Augusta - Waterville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Augusta - Waterville averaged
7.05%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.98% and
one month ago for the week of 2024-10-03, the
average rate was 6.28%.
Augusta - Waterville's average rate one year ago was 7.92%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.89%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Augusta - Waterville 30 Year Fixed Rate | 2024-11-07 | 7.05% |
| Augusta - Waterville 30 Year Fixed Rate Refi | 2024-11-07 | 6.89% |
| Augusta - Waterville 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Augusta - Waterville 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Augusta - Waterville 30 Year FHA | 2024-11-07 | 6.01% |
| Augusta - Waterville 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Augusta - Waterville 30 Year USDA | 2024-11-07 | 6.48% |
| Augusta - Waterville 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Augusta - Waterville 30 Year VA | 2024-11-07 | 6.43% |
| Augusta - Waterville 30 Year VA Refi | 2024-11-07 | 6.44% |
Augusta - Waterville Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Augusta-Waterville, ME market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Augusta - Waterville Average Closing Costs & Other Stats
Augusta-Waterville, ME's 105 lenders originated 2,590
loans during 2023. The total origination value was $523,120,000, with an average loan value of
$201,977.
Augusta - Waterville's average closing costs are $4,890.
The top Augusta - Waterville lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
71 loans originated. Their average total fees are
$4,967, which is $2,026
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Augusta - Waterville lenders (with over 10 loans originated) are
Kennebec Savings Bank ($840), TD Bank ($3,267), Bangor Savings Bank ($3,728), The Camden National Bank ($3,851) and Androscoggin Savings Bank ($4,342).
The lowest rate Augusta - Waterville lenders (with over 10 loans originated) are
Bangor Savings Bank (6.55%), The Camden National Bank (6.63%), JPMorgan Chase Bank (6.69%), Androscoggin Savings Bank (6.73%) and QUICKEN LOANS, LLC (6.77%).
Augusta-Waterville, ME Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Kennebec Savings Bank | $159,185,000 | $98,840,000 | -37.9% | 18.9% |
| GUILD MORTGAGE COMPANY | $39,815,000 | $44,510,000 | 11.8% | 8.5% |
| Bangor Savings Bank | $50,095,000 | $41,610,000 | -16.9% | 8.0% |
| The Camden National Bank | $33,020,000 | $25,960,000 | -21.4% | 5.0% |
| CMG MORTGAGE, INC. | $19,760,000 | $22,565,000 | 14.2% | 4.3% |
| QUICKEN LOANS, LLC | $39,455,000 | $22,075,000 | -44.1% | 4.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $21,740,000 | $21,135,000 | -2.8% | 4.0% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,785,000 | $17,045,000 | -21.8% | 3.3% |
| Mortgage Research Center, LLC | $11,765,000 | $11,005,000 | -6.5% | 2.1% |
| Androscoggin Savings Bank | $8,985,000 | $10,350,000 | 15.2% | 2.0% |
| TD Bank | $10,540,000 | $10,140,000 | -3.8% | 1.9% |
| NORTHPOINT MORTGAGE, INC. | $5,865,000 | $9,230,000 | 57.4% | 1.8% |
| Skowhegan Savings Bank | $12,205,000 | $8,305,000 | -32.0% | 1.6% |
| USAA Federal Savings Bank | $2,265,000 | $5,840,000 | 157.8% | 1.1% |
| T2 FINANCIAL LLC | $4,200,000 | $5,565,000 | 32.5% | 1.1% |
| Maine Community Bank | $1,220,000 | $5,005,000 | 310.2% | 1.0% |
| ATLANTIC REGIONAL FEDERAL CREDIT UNION | $4,095,000 | $4,870,000 | 18.9% | 0.9% |
| Machias Savings Bank | $5,625,000 | $4,595,000 | -18.3% | 0.9% |
| INTEGRITY MORTGAGE LLC | $2,450,000 | $4,280,000 | 74.7% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $7,770,000 | $4,215,000 | -45.8% | 0.8% |
| SIS BANCORP, MHC | $2,570,000 | $4,185,000 | 62.8% | 0.8% |
| HARBORONE MORTGAGE, LLC | $895,000 | $4,090,000 | 357.0% | 0.8% |
| CPORT | $3,750,000 | $3,990,000 | 6.4% | 0.8% |
