Grand Lake Stream, ME 2025 FHA Loan Limits
FHA Loan Limits
Single Family
Duplex
Tri-plex
Quad-plex
Federal Housing Administration (FHA) Loans are federally insured mortgages.
In Grand Lake Stream, loan amounts may not exceed the limits above.
Local Loan Limits — Grand Lake Stream, ME
FHA and conventional Loan limits vary based on the number of living-units on the property. FHA loans are only allowed on 1 to 4 living-unit properties. These 1 to 4 unit properties can be purchased with an FHA loan as long as the owner occupies one of the unit. Properties with over 4 units are considered commercial and do not quality for FHA or conventional loans.
Loan Limit Summary
Limits for FHA Loans in Grand Lake Stream, Maine range from $524,225 for 1 living-unit homes to $1,008,300 for 4 living-units. Conventional Loan Limits in Grand Lake Stream are $806,500 for 1 living-unit homes to $1,551,250 for 4 living-units. The 2025 Home Equity Conversion Mortgage (HECM) limits in Grand Lake Stream is $1,209,750. HECM limit does not depend on the size of the home.
What are Conventional Loans?
Conventional loans (also called "conforming") are loans that conform to the requirements set by Fannie Mae and Freddie Mac. Fannie Mae and Freddie Mac buy home loans from lenders to provide liquidity. This allows lenders to continue lending to home buyers. Otherwise, banks might not have enough money on hand continue lending. Fannie and Freddie set strict standards for the types of loans they will buy.
Grand Lake Stream has standard limits which means loan limits are equal to the 2025 national floor.
FHA Home Appraisal in Grand Lake Stream
To see if a home qualifies for an FHA loan, the property must be appraised by an approved FHA appraiser. Find FHA-approved appraisers in Grand Lake Stream. If you need a home inspector, click here to find FHA-approved inspectors in Grand Lake Stream. You can also save time by looking for FHA Condos that have already been approved.
VA Loan Limits in Grand Lake Stream
VA Loans are similar to FHA Loans in that it allows you to buy a home with very little money down. However VA Loans are only available to veterans of the Armed Forces. With VA loans the Department of Veterans Affairs guarantees the loan on the veteran's behalf. The maximum the VA will guarantee is set to the same amount as the single-family Fannie/Freddie Loan Limit. So the Grand Lake Stream, ME 2025 VA Loan Limit is $806,500
Learn more about VA Loans and how to qualify »
Additional Resources
How to qualify for an FHA Loan in Grand Lake Stream, Maine?
The minimum loan amount in Grand Lake Stream is $5,000 dollars and may go up to $1,008,300 depending on home size and loan type. In order to qualify for an FHA loan, you must be planning to live in the home. Although a loan can include some renovation costs, FHA loans cannot be used for real estate investments in Grand Lake Stream.
Additionally, your loan amount cannot exceed the value of home you are purchasing. Learn more about FHA Loan Requirements.
Cities and ZIP Codes in Washington County
The FHA Limits, VA Loan Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Washington County, Maine which includes the following cities: Calais, Machias, Baileyville, Lubec, East Machias, Princeton, Milbridge, Perry, Jonesport, Eastport, Cherryfield, Pembroke, Addison, Steuben, Harrington, Columbia Falls, Machiasport, Danforth, Jonesboro, Dennysville, Beals, Whiting, Wesley, Lambert Lake, Robbinston, Topsfield, Vanceboro, Waite, Grand Lake Stream, Meddybemps, Cutler, and Brookton.
Washington County loan limits also apply to the following ZIP codes: 4619, 4654, 4694, 4652, 4630, 4668, 4658, 4667, 4649, 4631, 4622, 4666, 4606, 4680, 4643, 4623, 4655, 4424, 4648, 4628, 4611, 4691, 4686, 4454, 4671, 4490, 4491, 4492, 4637, 4657, 4626, and 4413.
Citation
Data sourced from the Department of Housing and Urban Development (HUD.GOV). If you notice an error on this page, please contact us.
