203b Loan Limits for Home Equity Conversion Mortgages in Maine
Maine 203-b Limit
A 203-b Limit is the dollar limit in each county for how much of a home's value can be used to determine the amount of money you can get from a federally insured HECM reverse mortgage; the name comes from Section 203-b of the National Housing Act. The following table shows the current 203-b limits for each county in the State of Maine:| State | County | HECM Single Family Limit |
Last Revised |
|---|---|---|---|
| ME | WALDO | $ 200,160 | 20080305 |
| ME | SOMERSET | $ 200,160 | 20080305 |
| ME | KENNEBEC | $ 200,160 | 20080305 |
| ME | OXFORD | $ 200,160 | 20080305 |
| ME | WASHINGTON | $ 200,160 | 20080305 |
| ME | PENOBSCOT | $ 200,160 | 20080305 |
| ME | ANDROSCOGGIN | $ 200,160 | 20060101 |
| ME | PISCATAQUIS | $ 200,160 | 20080305 |
| ME | KNOX | $ 200,160 | 20080305 |
| ME | SAGADAHOC | $ 256,025 | 20060101 |
| ME | CUMBERLAND | $ 256,025 | 20060101 |
| ME | LINCOLN | $ 241,395 | 20080101 |
| ME | FRANKLIN | $ 200,160 | 20080305 |
| ME | AROOSTOOK | $ 200,160 | 20080305 |
| ME | YORK | $ 256,025 | 20060101 |
| ME | HANCOCK | $ 207,100 | 20080101 |
