PORTLAND - SOUTH PORTLAND Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Portland - South Portland averaged
6.84%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.17% and
one month ago for the week of 2025-05-15, the
average rate was 7.14%.
Portland - South Portland's average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.22%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Portland - South Portland 30 Year Fixed Rate | 2025-06-18 | 6.84% |
| Portland - South Portland 30 Year Fixed Rate Refi | 2025-06-18 | 7.22% |
| Portland - South Portland 15 Year Fixed Rate | 2025-06-18 | 6.93% |
| Portland - South Portland 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Portland - South Portland 30 Year FHA | 2025-06-18 | 0.09% |
| Portland - South Portland 30 Year FHA Refi | 2025-06-18 | -0.55% |
| Portland - South Portland 30 Year USDA | 2025-06-18 | -0.2% |
| Portland - South Portland 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Portland - South Portland 30 Year VA | 2025-06-18 | 0.08% |
| Portland - South Portland 30 Year VA Refi | 2025-06-18 | -0.6% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within PORTLAND-SOUTH PORTLAND, ME.
PORTLAND - SOUTH PORTLAND 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 PORTLAND-SOUTH PORTLAND, 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.).
PORTLAND - SOUTH PORTLAND Average Closing Costs & Other Stats
PORTLAND-SOUTH PORTLAND, ME's 220 lenders originated 14,156
loans during 2024. The total origination value was $4,527,320,000, with an average loan value of
$319,816.
PORTLAND - SOUTH PORTLAND's average closing costs are $5,168.
The top PORTLAND - SOUTH PORTLAND lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
592 loans originated. Their average total fees are
$6,995, which is $2,227
higher than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee PORTLAND - SOUTH PORTLAND lenders (with over 10 loans originated) are
Saco Valley Credit Union ($3,144), TOWN & COUNTRY FEDERAL CREDIT UNION ($3,280), NAVY FEDERAL CREDIT UNION ($3,292), Deere Employees Credit Union ($3,353) and Servion, Inc. ($3,452).
The lowest rate PORTLAND - SOUTH PORTLAND lenders (with over 10 loans originated) are
Deere Employees Credit Union (5.68%), Raymond James Bank (5.83%), Service Federal Credit Union (6.05%), Morgan Stanley Private Bank (6.06%) and EVERGREEN (6.20%).
PORTLAND-SOUTH PORTLAND, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $248,050,000 | $368,190,000 | 48.4% | 8.1% |
| Bangor Savings Bank | $277,325,000 | $328,980,000 | 18.6% | 7.3% |
| CMG MORTGAGE, INC. | $184,425,000 | $277,555,000 | 50.5% | 6.1% |
| GUILD MORTGAGE COMPANY | $177,710,000 | $255,190,000 | 43.6% | 5.6% |
| The Camden National Bank | $210,145,000 | $237,035,000 | 12.8% | 5.2% |
| QUICKEN LOANS, LLC | $110,080,000 | $136,530,000 | 24.0% | 3.0% |
| TD Bank | $93,830,000 | $110,655,000 | 17.9% | 2.4% |
| Norway Savings Bank | $116,395,000 | $97,405,000 | -16.3% | 2.2% |
| Androscoggin Savings Bank | $91,820,000 | $94,960,000 | 3.4% | 2.1% |
| TOWN & COUNTRY FEDERAL CREDIT UNION | $61,885,000 | $88,175,000 | 42.5% | 1.9% |
| Kennebunk Savings Bank | $71,100,000 | $85,565,000 | 20.3% | 1.9% |
| Saco & Biddeford Savings Institution | $104,010,000 | $84,635,000 | -18.6% | 1.9% |
| CROSSCOUNTRY MORTGAGE, LLC | $18,620,000 | $78,725,000 | 322.8% | 1.7% |
| U.S. Bank | $18,040,000 | $72,700,000 | 303.0% | 1.6% |
