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Maine VA Loans

Deciding to purchase a house in the scenic state of Maine is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.

Published on January 7, 2021

With the average listing price of a home in Maine landing at $432,248, the VA loan’s signature $0-money-down benefit is a considerable advantage for Maine homebuyers.

See also: VA Loan Options for Other States

How to get a VA Loan in Maine

VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Lewiston, ME, you'll need to find a lender licensed in Maine to do the loan.

Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV or NY. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender

Other Considerations for Getting a VA Loan in Maine

VA borrowers in Maine should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.

Maine VA Loan Limits

As of January 1, 2020, VA borrowers in Maine with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, veterans without their full VA loan entitlement are still bound to Maine’s VA loan limits.

As of Jan 1, 2021, VA loan limits for all counties in Maine are $548,250.

Property Taxes in Maine

Another consideration for VA buyers in Maine is property taxes. For certain VA buyers, there are exemptions.

You may be eligible for a property tax exemption in Maine if you meet one of the following conditions:

  • If you are 62 of age or older, or 100% disabled may receive a property tax exemption of up to $6,000 on your primary residence.
  • Other exemptions exist for Veterans that are paraplegic, and spouses under certain circumstances.


If you are required to pay property tax in Maine, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:

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County Property Tax Rate
Androscoggin County 1.71%
Aroostook County 1.46%
Cumberland County 1.39%
Franklin County 1.25%
Hancock County 1.00%
Kennebec County 1.37%
Knox County 1.32%
Lincoln County 1.08%
Oxford County 1.33%
Penobscot County 1.45%
Piscataquis County 1.24%
Sagadahoc County 1.38%
Somerset County 1.30%
Waldo County 1.29%
Washington County 1.30%
York County 1.27%

How VA Loans Work in Maine

View the graphic below to learn more about how VA loans work in Maine.

How Maine VA Loans work How Maine VA Loans work How Maine VA Loans work