Maine Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Maine averaged
6.66%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.97% and
one month ago for the week of 2024-10-10, the
average rate was 6.3%.
Maine's average rate one year ago was 7.78%.
For refis of the same type during the week of 2024-11-14, the average rate
was 7.37%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
| Maine 30 Year Fixed Rate | 2024-11-14 | 6.66% |
| Maine 30 Year Fixed Rate Refi | 2024-11-14 | 7.37% |
| Maine 15 Year Fixed Rate | 2024-11-14 | 6.65% |
| Maine 15 Year Fixed Rate Refi | 2024-11-14 | 6.82% |
| Maine 30 Year FHA | 2024-11-14 | -0.14% |
| Maine 30 Year FHA Refi | 2024-11-14 | 0.1% |
| Maine 30 Year USDA | 2024-11-14 | -1.16% |
| Maine 30 Year USDA Refi | 2024-11-14 | 0% |
| Maine 30 Year VA | 2024-11-14 | -0.17% |
| Maine 30 Year VA Refi | 2024-11-14 | -0.2% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Maine.
Maine 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 Maine 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.).
Maine Average Closing Costs & Other Stats
Maine's 276 lenders originated 28,602
loans during 2023. The total origination value was $7,011,960,000, with an average loan value of
$245,156.
Maine's average closing costs are $4,878.
The top Maine lender as defined by loan originations is Bangor Savings Bank, with
800 loans originated. Their average total fees are
$4,051, which is $3,083
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Maine lenders (with over 10 loans originated) are
Discover Bank ($0), Kennebec Savings Bank ($1,021), Saco Valley Credit Union ($3,092), Holy Rosary Regional Credit Union ($3,139) and TD Bank ($3,150).
The lowest rate Maine lenders (with over 10 loans originated) are
Charles Schwab Bank, SSB (5.76%), Deere Employees Credit Union (5.84%), Morgan Stanley Private Bank (5.88%), Citibank (5.91%) and UBS Bank USA (5.98%).
Maine 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 |
|---|---|---|---|---|
| Bangor Savings Bank | $875,410,000 | $583,325,000 | -33.4% | 8.3% |
| The Camden National Bank | $676,870,000 | $380,685,000 | -43.8% | 5.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $469,685,000 | $369,335,000 | -21.4% | 5.3% |
| GUILD MORTGAGE COMPANY | $395,985,000 | $326,555,000 | -17.5% | 4.7% |
| CMG MORTGAGE, INC. | $271,220,000 | $312,375,000 | 15.2% | 4.5% |
| QUICKEN LOANS, LLC | $419,535,000 | $253,145,000 | -39.7% | 3.6% |
| First National Bank | $277,035,000 | $172,710,000 | -37.7% | 2.5% |
| Kennebec Savings Bank | $258,390,000 | $165,860,000 | -35.8% | 2.4% |
| Norway Savings Bank | $193,450,000 | $158,185,000 | -18.2% | 2.3% |
| TD Bank | $198,905,000 | $157,225,000 | -21.0% | 2.2% |
| Machias Savings Bank | $191,215,000 | $151,600,000 | -20.7% | 2.2% |
| Androscoggin Savings Bank | $193,850,000 | $123,050,000 | -36.5% | 1.8% |
| Saco & Biddeford Savings Institution | $140,265,000 | $108,685,000 | -22.5% | 1.5% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $157,925,000 | $97,865,000 | -38.0% | 1.4% |
| Bath Savings Institution | $105,300,000 | $92,025,000 | -12.6% | 1.3% |
| Mortgage Research Center, LLC | $122,870,000 | $90,465,000 | -26.4% | 1.3% |
| Maine Community Bank | $85,640,000 | $88,790,000 | 3.7% | 1.3% |
| ACADEMY MORTGAGE CORPORATION | $102,885,000 | $88,540,000 | -13.9% | 1.3% |
| Gorham Savings Bank | $167,130,000 | $86,840,000 | -48.0% | 1.2% |