| Gorham Savings Bank | $76,625,000 | $72,215,000 | -5.8% | 1.6% |
| NORTHPOINT MORTGAGE, INC. | $40,600,000 | $67,180,000 | 65.5% | 1.5% |
| BROKER SOLUTIONS, INC. | $6,360,000 | $64,295,000 | 910.9% | 1.4% |
| Bank of America | $48,300,000 | $62,580,000 | 29.6% | 1.4% |
| Bath Savings Institution | $70,080,000 | $60,085,000 | -14.3% | 1.3% |
| HARBORONE MORTGAGE, LLC | $24,465,000 | $54,360,000 | 122.2% | 1.2% |
| NORTHEAST CREDIT UNION | $38,435,000 | $52,985,000 | 37.9% | 1.2% |
| SIS BANCORP, MHC | $64,135,000 | $52,220,000 | -18.6% | 1.2% |
| TOTAL MORTGAGE SERVICES, LLC | $34,750,000 | $50,115,000 | 44.2% | 1.1% |
| Maine Community Bank | $60,645,000 | $49,175,000 | -18.9% | 1.1% |
| GUARANTEED RATE, INC. | $25,460,000 | $48,765,000 | 91.5% | 1.1% |
| MOVEMENT MORTGAGE, LLC | $42,085,000 | $45,560,000 | 8.3% | 1.0% |
| Wells Fargo Bank | $16,290,000 | $42,890,000 | 163.3% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $28,635,000 | $39,115,000 | 36.6% | 0.9% |
| Paramount Residential Mortgage Group, Inc. | $9,970,000 | $38,610,000 | 287.3% | 0.9% |
| JPMorgan Chase Bank | $35,275,000 | $36,815,000 | 4.4% | 0.8% |
| Citizens Bank | $37,630,000 | $36,740,000 | -2.4% | 0.8% |
| Machias Savings Bank | $34,830,000 | $35,015,000 | 0.5% | 0.8% |
| NEWREZ LLC | $35,600,000 | $32,735,000 | -8.0% | 0.7% |
| Mortgage Research Center, LLC | $20,575,000 | $32,510,000 | 58.0% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $24,980,000 | $32,345,000 | 29.5% | 0.7% |
| LOANDEPOT.COM, LLC | $26,305,000 | $29,740,000 | 13.1% | 0.7% |
| Morgan Stanley Private Bank | $24,960,000 | $29,325,000 | 17.5% | 0.6% |
| ATLANTIC REGIONAL FEDERAL CREDIT UNION | $60,490,000 | $27,970,000 | -53.8% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $8,950,000 | $27,795,000 | 210.6% | 0.6% |
| Deere Employees Credit Union | $36,340,000 | $26,890,000 | -26.0% | 0.6% |
| M&T Bank | $23,480,000 | $26,740,000 | 13.9% | 0.6% |
| PEOPLESCHOICE CREDIT UNION | $22,505,000 | $25,970,000 | 15.4% | 0.6% |
| EVERGREEN | $22,685,000 | $25,615,000 | 12.9% | 0.6% |
| Kennebec Savings Bank | $26,875,000 | $25,505,000 | -5.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $12,090,000 | $23,855,000 | 97.3% | 0.5% |
| KeyBank | $36,370,000 | $22,565,000 | -38.0% | 0.5% |
| Service Federal Credit Union | $15,210,000 | $21,365,000 | 40.5% | 0.5% |
| Citibank | $10,885,000 | $19,265,000 | 77.0% | 0.4% |
| CUSO MORTGAGE CORPORATION | $9,445,000 | $18,500,000 | 95.9% | 0.4% |
| TRUCHOICE | $18,490,000 | $17,775,000 | -3.9% | 0.4% |
| Saco Valley Credit Union | $12,440,000 | $16,345,000 | 31.4% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $15,040,000 | $16,175,000 | 7.5% | 0.4% |
| PENNYMAC LOAN SERVICES, LLC | $8,085,000 | $16,100,000 | 99.1% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $9,295,000 | $15,680,000 | 68.7% | 0.3% |
| EMBRACE HOME LOANS, INC. | $16,860,000 | $15,055,000 | -10.7% | 0.3% |
| CUMBERLAND COUNTY | $18,500,000 | $14,535,000 | -21.4% | 0.3% |
| NORTHEAST HOME LOAN, LLC | $12,295,000 | $14,445,000 | 17.5% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $2,540,000 | $14,385,000 | 466.3% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $3,465,000 | $14,325,000 | 313.4% | 0.3% |
| CPORT | $14,010,000 | $13,975,000 | -0.2% | 0.3% |
| First Federal Savings and Loan Association of Bath | $10,605,000 | $13,930,000 | 31.4% | 0.3% |
| ENVOY MORTGAGE, LTD | $10,280,000 | $13,760,000 | 33.9% | 0.3% |
