Bangor VA Loan Rates, Closing Costs & Stats

BANGOR, ME

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Bangor's 44 lenders originated 299 VA loans during 2024. The total origination value was $88,065,000, with an average VA loan value of $294,532.

    Bangor VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Bangor averaged 0.63% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Bangor's average VA mortgage closing costs are $5,514.

    The average rate for the prior week (2025-06-13) was 7.08% and one month ago for the week of 2025-05-16, the average rate was 6.64%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.13%.

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

    Bangor VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 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
    Mortgage Research Center, LLC 70 6.39% $4,833
    UNITED WHOLESALE MORTGAGE, LLC 44 6.07% $7,088
    LEADERONE FINANCIAL CORPORATION 14 6.81% $9,614
    QUICKEN LOANS, LLC 14 5.78% $8,526
    NEWREZ LLC 12 6.21% $7,375
    Bangor Savings Bank 11 5.99% $6,631
    CMG MORTGAGE, INC. 11 6.47% $10,636
    FREEDOM MORTGAGE CORPORATION 10 6.38% $12,551
    USAA Federal Savings Bank 9 6.13% $4,719
    PENNYMAC LOAN SERVICES, LLC 8 5.84% $6,341
    NAVY FEDERAL CREDIT UNION 6 5.98% $4,932
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 6.45% $6,421
    LOANDEPOT.COM, LLC 5 6.52% $9,355
    The Camden National Bank 5 5.60% $8,763
    The Federal Savings Bank 5 6.50% $11,107
    TOTAL MORTGAGE SERVICES, LLC 5 7.30% $8,167
    NEW DAY FINANCIAL, LLC 5 7.09% $9,106
    CROSSCOUNTRY MORTGAGE, LLC 3 6.54% $8,834
    GUILD MORTGAGE COMPANY 3 6.88% $5,677
    LAKEVIEW LOAN SERVICING, LLC 3 5.25% $5,541
    VILLAGE CAPITAL MORTGAGE 3 5.66% $7,796
    Carrington Mortgage Services, LLC 2 6.31% $8,190
    AMERISAVE MORTGAGE CORPORATION 2 5.56% $14,880
    Flagstar Bank, FSB 2 5.28% $10,681
    AMERICAN FINANCIAL RESOURCES, INC. 2 7.31% $5,580
    PLANET HOME LENDING, LLC 2 6.18% $3,268
    CUSO MORTGAGE CORPORATION 2 5.98% $4,934
    Century Mortgage Company DBA Century Lending Company 1 6.25% $4,997
    PENTAGON FEDERAL CREDIT UNION 1 5.63% $1,596
    PHH Mortgage Corporation 1 5.63% $5,217
    PLAZA HOME MORTGAGE, INC. 1 7.25% $4,763
    RADIUS FINANCIAL GROUP INC. 1 6.63% $1,707
    RUOFF MORTGAGE COMPANY, INC. 1 5.25% $12,779
    BROKER SOLUTIONS, INC. 1 6.75% $11,521
    Armed Forces Bank 1 5.25% $2,816
    American Mortgage & Equity Consultants, Inc. 1 7.25% $15,961
    Home Loan Investment Bank, F.S.B. 1 5.75% $5,344
    GUARANTEED RATE, INC. 1 6.13% $2,817
    ZILLOW HOME LOANS, LLC 1 6.75% $499
    GUARANTEED RATE AFFINITY, LLC 1 6.23% $1,417
    FIRST MORTGAGE COMPANY, INC. 1 6.25% $15,500
    NBKC BANK 1 5.88% $6,439
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $3,375
    NORTHPOINT MORTGAGE, INC. 1 6.63% $10,815

    The top Bangor VA lender as defined by loan originations is Mortgage Research Center, LLC, with 70 VA loans originated. Their average total fees are $4,833, which is $2,255 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Bangor VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,833), Bangor Savings Bank ($6,631), UNITED WHOLESALE MORTGAGE, LLC ($7,088), NEWREZ LLC ($7,375) and QUICKEN LOANS, LLC ($8,526).

    The lowest rate Bangor VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.78%), Bangor Savings Bank (5.99%), UNITED WHOLESALE MORTGAGE, LLC (6.07%), NEWREZ LLC (6.21%) and FREEDOM MORTGAGE CORPORATION (6.38%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.