| ATLANTIC REGIONAL FEDERAL CREDIT UNION | $132,515,000 | $82,870,000 | -37.5% | 1.2% |
| Kennebunk Savings Bank | $144,440,000 | $79,165,000 | -45.2% | 1.1% |
| SIS BANCORP, MHC | $130,200,000 | $74,090,000 | -43.1% | 1.1% |
| Bank of America | $110,950,000 | $70,390,000 | -36.6% | 1.0% |
| LEADERONE FINANCIAL CORPORATION | $78,885,000 | $69,660,000 | -11.7% | 1.0% |
| Maine Savings Federal Credit Union | $71,360,000 | $68,530,000 | -4.0% | 1.0% |
| KeyBank | $212,200,000 | $66,555,000 | -68.6% | 0.9% |
| TOWN & COUNTRY FEDERAL CREDIT UNION | $43,195,000 | $66,285,000 | 53.5% | 0.9% |
| NORTHPOINT MORTGAGE, INC. | $91,945,000 | $62,040,000 | -32.5% | 0.9% |
| NEWREZ LLC | $39,935,000 | $60,650,000 | 51.9% | 0.9% |
| INTEGRITY MORTGAGE LLC | $55,010,000 | $59,675,000 | 8.5% | 0.9% |
| TOTAL MORTGAGE SERVICES, LLC | $95,620,000 | $59,160,000 | -38.1% | 0.8% |
| JPMorgan Chase Bank | $80,430,000 | $57,770,000 | -28.2% | 0.8% |
| T2 FINANCIAL LLC | $93,750,000 | $56,205,000 | -40.0% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $38,855,000 | $54,710,000 | 40.8% | 0.8% |
| Katahdin Trust Company | $65,230,000 | $54,065,000 | -17.1% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $69,855,000 | $51,460,000 | -26.3% | 0.7% |
| CALIBER HOME LOANS, INC. | $157,660,000 | $51,400,000 | -67.4% | 0.7% |
| Citizens Bank | $94,945,000 | $49,445,000 | -47.9% | 0.7% |
| Bar Harbor Bank & Trust | $204,910,000 | $49,120,000 | -76.0% | 0.7% |
| LOANDEPOT.COM, LLC | $122,025,000 | $49,100,000 | -59.8% | 0.7% |
| Mascoma Bank | $33,975,000 | $44,085,000 | 29.8% | 0.6% |
| Deere Employees Credit Union | $85,160,000 | $43,590,000 | -48.8% | 0.6% |
| NORWICH COMMERCIAL GROUP, INC. | $51,750,000 | $42,600,000 | -17.7% | 0.6% |
| NORTHEAST CREDIT UNION | $42,475,000 | $41,575,000 | -2.1% | 0.6% |
| Wells Fargo Bank | $77,775,000 | $40,930,000 | -47.4% | 0.6% |
| HARBORONE MORTGAGE, LLC | $30,740,000 | $40,300,000 | 31.1% | 0.6% |
| EVERGREEN | $39,285,000 | $37,970,000 | -3.3% | 0.5% |
| Skowhegan Savings Bank | $56,910,000 | $37,530,000 | -34.1% | 0.5% |
| University Credit Union | $45,685,000 | $35,430,000 | -22.4% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $55,510,000 | $33,675,000 | -39.3% | 0.5% |
| DAS Acquisition Company, LLC | $55,330,000 | $33,360,000 | -39.7% | 0.5% |
| Morgan Stanley Private Bank | $42,365,000 | $32,355,000 | -23.6% | 0.5% |
| GUARANTEED RATE, INC. | $49,875,000 | $31,410,000 | -37.0% | 0.4% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $78,380,000 | $30,685,000 | -60.9% | 0.4% |
| USAA Federal Savings Bank | $30,215,000 | $29,515,000 | -2.3% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $83,640,000 | $28,610,000 | -65.8% | 0.4% |
| M&T Bank | $33,550,000 | $28,360,000 | -15.5% | 0.4% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $52,770,000 | $28,225,000 | -46.5% | 0.4% |
| PEOPLESCHOICE CREDIT UNION | $39,590,000 | $26,165,000 | -33.9% | 0.4% |
| EMBRACE HOME LOANS, INC. | $51,305,000 | $25,975,000 | -49.4% | 0.4% |
| U.S. Bank | $25,915,000 | $25,660,000 | -1.0% | 0.4% |
| CUSO MORTGAGE CORPORATION | $36,995,000 | $25,610,000 | -30.8% | 0.4% |
| Acadia Federal Credit Union | $25,840,000 | $24,560,000 | -5.0% | 0.4% |
| First Federal Savings and Loan Association of Bath | $31,945,000 | $23,295,000 | -27.1% | 0.3% |
| CUMBERLAND COUNTY | $26,525,000 | $21,710,000 | -18.2% | 0.3% |