| DAS Acquisition Company, LLC | $7,215,000 | $3,900,000 | -45.9% | 0.7% |
| TOTAL MORTGAGE SERVICES, LLC | $2,905,000 | $3,790,000 | 30.5% | 0.7% |
| NEWREZ LLC | $3,375,000 | $3,615,000 | 7.1% | 0.7% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $13,825,000 | $3,260,000 | -76.4% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $8,580,000 | $3,225,000 | -62.4% | 0.6% |
| LOANDEPOT.COM, LLC | $7,640,000 | $3,160,000 | -58.6% | 0.6% |
| ACADEMY MORTGAGE CORPORATION | $2,640,000 | $3,100,000 | 17.4% | 0.6% |
| First National Bank | $24,610,000 | $3,010,000 | -87.8% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $2,395,000 | $2,910,000 | 21.5% | 0.6% |
| KeyBank | $9,820,000 | $2,885,000 | -70.6% | 0.6% |
| CUSO MORTGAGE CORPORATION | $3,735,000 | $2,820,000 | -24.5% | 0.5% |
| JPMorgan Chase Bank | $4,440,000 | $2,740,000 | -38.3% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $3,890,000 | $2,670,000 | -31.4% | 0.5% |
| FIVE COUNTY | $2,200,000 | $2,615,000 | 18.9% | 0.5% |
| Bath Savings Institution | $1,715,000 | $2,440,000 | 42.3% | 0.5% |
| Bank of America | $3,760,000 | $2,410,000 | -35.9% | 0.5% |
| CALIBER HOME LOANS, INC. | $6,430,000 | $2,260,000 | -64.9% | 0.4% |
| Saco & Biddeford Savings Institution | $895,000 | $2,145,000 | 139.7% | 0.4% |
| LEADERONE FINANCIAL CORPORATION | $3,580,000 | $1,960,000 | -45.3% | 0.4% |
| Maine Savings Federal Credit Union | $1,765,000 | $1,840,000 | 4.2% | 0.4% |
| BROKER SOLUTIONS, INC. | $2,660,000 | $1,805,000 | -32.1% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,950,000 | $1,790,000 | -39.3% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $5,240,000 | $1,665,000 | -68.2% | 0.3% |
| University Credit Union | $2,260,000 | $1,645,000 | -27.2% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $4,005,000 | $1,580,000 | -60.5% | 0.3% |
| Norway Savings Bank | $2,190,000 | $1,575,000 | -28.1% | 0.3% |
| Gorham Savings Bank | $2,360,000 | $1,570,000 | -33.5% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $1,815,000 | $1,565,000 | -13.8% | 0.3% |
| Discover Bank | $1,250,000 | $1,540,000 | 23.2% | 0.3% |
| Citizens Bank | $2,575,000 | $1,450,000 | -43.7% | 0.3% |
| Flagstar Bank, FSB | $300,000 | $1,320,000 | 340.0% | 0.3% |
| PEOPLESCHOICE CREDIT UNION | $155,000 | $1,245,000 | 703.2% | 0.2% |
| Leader Bank | $1,020,000 | $1,240,000 | 21.6% | 0.2% |
| First Federal Savings and Loan Association of Bath | $1,225,000 | $1,060,000 | -13.5% | 0.2% |
| Katahdin Trust Company | $1,715,000 | $1,035,000 | -39.7% | 0.2% |
| Servion, Inc. | $525,000 | $1,015,000 | 93.3% | 0.2% |
| TRADEMARK | $1,370,000 | $950,000 | -30.7% | 0.2% |
| EMBRACE HOME LOANS, INC. | $1,885,000 | $945,000 | -49.9% | 0.2% |
| Coastal Community Bank | $940,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $845,000 | $930,000 | 10.1% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $700,000 | $880,000 | 25.7% | 0.2% |
| Citibank | $865,000 | n/a | 0.2% | |
| TOWN & COUNTRY FEDERAL CREDIT UNION | $1,175,000 | $850,000 | -27.7% | 0.2% |
| CUMBERLAND COUNTY | $540,000 | $825,000 | 52.8% | 0.2% |
| Dirigo Federal Credit Union | $1,990,000 | $805,000 | -59.5% | 0.2% |
| Mascoma Bank | $480,000 | $780,000 | 62.5% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,470,000 | $770,000 | -82.8% | 0.1% |
| Wells Fargo Bank | $2,655,000 | $770,000 | -71.0% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $3,205,000 | $765,000 | -76.1% | 0.1% |
| M&T Bank | $1,590,000 | $750,000 | -52.8% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $370,000 | $740,000 | 100.0% | 0.1% |
| Morgan Stanley Private Bank | $820,000 | $735,000 | -10.4% | 0.1% |
| POLARIS HOME FUNDING CORP. | $715,000 | n/a | 0.1% | |
| SEBASTICOOK VALLEY Federal Credit Union | $765,000 | $705,000 | -7.8% | 0.1% |
| EVERGREEN | $145,000 | $700,000 | 382.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,480,000 | $700,000 | -71.8% | 0.1% |
