Find USDA Eligible Properties in Penobscot County
Looking to buy in Penobscot County, Maine?
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Start your search for USDA loan eligible properties in the cities of Penobscot County, ME 
* cities most likely to have USDA loan eligible properties for sale.
*Alton • Arey • Back Settlement • Bangor • Basin Mills • Billings Hill • *Bradford • Bradford Center • Bradford Station • *Bradley • *Brewer • *Burlington • Cardville • *Carmel • *Carroll • *Charleston • *Chester • *Clifton • Coburn • Cold Brook • *Corinna • Corinna Center • *Corinth • Costigan • Crocker Turn • Crockertown • Damascus • *Dexter • *Dixmont • Dixmont Center • Dolby • *Drew • East Bangor • East Corinth • East Dixmont • East Eddington • East Exeter • East Hampden • East Holden • East Lowell • *East Millinocket • East Newport • East Orrington • East Winn • *Eddington • *Edinburg • *Enfield • *Etna • Etna Center • *Exeter • Exeter Center • Exeter Mills • French Mill • French Settlement • *Garland • Gerry • Gilford • *Glenburn • Glenburn Center • Gould Landing • *Greenbush • Greenfield • Grindstone • *Hampden • Hampden Center • Hampden Highlands • Hampden Station • Hardy Hill • Hay Brook • *Hermon • Hermon Center • Hermon Pond • Higginsville • *Holden • *Howland • *Hudson • Huntington Mill • Jordan Mills • *Kenduskeag • Kingman • *Lagrange • *Lakeville • *Lee• • •
| What is a USDA Loan? |
| The USDA 502 Guaranteed Loan Program is designed to help homebuyers in eligible rural areas secure affordable housing with no down payment required. Backed by the U.S. Department of Agriculture, this loan offers competitive interest rates, flexible credit requirements, and lower mortgage insurance costs compared to conventional loans. Borrowers work with approved lenders, and the USDA provides a guarantee, reducing the lender’s risk and making homeownership more accessible. |
| Take the First Step Toward 0% Down Financing |
• *Levant • *Lincoln • Lincoln Center • Lincoln Mills • *Lowell • Lucky Landing • *Mattawamkeag • *Maxfield • McGregor Mill • Meadowville • *Medway • *Milford • *Millinocket • Morgan Beach • *Mount Chase • *Newburgh • Newburgh Center • Newburgh Village • *Newport • Norcross • North Bradford • North Dexter • North Dixmont • North Hermon • North Lincoln • North Newburgh • North Newport • North Orrington • Olamon • *Old Town • *Orono • *Orrington • Orrington Center • *Passadumkeag • *Patten • Pea Cove • Pea Ridge • Perkins • *Plymouth • Prentiss • Robyville • Rollins Mill • Rollins Mills • Sandy Beach • Saponac • *Seboeis • Sherman Station • Shin Pond • Siberia • Silvers Mills • Six Mile Falls • South Corinth • South Exeter • South Lagrange • South Levant • South Lincoln • South Newburgh • South Orrington • South Springfield • South Woodville • Spooners Mill • Spragues Mill • *Springfield • *Stacyville • *Stetson • Stillwater Avenue • Twin Brook • *Veazie • Villa Vaughn • Webb Hill • *Webster • West Bangor • West Charleston • West Corinth • West Enfield • West Glenburn • West Hampden • West Levant • West Seboeis • *Winn • *Woodville
There are 1,649 USDA backed residential loans in Penobscot county with an average loan balance of $113,190. Over 84% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $118,671. On average the rural home size purchased with this loan was approximately 1,344 SqFt. Penobscot county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
The size of Penobscot County is roughly 9,207 square kilometers. USDA defined regions of rural loan ineligibility in Penobscot cover 89 square kilometers of the county. Approximately 1.0% of Penobscot County is ineligible for traditional USDA home loans. The influence score for Penobscot County is 2. Look below for the interactive county level map illustration below for more details.
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Penobscot County.
View the detailed USDA boundaries and read about general conditions of
Penobscot County, Maine
.Penobscot County is located in the northeastern part of Maine, USA. Established on February 15, 1816, it was named after the Penobscot River, which has its eastern boundary. The river, in turn, derives its name from the Penobscot Indian Nation, a Native American tribe indigenous to the region.
The Penobscot River played a crucial role in the early history of the county, providing an essential transportation route for the local logging industry. Bangor, the county's seat, gradually emerged as a prominent lumber and shipbuilding center beginning in the early 19th century. The area also attracted European settlers, particularly English and Irish migrants seeking economic opportunities.
Throughout the 19th century, Penobscot County's economy evolved, encompassing paper production, textiles, and metalwork. In the 20th century, manufacturing plants for footwear and automobiles were established, further diversifying the economy. Today, the county's economy has grown to include healthcare, retail, and education services.
A fun fact about Penobscot County is that Bangor, its largest city, claims to be the birthplace of the legendary lumberjack character Paul Bunyan. A 31-foot tall statue of Paul Bunyan, erected in 1959, stands in Bangor as a tribute to the region's rich lumbering history.
Featured Cities of Maine
browse list of realtors working in Penobscot CountyPenobscot county has 1 usdaproperties.com realtor ready to help with your search!
| May 2025 Featured Agent | |
|---|---|
| Stanley Russell | from Realty of Maine |
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