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FHA loans in Saco, ME

Quick answer

The 2026 FHA loan limit in Saco, ME (York County) is $615,250 for a single-family home, enough for a purchase price up to about $637,000 with 3.5% down. On the $370,300 median home value, that down payment is about $12,961 and the estimated payment is $3,062/month at 7.18%, which needs roughly $132,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $84,328; value-to-income ratio 4.39. Saco ranks 3 by home value and 8 by population among 13 places in our ME dataset.

What does an FHA loan cost on a typical Saco home?

ItemSaco
Median home value (Census ACS)$370,300
Maine median home value$266,400
Down payment (3.5%)$12,961
Loan incl. 1.75% upfront MIP$363,593
Estimated monthly payment (PITI + MI)$3,062
Income needed (28% / 36%)$132,000 / $103,000
York County 2026 FHA limit (1 unit)$615,250
Max purchase price at the limit$637,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Maine's 1.10% effective property tax rate (Census ACS), $1,150/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Saco?

Saco is in York County where HUD's 2026 one-unit FHA limit is $615,250. With the minimum 3.5% down, that caps the purchase price at about $637,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Saco median home value of $370,300 is 39% above the Maine median, and within what the county limit supports.

Which down payment assistance programs can Saco buyers use?

FHA loans in nearby cities

BiddefordSouth PortlandWestbrookPortlandSanfordBrunswick

FHA loan FAQs for Saco

Saco is in York County, where HUD's 2026 FHA limit for a one-unit home is $615,250. With 3.5% down, that supports a purchase price up to about $637,000.

3.5% of $370,300 is about $12,961 with a 580+ credit score (10%, or $37,030, with a 500–579 score), plus closing costs.

At the $370,300 median value (above the Maine median of $266,400), the estimated payment of $3,062/month at 7.18% needs about $132,000 a year under the 28% housing guideline, or $103,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.