| TRUCHOICE | $360,000 | $700,000 | 94.4% | 0.1% |
| Farmers Bank & Trust | $690,000 | n/a | 0.1% | |
| FREEDOM MORTGAGE CORPORATION | $5,160,000 | $675,000 | -86.9% | 0.1% |
| Bar Harbor Bank & Trust | $2,610,000 | $645,000 | -75.3% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $970,000 | $640,000 | -34.0% | 0.1% |
| MEGASTAR FINANCIAL CORP. | $945,000 | $635,000 | -32.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $1,150,000 | $600,000 | -47.8% | 0.1% |
| Century Mortgage Company DBA Century Lending Company | $600,000 | n/a | 0.1% | |
| NexBank | $590,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $490,000 | $580,000 | 18.4% | 0.1% |
| STAR ONE CREDIT UNION | $575,000 | n/a | 0.1% | |
| Evolve Bank & Trust | $560,000 | n/a | 0.1% | |
| Saco Valley Credit Union | $540,000 | n/a | 0.1% | |
| The Federal Savings Bank | $1,670,000 | $540,000 | -67.7% | 0.1% |
| Quontic Bank | $1,060,000 | $530,000 | -50.0% | 0.1% |
| Fall River Five Cents Savings Bank | $360,000 | $525,000 | 45.8% | 0.1% |
| 21ST MORTGAGE CORPORATION | $560,000 | $515,000 | -8.0% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,120,000 | $510,000 | -75.9% | 0.1% |
| PNC Bank | $145,000 | $495,000 | 241.4% | 0.1% |
| MAINE FAMILY | $685,000 | $480,000 | -29.9% | 0.1% |
| Northpointe Bank | $510,000 | $480,000 | -5.9% | 0.1% |
| Acadia Federal Credit Union | $365,000 | $435,000 | 19.2% | 0.1% |
| LISBON COMMUNITY | $405,000 | $435,000 | 7.4% | 0.1% |
| ARC HOME LLC | $425,000 | n/a | 0.1% | |
| Avidia Bank | $395,000 | n/a | 0.1% | |
| SALEM FIVE MORTGAGE COMPANY, LLC | $385,000 | n/a | 0.1% | |
| U.S. Bank | $1,005,000 | $385,000 | -61.7% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $380,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $1,825,000 | $375,000 | -79.5% | 0.1% |
| NORTHEAST CREDIT UNION | $995,000 | $375,000 | -62.3% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,180,000 | $375,000 | -68.2% | 0.1% |
| A&D Mortgage LLC | $245,000 | $370,000 | 51.0% | 0.1% |
| Auburn Savings Bank, FSB | $370,000 | n/a | 0.1% | |
| NORTHEAST HOME LOAN, LLC | $455,000 | $370,000 | -18.7% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $225,000 | $365,000 | 62.2% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $345,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $2,785,000 | $335,000 | -88.0% | 0.1% |
| DIGITAL Federal Credit Union | $565,000 | $320,000 | -43.4% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $315,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $315,000 | n/a | 0.1% | |
| OCMBC, INC. | $315,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $205,000 | $310,000 | 51.2% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $305,000 | n/a | 0.1% | |
| MLD MORTGAGE INC. | $305,000 | n/a | 0.1% | |
| NBH Bank | $305,000 | n/a | 0.1% | |
| BELCO COMMUNITY CREDIT UNION | $295,000 | n/a | 0.1% | |
| First Central Savings Bank | $295,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $295,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $935,000 | $270,000 | -71.1% | 0.1% |
| SOUTHWEST STAGE FUNDING, LLC | $265,000 | n/a | 0.1% | |
| Service Federal Credit Union | $210,000 | $260,000 | 23.8% | 0.0% |
| First Carolina Bank | $255,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $245,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $245,000 | n/a | 0.0% | |
| RADIUS FINANCIAL GROUP INC. | $245,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $1,135,000 | $240,000 | -78.9% | 0.0% |
| EMM LOANS LLC | $195,000 | $235,000 | 20.5% | 0.0% |
| NBKC BANK | $795,000 | $235,000 | -70.4% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $220,000 | n/a | 0.0% | |
| Reading Co-Operative Bank | $220,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $215,000 | n/a | 0.0% | |
| CARDINAL FINANCIAL | $615,000 | $215,000 | -65.0% | 0.0% |
| Alerus Financial | $320,000 | $205,000 | -35.9% | 0.0% |