| NBT Bank | $11,995,000 | $13,585,000 | 13.3% | 0.3% |
| EMM LOANS LLC | $7,785,000 | $13,375,000 | 71.8% | 0.3% |
| Katahdin Trust Company | $22,020,000 | $12,540,000 | -43.1% | 0.3% |
| Leader Bank | $5,195,000 | $12,145,000 | 133.8% | 0.3% |
| FIVE COUNTY | $5,210,000 | $12,135,000 | 132.9% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $6,085,000 | $12,085,000 | 98.6% | 0.3% |
| NORWICH COMMERCIAL GROUP, INC. | $40,230,000 | $11,995,000 | -70.2% | 0.3% |
| PNC Bank | $5,280,000 | $11,750,000 | 122.5% | 0.3% |
| University Credit Union | $12,880,000 | $10,910,000 | -15.3% | 0.2% |
| First National Bank | $6,670,000 | $10,095,000 | 51.3% | 0.2% |
| Mascoma Bank | $36,235,000 | $9,910,000 | -72.7% | 0.2% |
| USAA Federal Savings Bank | $7,865,000 | $9,685,000 | 23.1% | 0.2% |
| Raymond James Bank | $3,285,000 | $9,670,000 | 194.4% | 0.2% |
| Arbor Realty Trust, Inc. | $9,665,000 | n/a | 0.2% | |
| NBKC BANK | $2,190,000 | $9,405,000 | 329.5% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,405,000 | $8,300,000 | 143.8% | 0.2% |
| Webster Bank | $2,735,000 | $8,265,000 | 202.2% | 0.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $4,260,000 | $7,820,000 | 83.6% | 0.2% |
| Discover Bank | $7,120,000 | $7,590,000 | 6.6% | 0.2% |
| Charles Schwab Bank, SSB | $2,685,000 | $7,105,000 | 164.6% | 0.2% |
| T2 FINANCIAL LLC | $25,090,000 | $7,085,000 | -71.8% | 0.2% |
| BMO Harris Bank | $725,000 | $7,025,000 | 869.0% | 0.2% |
| MEGASTAR FINANCIAL CORP. | $7,760,000 | $6,975,000 | -10.1% | 0.2% |
| Bethpage Federal Credit Union | $1,735,000 | $6,945,000 | 300.3% | 0.2% |
| Fifth Third Bank | $6,650,000 | n/a | 0.1% | |
| UBS Bank USA | $4,970,000 | $6,140,000 | 23.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $5,870,000 | $6,075,000 | 3.5% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $7,520,000 | $5,845,000 | -22.3% | 0.1% |
| BNY Mellon | $6,300,000 | $5,830,000 | -7.5% | 0.1% |
| Carrington Mortgage Services, LLC | $3,440,000 | $5,790,000 | 68.3% | 0.1% |
| CASCO | $4,640,000 | $5,615,000 | 21.0% | 0.1% |
| Keystone Funding, Inc. | $1,350,000 | $5,505,000 | 307.8% | 0.1% |
| DAS Acquisition Company, LLC | $6,620,000 | $5,480,000 | -17.2% | 0.1% |
| Maine Savings Federal Credit Union | $5,910,000 | $5,340,000 | -9.6% | 0.1% |
| Skowhegan Savings Bank | $1,970,000 | $5,265,000 | 167.3% | 0.1% |
| DIGITAL Federal Credit Union | $7,495,000 | $5,235,000 | -30.2% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $690,000 | $5,215,000 | 655.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $3,360,000 | $5,060,000 | 50.6% | 0.1% |
| BAY EQUITY LLC | $2,570,000 | $5,045,000 | 96.3% | 0.1% |
| Berkshire Bank | $3,195,000 | $4,945,000 | 54.8% | 0.1% |
| NORTHERN MORTGAGE SERVICES, LLC | $5,610,000 | $4,805,000 | -14.3% | 0.1% |
| Holy Rosary Regional Credit Union | $5,030,000 | $4,740,000 | -5.8% | 0.1% |
| GENEVA FINANCIAL, LLC | $4,670,000 | n/a | 0.1% | |
| WESTERLY COMMUNITY | $3,265,000 | $4,535,000 | 38.9% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $24,125,000 | $4,465,000 | -81.5% | 0.1% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $4,195,000 | $4,405,000 | 5.0% | 0.1% |
| Servion, Inc. | $3,960,000 | $4,350,000 | 9.8% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $265,000 | $4,310,000 | 1,526.4% | 0.1% |
| First Seacoast Bank | $6,555,000 | $4,290,000 | -34.6% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $995,000 | $4,235,000 | 325.6% | 0.1% |
