Skip to content
Purchase Mortgage Loan
Get Pre-Approved

FHA loans in South Portland, ME

Quick answer

The 2026 FHA loan limit in South Portland, ME (Cumberland 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 $405,800 median home value, that down payment is about $14,203 and the estimated payment is $3,346/month at 7.18%, which needs roughly $144,000 a year in income.

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

Median household income: $84,563; value-to-income ratio 4.80. South Portland ranks 2 by home value and 4 by population among 13 places in our ME dataset.

What does an FHA loan cost on a typical South Portland home?

ItemSouth Portland
Median home value (Census ACS)$405,800
Maine median home value$266,400
Down payment (3.5%)$14,203
Loan incl. 1.75% upfront MIP$398,450
Estimated monthly payment (PITI + MI)$3,346
Income needed (28% / 36%)$144,000 / $112,000
Cumberland 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 South Portland?

South Portland is in Cumberland 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 South Portland median home value of $405,800 is 52% above the Maine median, and within what the county limit supports.

Which down payment assistance programs can South Portland buyers use?

FHA loans in nearby cities

PortlandWestbrookSacoBiddefordBrunswickSanford

FHA loan FAQs for South Portland

South Portland is in Cumberland 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 $405,800 is about $14,203 with a 580+ credit score (10%, or $40,580, with a 500–579 score), plus closing costs.

At the $405,800 median value (above the Maine median of $266,400), the estimated payment of $3,346/month at 7.18% needs about $144,000 a year under the 28% housing guideline, or $112,000 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.

Get matched with FHA lenders in South Portland

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

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.