| Armed Forces Bank | $205,000 | n/a | 0.0% | |
| MASSMUTUAL | $205,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $195,000 | n/a | 0.0% | |
| Farm Credit East, ACA | $570,000 | $195,000 | -65.8% | 0.0% |
| Fifth Third Bank | $185,000 | n/a | 0.0% | |
| Nations Lending Corporation | $85,000 | $185,000 | 117.6% | 0.0% |
| ENVOY MORTGAGE, LTD | $260,000 | $175,000 | -32.7% | 0.0% |
| HOMEXPRESS MORTGAGE CORP. | $175,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $175,000 | n/a | 0.0% | |
| NEW FED MORTGAGE, CORP. | $165,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $165,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $260,000 | $155,000 | -40.4% | 0.0% |
| Ally Bank | $205,000 | $145,000 | -29.3% | 0.0% |
| Semper Home Loans, Inc. | $145,000 | n/a | 0.0% | |
| ST. MARY'S BANK | $145,000 | n/a | 0.0% | |
| Truist | $145,000 | n/a | 0.0% | |
| Arvest Bank | $125,000 | $125,000 | 0.0% | 0.0% |
| BNC National Bank | $125,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $125,000 | n/a | 0.0% | |
| MORTGAGE EQUITY PARTNERS LLC | $545,000 | $125,000 | -77.1% | 0.0% |
| GENEVA FINANCIAL, LLC | $115,000 | n/a | 0.0% | |
| Connexus Credit Union | $95,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $125,000 | $95,000 | -24.0% | 0.0% |
| Down East Credit Union | $1,370,000 | $85,000 | -93.8% | 0.0% |
| UniBank for Savings | $75,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $130,000 | $55,000 | -57.7% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $45,000 | n/a | 0.0% | |
| TOWER | $35,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $35,000 | n/a | 0.0% |
Augusta - Waterville's top lender by overall market share is Kennebec Savings Bank, with 18.9% market share. In second place, with 8.5%, is GUILD MORTGAGE COMPANY, having originated $44,510,000 in loans. In third place, with 8.0%, is Bangor Savings Bank, having originated $41,610,000 in loans. In fourth place, with 5.0%, is The Camden National Bank, having originated $25,960,000 in loans. In fifth place, with 4.3%, is CMG MORTGAGE, INC., having originated $22,565,000 in loans.
Augusta-Waterville, ME Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,470 | $396,720,000 | $269,878 |
| Home Improvement | 443 | $32,805,000 | $74,052 |
| Refi | 227 | $33,375,000 | $147,026 |
| Cash Out Refi | 227 | $40,625,000 | $178,965 |
| Other | 223 | $19,595,000 | $87,870 |
Augusta - Waterville's most frequently cited loan purpose was Home Purchase, with 1,470 originations. The 2nd most popular reason was Home Improvement, with 443 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 811 | $157,175,000 | $193,804 |
| 6-7% | 808 | $199,800,000 | $247,277 |
| Over 8% | 460 | $54,880,000 | $119,304 |
| 5-6% | 284 | $68,130,000 | $239,894 |
| 4-5% | 36 | $8,530,000 | $236,944 |
| <2.5% | 3 | $475,000 | $158,333 |
| 3-4% | 2 | $270,000 | $135,000 |
During 2023, Augusta - Waterville's most frequently originated rate bucket was 7-8%, with 811 originations.
Loan Sizing (Augusta-Waterville, ME MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 953 | $260,535,000 | $273,384 |
| $100,000 or less | 736 | $37,000,000 | $50,272 |
| $100k-200k | 707 | $104,325,000 | $147,560 |
| $400k-600k | 147 | $69,085,000 | $469,966 |
| $600k-1000k | 36 | $25,560,000 | $710,000 |
| $Over $1MM | 11 | $26,615,000 | $2,419,545 |
Augusta - Waterville's loan sizing saw the bucket of loans from $200k-400k with 953 originations, totaling $260,535,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 858 | $236,830,000 | $276,026 |
| 60-80% | 521 | $142,095,000 | $272,735 |
| Under 20% | 400 | $17,760,000 | $44,400 |
| 20-40% | 331 | $32,095,000 | $96,964 |
| 40-60% | 252 | $46,270,000 | $183,611 |
| Over 100% | 32 | $12,290,000 | $384,063 |
Augusta - Waterville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 858 originations, totaling $236,830,000 in origination value.