| PHH Mortgage Corporation | $415,000 | $4,075,000 | 881.9% | 0.1% |
| HANSCOM | $2,610,000 | $3,940,000 | 51.0% | 0.1% |
| Flagstar Bank, FSB | $3,680,000 | $3,830,000 | 4.1% | 0.1% |
| Rockland Trust Company | $3,860,000 | $3,765,000 | -2.5% | 0.1% |
| Figure Lending LLC | $2,140,000 | $3,655,000 | 70.8% | 0.1% |
| Institution for Savings in Newburyport and Its Vicinity | $105,000 | $3,625,000 | 3,352.4% | 0.1% |
| Stifel Bank and Trust | $2,030,000 | $3,575,000 | 76.1% | 0.1% |
| Truist | $2,220,000 | $3,490,000 | 57.2% | 0.1% |
| CARDINAL FINANCIAL | $2,150,000 | $3,275,000 | 52.3% | 0.1% |
| Coast Line Credit Union | $2,640,000 | $3,275,000 | 24.1% | 0.1% |
| LEADERONE FINANCIAL CORPORATION | $5,810,000 | $3,165,000 | -45.5% | 0.1% |
| The Federal Savings Bank | $5,070,000 | $3,165,000 | -37.6% | 0.1% |
| Enterprise Bank and Trust Company | $2,025,000 | $3,085,000 | 52.3% | 0.1% |
| First Federal Bank | $3,085,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $2,520,000 | $3,045,000 | 20.8% | 0.1% |
| Dirigo Federal Credit Union | $1,945,000 | $3,015,000 | 55.0% | 0.1% |
| Goldman Sachs Bank USA | $1,360,000 | $2,790,000 | 105.1% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $1,585,000 | $2,785,000 | 75.7% | 0.1% |
| MORTGAGE EQUITY PARTNERS LLC | $1,085,000 | $2,770,000 | 155.3% | 0.1% |
| TRADEMARK | $1,695,000 | $2,715,000 | 60.2% | 0.1% |
| Auburn Savings Bank, FSB | $2,390,000 | $2,605,000 | 9.0% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $3,670,000 | $2,560,000 | -30.2% | 0.1% |
| Waterstone Mortgage Corporation | $2,525,000 | $2,530,000 | 0.2% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,080,000 | $2,525,000 | 21.4% | 0.1% |
| Plains Commerce Bank | $405,000 | $2,510,000 | 519.8% | 0.1% |
| Northpointe Bank | $1,410,000 | $2,485,000 | 76.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $2,590,000 | $2,475,000 | -4.4% | 0.1% |
| TOP FLITE FINANCIAL, INC. | $1,055,000 | $2,460,000 | 133.2% | 0.1% |
| Bar Harbor Bank & Trust | $7,070,000 | $2,455,000 | -65.3% | 0.1% |
| Logan Finance Corporation | $2,405,000 | n/a | 0.1% | |
| MERRIMACK VALLEY | $365,000 | $2,380,000 | 552.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $255,000 | $2,370,000 | 829.4% | 0.1% |
| Coastal Community Bank | $2,440,000 | $2,350,000 | -3.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $900,000 | $2,330,000 | 158.9% | 0.1% |
| ZILLOW HOME LOANS, LLC | $295,000 | $2,320,000 | 686.4% | 0.1% |
| Needham Bank | $2,310,000 | n/a | 0.1% | |
| Farmers Bank & Trust | $960,000 | $2,280,000 | 137.5% | 0.1% |
| Mortgage Assurance Inc. | $245,000 | $2,265,000 | 824.5% | 0.1% |
| FIRST MORTGAGE COMPANY, INC. | $670,000 | $2,255,000 | 236.6% | 0.0% |
| OCMBC, INC. | $1,795,000 | $2,135,000 | 18.9% | 0.0% |
| North American Savings Bank, F.S.B. | $1,090,000 | $2,095,000 | 92.2% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $175,000 | $2,080,000 | 1,088.6% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $3,070,000 | $2,015,000 | -34.4% | 0.0% |
| ARC HOME LLC | $1,755,000 | $1,965,000 | 12.0% | 0.0% |
| North Shore Bank, a Co-operative Bank | $365,000 | $1,930,000 | 428.8% | 0.0% |
| OCEAN STATE CREDIT UNION | $450,000 | $1,905,000 | 323.3% | 0.0% |
| The Savings Bank | $1,905,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $260,000 | $1,895,000 | 628.8% | 0.0% |
