Maine VA Loan Rates, Closing Costs & Stats

Maine

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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.

    Maine VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Maine averaged 6.91% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Maine's average VA mortgage closing costs are $5,969.

    The average rate for the prior week (2025-05-16) was 7.1% and one month ago for the week of 2025-04-18, the average rate was 6.67%.

    The average rate one year ago was 7.08%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.54%.

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

    Maine 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 Maine level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 385 6.38% $5,565
    UNITED WHOLESALE MORTGAGE, LLC 233 6.02% $7,323
    CMG MORTGAGE, INC. 123 6.30% $8,718
    QUICKEN LOANS, LLC 114 6.12% $10,827
    FREEDOM MORTGAGE CORPORATION 96 6.31% $10,108
    GUILD MORTGAGE COMPANY 80 6.28% $7,455
    NAVY FEDERAL CREDIT UNION 69 5.94% $6,467
    NEWREZ LLC 56 6.11% $7,515
    USAA Federal Savings Bank 54 6.20% $8,261
    NEW DAY FINANCIAL, LLC 48 7.52% $11,017
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 44 6.18% $7,141
    PENNYMAC LOAN SERVICES, LLC 40 5.74% $7,216
    LOANDEPOT.COM, LLC 34 6.16% $9,901
    The Federal Savings Bank 30 6.23% $15,531
    Bangor Savings Bank 29 5.95% $6,877
    The Camden National Bank 28 5.86% $7,174
    NORTHPOINT MORTGAGE, INC. 25 6.04% $10,289
    LAKEVIEW LOAN SERVICING, LLC 24 5.83% $6,562
    LEADERONE FINANCIAL CORPORATION 23 6.81% $8,209
    VILLAGE CAPITAL MORTGAGE 20 5.83% $5,836
    HARBORONE MORTGAGE, LLC 19 6.53% $6,448
    Mr. Cooper ( Nationstar Mortgage ) 18 6.15% $8,125
    TOTAL MORTGAGE SERVICES, LLC 17 6.78% $8,087
    CROSSCOUNTRY MORTGAGE, LLC 16 6.41% $9,911
    BROKER SOLUTIONS, INC. 15 6.62% $7,313
    CUSO MORTGAGE CORPORATION 15 5.82% $6,991
    Century Mortgage Company DBA Century Lending Company 14 6.24% $3,587
    GUARANTEED RATE, INC. 12 5.98% $5,866
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.41% $7,282
    PLANET HOME LENDING, LLC 8 5.99% $3,745
    Carrington Mortgage Services, LLC 7 6.05% $8,524
    NORWICH COMMERCIAL GROUP, INC. 6 6.17% $3,560
    AMERISAVE MORTGAGE CORPORATION 6 5.75% $16,158
    T2 FINANCIAL LLC 6 6.73% $7,457
    DAS Acquisition Company, LLC 6 5.83% $5,453
    MOVEMENT MORTGAGE, LLC 5 6.45% $5,518
    First Federal Bank 5 5.75% $13,197
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.90% $7,828
    EMM LOANS LLC 5 6.63% $11,375
    Paramount Residential Mortgage Group, Inc. 5 6.13% $13,279
    Barrington Bank & Trust Company, N.A. 5 6.13% $6,497
    Flagstar Bank, FSB 5 5.53% $6,474
    Ixonia Bank 4 6.34% $5,980
    PENTAGON FEDERAL CREDIT UNION 4 5.72% $3,632
    ENVOY MORTGAGE, LTD 4 5.78% $9,873
    FIRST MORTGAGE COMPANY, INC. 4 6.53% $9,110
    GUARANTEED RATE AFFINITY, LLC 4 6.21% $9,425
    Magnolia Bank 4 5.94% $18,976
    NBKC BANK 4 5.56% $3,778
    U.S. Bank 3 6.46% $6,696
    Presidential Bank, FSB 3 6.38% $4,367
    PHH Mortgage Corporation 3 5.63% $4,338
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 6.75% $11,112
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.58% $12,214
