Bangor USDA Loan Rates, Closing Costs & Stats

BANGOR, ME

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Bangor's 14 lenders originated 47 USDA loans during 2024. The total origination value was $10,255,000, with an average USDA loan value of $218,191.

Bangor USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bangor averaged 0.38% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Bangor's average USDA mortgage closing costs are $4,638.

The average rate for the prior week (2025-06-27) was 6.52% and one month ago for the week of 2025-05-30, the average rate was 6.5%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.12%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Bangor USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bangor level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Bangor Savings Bank 22 5.69% $5,848
UNITED WHOLESALE MORTGAGE, LLC 4 6.32% $6,583
CUSO MORTGAGE CORPORATION 3 5.78% $5,560
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 5.95% $5,572
University Credit Union 2 5.66% $5,851
EMBRACE HOME LOANS, INC. 1 5.95% $5,817
CROSSCOUNTRY MORTGAGE, LLC 1 5.95% $5,287
GUARANTEED RATE, INC. 1 5.75% $7,171
LOANDEPOT.COM, LLC 1 6.50% $11,387
Machias Savings Bank 1 5.38% $4,501
NEWREZ LLC 1 6.25% $8,304
TOTAL MORTGAGE SERVICES, LLC 1 5.95% $4,593
CMG MORTGAGE, INC. 1 4.95% $5,231
Century Mortgage Company DBA Century Lending Company 1 7.00% $9,285

The top Bangor USDA lender as defined by loan originations is Bangor Savings Bank, with 22 USDA loans originated. Their average total fees are $5,848, which is $735 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Bangor USDA lenders (with over 10 loans originated) are Bangor Savings Bank ($5,848), .

The lowest rate Bangor USDA lenders (with over 10 loans originated) are Bangor Savings Bank (5.69%), .