| Meredith Village Savings Bank | $1,675,000 | $1,840,000 | 9.9% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $810,000 | $1,790,000 | 121.0% | 0.0% |
| LENDSURE MORTGAGE CORP. | $790,000 | $1,765,000 | 123.4% | 0.0% |
| Affiliated Bank | $1,745,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $2,245,000 | $1,735,000 | -22.7% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,480,000 | $1,720,000 | 16.2% | 0.0% |
| Everett Co-operative Bank | $400,000 | $1,710,000 | 327.5% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $145,000 | $1,655,000 | 1,041.4% | 0.0% |
| DREW MORTGAGE ASSOCIATES, INC. | $1,120,000 | $1,640,000 | 46.4% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $770,000 | $1,635,000 | 112.3% | 0.0% |
| PeoplesBank | $1,585,000 | n/a | 0.0% | |
| Salem Five Cents Savings Bank | $1,730,000 | $1,555,000 | -10.1% | 0.0% |
| A&D Mortgage LLC | $1,305,000 | $1,550,000 | 18.8% | 0.0% |
| Ixonia Bank | $1,540,000 | n/a | 0.0% | |
| NexBank | $495,000 | $1,535,000 | 210.1% | 0.0% |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $1,525,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $1,515,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $305,000 | $1,485,000 | 386.9% | 0.0% |
| The Bank of Canton | $205,000 | $1,485,000 | 624.4% | 0.0% |
| Haverhill Bank | $695,000 | $1,480,000 | 112.9% | 0.0% |
| The Lowell Five Cent Savings Bank | $1,470,000 | n/a | 0.0% | |
| The Huntington National Bank | $2,580,000 | $1,465,000 | -43.2% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $1,130,000 | $1,460,000 | 29.2% | 0.0% |
| Easthampton Savings Bank | $980,000 | $1,460,000 | 49.0% | 0.0% |
| NEW FED MORTGAGE, CORP. | $1,875,000 | $1,450,000 | -22.7% | 0.0% |
| Newburyport Five Cents Savings Bank | $11,795,000 | $1,420,000 | -88.0% | 0.0% |
| UNION HOME MORTGAGE CORP. | $345,000 | $1,415,000 | 310.1% | 0.0% |
| Avidia Bank | $430,000 | $1,370,000 | 218.6% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $405,000 | $1,360,000 | 235.8% | 0.0% |
| Merrimack County Savings Bank | $2,645,000 | $1,350,000 | -49.0% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $235,000 | $1,340,000 | 470.2% | 0.0% |
| Presidential Bank, FSB | $425,000 | $1,285,000 | 202.4% | 0.0% |
| Ally Bank | $2,285,000 | $1,270,000 | -44.4% | 0.0% |
| Evolve Bank & Trust | $5,625,000 | $1,260,000 | -77.6% | 0.0% |
| Profile Bank | $955,000 | $1,260,000 | 31.9% | 0.0% |
| Cambridge Trust Company | $5,710,000 | $1,220,000 | -78.6% | 0.0% |
| PLANET HOME LENDING, LLC | $865,000 | $1,160,000 | 34.1% | 0.0% |
| SPRING EQ, LLC | $2,120,000 | $1,160,000 | -45.3% | 0.0% |
| Union Bank | $545,000 | $1,145,000 | 110.1% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $405,000 | $1,120,000 | 176.5% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $1,565,000 | $1,075,000 | -31.3% | 0.0% |
| Armed Forces Bank | $725,000 | $1,030,000 | 42.1% | 0.0% |
| City National Bank | $305,000 | $1,015,000 | 232.8% | 0.0% |
| Piscataqua Savings Bank | $2,190,000 | $1,015,000 | -53.7% | 0.0% |
| Brookline Bank | $85,000 | $1,005,000 | 1,082.4% | 0.0% |
| CIBC Bank USA | $4,005,000 | $1,005,000 | -74.9% | 0.0% |
| Liberty Bank | $1,005,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $1,395,000 | $1,005,000 | -28.0% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $295,000 | $1,005,000 | 240.7% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $345,000 | $1,000,000 | 189.9% | 0.0% |
