BEST MAINE MORTGAGE LENDERS

BEST MAINE MORTGAGE LENDERS June 2023

If you are interested in buying a house in Maine this post will help you. Maine has many mortgage lenders but it is important to compare and get the best mortgage lender. As a borrower, there are several points you need to observe and these are;

  • Check your finances
  • Determine your budget
  • Know your mortgage options
  • Compare rates and terms from many lenders
  • Have an approval for mortgage
  • Read the print well

As recorded by the U.S. Census Bureau, Maine has 739,000 housing units and a homeownership rate of 73% Maine has a median house value of about $341,000 which is lower than the national median value of $350.300. Maine has regions with high house costs and also regions with low house costs.

Here is the listing of the best Maine Mortgage Lenders;

Best Maine Mortgage Lenders June 2023

1.Homefinity;- Homefinity has a minimum down payment of 3% and a minimum credit score which is not disclosed to the public.

2.Caliber Home Loans;- Caliber home loans have a minimum down payment of 3% and a minimum credit score of 620.

3.Carrington Mortgage;- Carrington Mortgage has a minimum down payment of 3% and a minimum credit score of 620.

4.PenFed Credit Union;- PenFed Credit Union has a minimum down payment of 0% for VA loan and minimum credit score of 620.

5.Truist Bank;- Truist Bank has a minimum down payment of 3% and a minimum credit score which is not disclosed to the public.

6.Chase;- Chase has a minimum down payment of 3% and a minimum credit score which is not disclosed to the public.

7.Lower.com ;- Lower.com has a minimum down payment of 3% and a minimum credit score of 620.

8.AmeriSave;- AmeriSave has a minimum down payment of 3% and a minimum credit score of 620.

9.Veterans United Home Loan;- Veterans United Home Loan has a minimum down payment of 3% and minimum credit score of 620.

10.PNC;- PNC has a minimum down payment of 3% and a minimum credit score of 620.

Review of the best Maine mortgage lenders June 2023

1.Homefinity – Best for online application and Approval

2.Caliber Home Loans – Best for online service

3.Carrington Mortgage – Best for borrowers with bad credit

4.PenFe d Credit Union – Best for lender credit and no lender fee

5.Truist Bank – Best for client relations

6.Chase – Best for low costs

7.Lower.com – Best for borrowers who prefer digital home lending

8.AmeriSave – Best for mortgage variety

9.Veterans United Home Loan – Best for Veterans Affairs loans

10.PNC – Best for low down-payment

  • For a 30-year fixed-rate the average interest rate for a mortgage in Maine is 2.89% and the Home interest rates range from 2.5% to 3.63% in Maine.

Other Maine mortgage Lenders June 2023

  • PrimeLending – best for digital customer care
  • Real Genius – best for online application
  • Guild Mortgage – best for product selection
  • Sofi – best for online service
  • CMG Financial – best for first-time borrowers who want to crowd-fund their down payment.
  • Freedom Mortgage – best for product availability
  • LoanDepot – best for a digital-first mortgage
  • Alliant Credit Union – best for no down payment
  • Rocket Mortgage – best for customer service
  • Navy Federal Credit Union – best for low-interest Veterans Affairs loans

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