of New England? With a home loan from the USDA, your dream could finally be a reality. No down payment, no maximum loan amount, and no assets needed to qualify mean flexibility to fit your situation. For a family of 1-4 in Maine, the average household income limit for a USDA loan is about $119,850, and can be as high as $197,100 for a family of 5 or more. To learn more, fill out the form below to get in touch with one of our USDA loan specialists and take the first step toward your dream.
The map below shows the areas of Maine that qualify for USDA loans. For more info on eligible areas, head to the USDA property eligibility screen.
Maine USDA Income Limits (Moderate Income – Guaranteed Loan)
Most Maine counties use the standard USDA income limit. Select coastal and southern metro areas have higher limits.
| Area | 1–4 Person | 5+ Person |
|---|---|---|
| Standard Maine Limit (Most Counties & MSAs) | $119,850 | $158,250 |
| York County, ME (part) HUD Metro FMR Area | $122,900 | $162,250 |
| Cumberland County, ME (part) HUD Metro FMR Area | $125,950 | $166,300 |
| York-Kittery-South Berwick, ME HUD Metro FMR Area | $147,400 | $194,600 |
| Portland, ME HUD Metro FMR Area | $149,300 | $197,100 |
USDA income limits in Maine are based on total household income and household size. This includes income from all adult household members—not just the borrower. While most rural counties use the standard USDA income cap, higher-cost coastal and southern Maine areas (including Portland and parts of York and Cumberland counties) have elevated limits.
If your household income falls within the limit for your area and household size, you may qualify for a USDA Guaranteed loan with 100% financing (no down payment).
Check Your Maine USDA Eligibility
USDA loans are available throughout many rural and suburban areas of Maine. We can quickly:
- Verify your county income limit (1–4 vs. 5+ household members)
- Confirm the property is in a USDA-eligible location
- Provide a fast payment estimate and next steps
Income limits shown are for USDA Guaranteed loans and may change annually. Final eligibility depends on household size, verified income, and USDA program guidelines.
- NO down payment – Finance 100% of your home
- NO maximum loan amount in Maine.
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your Maine USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – Maine
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