| Monson Savings Bank | $1,605,000 | $990,000 | -38.3% | 0.0% |
| NEXERA HOLDING LLC | $985,000 | n/a | 0.0% | |
| OceanFirst Bank | $970,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $965,000 | n/a | 0.0% | |
| LISBON COMMUNITY | $980,000 | $915,000 | -6.6% | 0.0% |
| Merchants Bank of Indiana | $885,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $880,000 | n/a | 0.0% | |
| The Loan Store, Inc. | $870,000 | n/a | 0.0% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $860,000 | n/a | 0.0% | |
| MID-ISLAND MORTGAGE CORP. | $1,075,000 | $860,000 | -20.0% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $340,000 | $850,000 | 150.0% | 0.0% |
| CANOPY MORTGAGE, LLC | $840,000 | n/a | 0.0% | |
| CENTRAL ONE FEDERAL CREDIT UNION | $1,930,000 | $840,000 | -56.5% | 0.0% |
| Farm Credit East, ACA | $580,000 | $815,000 | 40.5% | 0.0% |
| Cornerstone First Mortgage, Inc | $270,000 | $800,000 | 196.3% | 0.0% |
| FBC MORTGAGE, LLC | $790,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $195,000 | $790,000 | 305.1% | 0.0% |
| HARVARD UNIVERSITY EMPLOYEES | $1,235,000 | $780,000 | -36.8% | 0.0% |
| SCIENT Federal Credit Union | $45,000 | $780,000 | 1,633.3% | 0.0% |
| GoPrime Mortgage, Inc. | $505,000 | $765,000 | 51.5% | 0.0% |
| Webster Five Cents Savings Bank | $765,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $735,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $735,000 | n/a | 0.0% | |
| LINCOLN MAINE FEDERAL CR UNION | $730,000 | n/a | 0.0% | |
| Jonah Bank of Wyoming | $725,000 | n/a | 0.0% | |
| Nations Lending Corporation | $930,000 | $705,000 | -24.2% | 0.0% |
| State Department Federal Credit Union | $855,000 | $700,000 | -18.1% | 0.0% |
| GREYLOCK | $695,000 | n/a | 0.0% | |
| FIRST TECHNOLOGY | $685,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $1,715,000 | $680,000 | -60.3% | 0.0% |
| UniBank for Savings | $3,175,000 | $680,000 | -78.6% | 0.0% |
| ALLIANT CREDIT UNION | $665,000 | $670,000 | 0.8% | 0.0% |
| COMMUNITY CREDIT UNION OF LYNN | $665,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $625,000 | $660,000 | 5.6% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $305,000 | $655,000 | 114.8% | 0.0% |
| RBC Bank, (Georgia) | $405,000 | $655,000 | 61.7% | 0.0% |
| LENDINGONE, LLC | $1,190,000 | $650,000 | -45.4% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $395,000 | $650,000 | 64.6% | 0.0% |
| RESIDENTIAL BANCORP | $650,000 | n/a | 0.0% | |
| Westfield Bank | $625,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $930,000 | $620,000 | -33.3% | 0.0% |
| CHEVRON | $595,000 | n/a | 0.0% | |
| Franklin Savings Bank | $585,000 | n/a | 0.0% | |
| MSA MORTGAGE, LLC | $585,000 | n/a | 0.0% | |
| SUMMIT FUNDING, INC. | $570,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $440,000 | $570,000 | 29.5% | 0.0% |
| Axos Bank | $960,000 | $565,000 | -41.1% | 0.0% |
| Reading Co-Operative Bank | $35,000 | $565,000 | 1,514.3% | 0.0% |
| Jeanne D'Arc Credit Union | $1,425,000 | $560,000 | -60.7% | 0.0% |
| Guaranty Bank & Trust, N.A. | $555,000 | n/a | 0.0% | |
| Navigant Credit Union | $65,000 | $555,000 | 753.8% | 0.0% |
| ST. MARY'S BANK | $2,175,000 | $550,000 | -74.7% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $545,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $540,000 | n/a | 0.0% | |
| LOANPAL, LLC | $530,000 | n/a | 0.0% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $395,000 | $530,000 | 34.2% | 0.0% |
