FHA Loan Limits in Somerset County, Maine (2026)
In Somerset County — anchored by Somerset County — the 2026 FHA loan limit for a single-family home is $541,287. That matches the national FHA floor used across most of New England.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
From Somerset County to the edges of Somerset County, the figures above govern FHA borrowing; buyers here frequently compare them with nearby Cumberland and York Counties.
Affording a home in Somerset County & Somerset County
With Somerset County's median sale price estimated near $403,000 (think Somerset County), the FHA down payment is roughly $14,105. Factoring Maine property taxes near 1.24%, expect about $3,148 monthly, pointing to income near $122,000 — above Maine's $71,773 median household income, so budget carefully.
FHA payment scenarios in Somerset County
Here is what an FHA payment looks like at three Somerset County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $290,000 | $10,150 | $2,298 |
| Local median — $403,000 | $14,105 | $3,148 |
| At the FHA limit — $541,287 | $18,945 | $4,188 |
Estimates include FHA MIP plus Maine property taxes and insurance. Rates move daily near Somerset County too — get notified.
First-time buyers make up much of FHA activity in Somerset County and across Somerset County, drawn by the 3.5% down payment, 580 minimum score, and the option to use gift funds toward the $14,105 needed on a median Somerset County home.
Multi-unit FHA limits in Somerset County
Looking at a duplex or fourplex near Somerset County? FHA allows up to $692,997 on two units and $1,041,072 on four in Somerset County, with the same low 3.5% down for owner-occupants.
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Frequently Asked Questions
- What is the FHA loan limit in Somerset County for 2026?
- In Somerset County (Somerset County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Somerset County with FHA?
- For a median-priced ($403,000) Somerset County home, plan on income around $122,000 at a 31% housing ratio — about $3,148/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Somerset County?
- 3.5% with a 580+ score — roughly $14,105 on a $403,000 Somerset County-area home. Gift funds are allowed.
- Is Somerset County a high-cost FHA area?
- No — Somerset County uses the $541,287 national floor for one unit.