    KeyBank 3 6.29% $3,510
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.08% $4,893
    Texana Bank 2 6.69% $10,096
    Equity Prime Mortgage LLC 2 6.56% $21,346
    Service Federal Credit Union 2 6.19% $9,199
    RELIANCE FIRST CAPITAL, LLC 2 5.63% $20,003
    RADIUS FINANCIAL GROUP INC. 2 6.31% $6,723
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.56% $6,186
    NORTHERN MORTGAGE SERVICES, LLC 2 6.19% $8,907
    Citizens Bank 2 6.50% $10,235
    PLAZA HOME MORTGAGE, INC. 2 7.00% $4,567
    JPMorgan Chase Bank 2 6.75% $2,902
    Keystone Funding, Inc. 2 5.75% $17,403
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 7.19% $6,868
    GENEVA FINANCIAL, LLC 2 6.31% $9,641
    Androscoggin Savings Bank 2 6.13% $4,014
    MEGASTAR FINANCIAL CORP. 2 6.10% $15,080
    ZILLOW HOME LOANS, LLC 2 6.44% $4,290
    Armed Forces Bank 2 5.50% $3,232
    North American Savings Bank, F.S.B. 1 6.00% $12,106
    ALLIED MORTGAGE GROUP, INC. 1 5.75% $3,375
    AMERICAN FINANCIAL NETWORK, INC. 1 5.88% $2,822
    AMERICAN FINANCING CORPORATION 1 5.63% $18,625
    American Mortgage & Equity Consultants, Inc. 1 7.25% $15,961
    AmeriHome Mortgage Company, LLC 1 6.63% $22,382
    Bath Savings Institution 1 5.45% $2,678
    CARDINAL FINANCIAL 1 6.75% $62,559
    CHURCHILL MORTGAGE CORPORATION 1 6.25% $7,778
    Cornerstone First Mortgage, Inc 1 5.13% $19,277
    EMBRACE HOME LOANS, INC. 1 6.75% $5,014
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $4,404
    HANSCOM 1 6.75% $3,220
    Home Loan Investment Bank, F.S.B. 1 5.75% $5,344
    HOMESIDE FINANCIAL, LLC 1 6.13% $15,334
    MLD MORTGAGE INC. 1 5.75% $12,590
    MORTGAGE EQUITY PARTNERS LLC 1 6.75% $12,024
    NEW FED MORTGAGE, CORP. 1 7.25% $11,675
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.63% $7,387
    NORTHEAST HOME LOAN, LLC 1 7.00% $6,680
    Northpointe Bank 1 6.25% $21,406
    North Shore Bank of Commerce 1 6.50% $2,824
    Plains Commerce Bank 1 6.63% $18,030
    POLARIS HOME FUNDING CORP. 1 7.50% $8,040
    PREMIA MORTGAGE, LLC 1 6.23% $15,418
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.63% $10,406
    Prosperity Home Mortgage, LLC 1 6.00% $3,646
    RUOFF MORTGAGE COMPANY, INC. 1 5.25% $12,779
    SFMC, LP 1 6.25% $11,368
    SUN WEST MORTGAGE COMPANY, INC. 1 5.99% $12,804
    TD Bank 1 6.38% $2,083
    TruHome Solutions, LLC 1 6.13% $3,337
    Truist 1 5.75% $16,824
    Waterstone Mortgage Corporation 1 7.25% $2,220

    The top Maine VA lender as defined by loan originations is Mortgage Research Center, LLC, with 385 VA loans originated. Their average total fees are $5,565, which is $1,759 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Maine VA lenders (with over 10 loans originated) are Century Mortgage Company DBA Century Lending Company ($3,587), Mortgage Research Center, LLC ($5,565), VILLAGE CAPITAL MORTGAGE ($5,836), GUARANTEED RATE, INC. ($5,866) and HARBORONE MORTGAGE, LLC ($6,448).

    The lowest rate Maine VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (5.74%), CUSO MORTGAGE CORPORATION (5.82%), VILLAGE CAPITAL MORTGAGE (5.83%), LAKEVIEW LOAN SERVICING, LLC (5.83%) and The Camden National Bank (5.86%).

    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.