| Main Street Bank | $410,000 | $525,000 | 28.0% | 0.0% |
| TruHome Solutions, LLC | $325,000 | $520,000 | 60.0% | 0.0% |
| TOWER | $515,000 | n/a | 0.0% | |
| Winchester Co-operative Bank | $510,000 | n/a | 0.0% | |
| FINEX CREDIT UNION | $505,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $505,000 | n/a | 0.0% | |
| North Shore Bank of Commerce | $505,000 | n/a | 0.0% | |
| Signature Bank, N.A. | $505,000 | n/a | 0.0% | |
| Dedham Institution for Savings | $495,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $2,750,000 | $485,000 | -82.4% | 0.0% |
| MICHIGAN MUTUAL, INC. | $945,000 | $475,000 | -49.7% | 0.0% |
| Quontic Bank | $475,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $460,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $455,000 | n/a | 0.0% | |
| Northway Bank | $445,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $435,000 | n/a | 0.0% | |
| First Federal Savings and Loan Association of Lakewood | $425,000 | n/a | 0.0% | |
| Magyar Bank | $425,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $495,000 | $405,000 | -18.2% | 0.0% |
| CorePlus Federal Credit Union | $405,000 | n/a | 0.0% | |
| POLARIS HOME FUNDING CORP. | $550,000 | $405,000 | -26.4% | 0.0% |
| AmeriHome Mortgage Company, LLC | $590,000 | $385,000 | -34.7% | 0.0% |
| WILLIAM RAVEIS MORTGAGE, LLC | $385,000 | n/a | 0.0% | |
| East Cambridge Savings Bank | $375,000 | n/a | 0.0% | |
| Fall River Five Cents Savings Bank | $375,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $375,000 | n/a | 0.0% | |
| Eastern Bank | $715,000 | $370,000 | -48.3% | 0.0% |
| INTERNATIONAL CITY MORTGAGE, INC. | $365,000 | n/a | 0.0% | |
| LUSO | $365,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $365,000 | n/a | 0.0% | |
| Prosperity Home Mortgage, LLC | $510,000 | $365,000 | -28.4% | 0.0% |
| RF Renovo Management Company, LLC | $300,000 | $365,000 | 21.7% | 0.0% |
| Magnolia Bank | $355,000 | n/a | 0.0% | |
| RIVER WORKS | $355,000 | n/a | 0.0% | |
| The Central Trust Bank | $1,515,000 | $345,000 | -77.2% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $355,000 | $315,000 | -11.3% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $305,000 | n/a | 0.0% | |
| NFM, INC. | $750,000 | $305,000 | -59.3% | 0.0% |
| AXIA FINANCIAL, LLC | $300,000 | n/a | 0.0% | |
| Down East Credit Union | $670,000 | $300,000 | -55.2% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $145,000 | $295,000 | 103.4% | 0.0% |
| MORTGAGE ACCESS CORP. | $515,000 | $295,000 | -42.7% | 0.0% |
| Texana Bank | $295,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $1,615,000 | $285,000 | -82.4% | 0.0% |
| BELLWETHER COMMUNITY | $275,000 | n/a | 0.0% | |
| The Union Bank Company | $235,000 | $275,000 | 17.0% | 0.0% |
| Republic State Mortgage Co. | $270,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $265,000 | n/a | 0.0% | |
| Performance Financial, Inc. | $265,000 | n/a | 0.0% | |
| ALIGN CREDIT UNION | $105,000 | $255,000 | 142.9% | 0.0% |
| Peoples Bank | $205,000 | $255,000 | 24.4% | 0.0% |
| First Savings Bank | $680,000 | $245,000 | -64.0% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $650,000 | $245,000 | -62.3% | 0.0% |
| USAlliance Federal Credit Union | $215,000 | $230,000 | 7.0% | 0.0% |
| FOUNDATION MORTGAGE CORPORATION | $225,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $1,110,000 | $225,000 | -79.7% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $660,000 | $225,000 | -65.9% | 0.0% |
