Maine USDA Loan Rates, Closing Costs & Stats

Maine

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.

Maine USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Maine averaged 6.36% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

Maine's average USDA mortgage closing costs are $5,030.

The average rate for the prior week (2025-03-28) was 6.72% and one month ago for the week of 2025-02-28, the average rate was 6.67%.

The average rate one year ago was 6.83%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.2%.

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

Maine 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 Maine level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Bangor Savings Bank 70 5.65% $5,578
Machias Savings Bank 32 5.79% $4,233
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 30 5.64% $6,273
CMG MORTGAGE, INC. 23 5.78% $6,818
GUILD MORTGAGE COMPANY 20 5.75% $6,355
The Camden National Bank 14 5.68% $5,936
CUSO MORTGAGE CORPORATION 12 5.72% $5,272
NORTHPOINT MORTGAGE, INC. 12 5.89% $7,171
DAS Acquisition Company, LLC 10 5.60% $6,610
UNITED WHOLESALE MORTGAGE, LLC 7 6.34% $7,723
NEWREZ LLC 7 6.36% $6,648
CROSSCOUNTRY MORTGAGE, LLC 5 6.40% $6,452
TOTAL MORTGAGE SERVICES, LLC 4 6.24% $5,534
Century Mortgage Company DBA Century Lending Company 3 6.13% $7,499
University Credit Union 3 5.76% $5,859
EMBRACE HOME LOANS, INC. 3 5.62% $6,264
MEGASTAR FINANCIAL CORP. 2 5.45% $8,639
First National Bank 2 5.95% $5,932
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.69% $8,161
MOVEMENT MORTGAGE, LLC 2 5.45% $6,796
LEADERONE FINANCIAL CORPORATION 1 4.95% $4,418
Barrington Bank & Trust Company, N.A. 1 6.25% $8,221
Bath Savings Institution 1 4.95% $6,675
FIRST COLONY MORTGAGE CORPORATION 1 5.63% $5,730
GUARANTEED RATE, INC. 1 5.75% $7,171
HARBORONE MORTGAGE, LLC 1 6.00% $4,880
Keystone Funding, Inc. 1 6.63% $6,627
Androscoggin Savings Bank 1 5.95% $5,174
LOANDEPOT.COM, LLC 1 6.50% $11,387
MORTGAGE EQUITY PARTNERS LLC 1 5.38% $13,948
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.38% $16,316
Sierra Pacific Mortgage Company, Inc. 1 5.75% $7,552
SIS BANCORP, MHC 1 5.95% $5,358
SUMMIT FUNDING, INC. 1 7.25% $9,342
T2 FINANCIAL LLC 1 6.63% $7,577

The top Maine USDA lender as defined by loan originations is Bangor Savings Bank, with 70 USDA loans originated. Their average total fees are $5,578, which is $1,345 higher than the next largest lender, Machias Savings Bank.

The lowest fee Maine USDA lenders (with over 10 loans originated) are Machias Savings Bank ($4,233), CUSO MORTGAGE CORPORATION ($5,272), Bangor Savings Bank ($5,578), The Camden National Bank ($5,936) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,273).

The lowest rate Maine USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC (5.60%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.64%), Bangor Savings Bank (5.65%), The Camden National Bank (5.68%) and CUSO MORTGAGE CORPORATION (5.72%).