| United States Senate Federal Credit Union | $15,000 | $205,000 | 1,266.7% | 0.0% |
| Fidelity Co-operative Bank | $175,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $175,000 | n/a | 0.0% | |
| MidFirst Bank | $165,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $35,000 | $155,000 | 342.9% | 0.0% |
| HarborOne Bank | $155,000 | n/a | 0.0% | |
| Baxter Credit Union | $1,255,000 | $120,000 | -90.4% | 0.0% |
| MAINE FAMILY | $105,000 | n/a | 0.0% | |
| MASSMUTUAL | $105,000 | n/a | 0.0% | |
| TEACHERS | $105,000 | n/a | 0.0% | |
| Connexus Credit Union | $95,000 | $75,000 | -21.1% | 0.0% |
| Granite State Credit Union | $25,000 | $75,000 | 200.0% | 0.0% |
| SEBASTICOOK VALLEY Federal Credit Union | $75,000 | n/a | 0.0% | |
| GREENWOOD | $65,000 | $55,000 | -15.4% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $115,000 | $35,000 | -69.6% | 0.0% |
| Northwest Federal Credit Union | $25,000 | n/a | 0.0% |
PORTLAND - SOUTH PORTLAND's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 8.1% market share. In second place, with 7.3%, is Bangor Savings Bank, having originated $328,980,000 in loans. In third place, with 6.1%, is CMG MORTGAGE, INC., having originated $277,555,000 in loans. In fourth place, with 5.6%, is GUILD MORTGAGE COMPANY, having originated $255,190,000 in loans. In fifth place, with 5.2%, is The Camden National Bank, having originated $237,035,000 in loans.
PORTLAND-SOUTH PORTLAND, ME Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 6,659 | $2,960,855,000 | $444,640 |
| Home Improvement | 2,253 | $284,615,000 | $126,327 |
| Cash Out Refi | 1,922 | $488,380,000 | $254,100 |
| Other | 1,720 | $250,060,000 | $145,384 |
| Refi | 1,596 | $541,500,000 | $339,286 |
| NA | 6 | $1,910,000 | $318,333 |
Portland - South Portland's most frequently cited loan purpose was Home Purchase, with 6,659 originations. The 2nd most popular reason was Home Improvement, with 2,253 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 5,117 | $2,034,935,000 | $397,681 |
| 7-8% | 3,876 | $1,190,110,000 | $307,046 |
| Over 8% | 2,596 | $403,780,000 | $155,539 |
| 5-6% | 1,247 | $519,195,000 | $416,355 |
| 4-5% | 214 | $48,340,000 | $225,888 |
| <2.5% | 19 | $1,345,000 | $70,789 |
| 3-4% | 9 | $4,095,000 | $455,000 |
| 2.5-3% | 9 | $2,395,000 | $266,111 |
During 2024, Portland - South Portland's most frequently originated rate bucket was 6-7%, with 5,117 originations.
Loan Sizing (PORTLAND-SOUTH PORTLAND, ME MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 4,610 | $1,375,250,000 | $298,319 |
| $100,000 or less | 3,112 | $172,080,000 | $55,296 |
| $400k-600k | 2,667 | $1,277,155,000 | $478,873 |
| $100k-200k | 2,335 | $327,495,000 | $140,255 |
| $600k-1000k | 1,090 | $793,600,000 | $728,073 |
| $Over $1MM | 342 | $581,740,000 | $1,700,994 |
PORTLAND - SOUTH PORTLAND's loan sizing saw the bucket of loans from $200k-400k with 4,610 originations, totaling $1,375,250,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,492 | $1,609,400,000 | $460,882 |
| Under 20% | 2,948 | $217,420,000 | $73,752 |
| 60-80% | 2,780 | $1,331,340,000 | $478,899 |
| 20-40% | 2,111 | $415,245,000 | $196,705 |
| 40-60% | 1,496 | $544,700,000 | $364,104 |
| Over 100% | 91 | $48,795,000 | $536,209 |
PORTLAND - SOUTH PORTLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,492 originations, totaling $1,609,400,000 in origination value.