| Citibank | $32,830,000 | $21,485,000 | -34.6% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $56,880,000 | $21,210,000 | -62.7% | 0.3% |
| NBT Bank | $35,015,000 | $21,120,000 | -39.7% | 0.3% |
| TRUCHOICE | $25,725,000 | $21,035,000 | -18.2% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $58,260,000 | $20,600,000 | -64.6% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $44,315,000 | $19,965,000 | -54.9% | 0.3% |
| CPORT | $30,535,000 | $19,945,000 | -34.7% | 0.3% |
| Grandbridge Real Estate Capital LLC | $19,105,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $6,355,000 | $18,670,000 | 193.8% | 0.3% |
| BROKER SOLUTIONS, INC. | $28,550,000 | $18,565,000 | -35.0% | 0.3% |
| Service Federal Credit Union | $29,505,000 | $18,430,000 | -37.5% | 0.3% |
| NORTHEAST HOME LOAN, LLC | $12,215,000 | $17,955,000 | 47.0% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $19,820,000 | $16,500,000 | -16.8% | 0.2% |
| Dirigo Federal Credit Union | $29,155,000 | $15,955,000 | -45.3% | 0.2% |
| UBS Bank USA | $20,525,000 | $14,930,000 | -27.3% | 0.2% |
| SEBASTICOOK VALLEY Federal Credit Union | $14,240,000 | $14,120,000 | -0.8% | 0.2% |
| Saco Valley Credit Union | $19,055,000 | $13,255,000 | -30.4% | 0.2% |
| Discover Bank | $10,065,000 | $13,015,000 | 29.3% | 0.2% |
| Newburyport Five Cents Savings Bank | $10,340,000 | $12,980,000 | 25.5% | 0.2% |
| Leader Bank | $17,230,000 | $12,250,000 | -28.9% | 0.2% |
| ENVOY MORTGAGE, LTD | $15,485,000 | $11,890,000 | -23.2% | 0.2% |
| MEGASTAR FINANCIAL CORP. | $22,160,000 | $11,825,000 | -46.6% | 0.2% |
| FIVE COUNTY | $20,060,000 | $11,585,000 | -42.2% | 0.2% |
| The Federal Savings Bank | $14,880,000 | $11,260,000 | -24.3% | 0.2% |
| Charles Schwab Bank, SSB | $11,795,000 | $10,770,000 | -8.7% | 0.2% |
| WALKER & DUNLOP, LLC | $78,500,000 | $10,705,000 | -86.4% | 0.2% |
| PNC Bank | $25,735,000 | $10,625,000 | -58.7% | 0.2% |
| NORTHERN MORTGAGE SERVICES, LLC | $14,550,000 | $10,200,000 | -29.9% | 0.1% |
| NEW DAY FINANCIAL, LLC | $17,150,000 | $10,125,000 | -41.0% | 0.1% |
| EMM LOANS LLC | $9,960,000 | $9,565,000 | -4.0% | 0.1% |
| DIGITAL Federal Credit Union | $6,345,000 | $8,890,000 | 40.1% | 0.1% |
| SEABOARD FEDERAL CREDIT UNION | $15,430,000 | $8,865,000 | -42.5% | 0.1% |
| Auburn Savings Bank, FSB | $8,795,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $1,075,000 | $8,565,000 | 696.7% | 0.1% |
| GUARANTEED RATE AFFINITY, LLC | $11,225,000 | $8,530,000 | -24.0% | 0.1% |
| Evolve Bank & Trust | $725,000 | $8,110,000 | 1,018.6% | 0.1% |
| BNY Mellon | $7,805,000 | $7,740,000 | -0.8% | 0.1% |
| First Republic Bank | $24,270,000 | $7,640,000 | -68.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $7,035,000 | $7,365,000 | 4.7% | 0.1% |
| Flagstar Bank, FSB | $18,520,000 | $7,160,000 | -61.3% | 0.1% |
| First Seacoast Bank | $12,845,000 | $7,100,000 | -44.7% | 0.1% |
| Carrington Mortgage Services, LLC | $15,525,000 | $7,040,000 | -54.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $24,550,000 | $6,785,000 | -72.4% | 0.1% |
| LINCOLN MAINE FEDERAL CR UNION | $6,650,000 | n/a | 0.1% | |
| LISBON COMMUNITY | $9,960,000 | $6,645,000 | -33.3% | 0.1% |
| RADIUS FINANCIAL GROUP INC. | $4,620,000 | $6,475,000 | 40.2% | 0.1% |
| SALEM FIVE MORTGAGE COMPANY, LLC | $13,145,000 | $6,400,000 | -51.3% | 0.1% |
| The Huntington National Bank | $5,035,000 | $6,400,000 | 27.1% | 0.1% |
| BETTER MORTGAGE CORPORATION | $19,790,000 | $6,195,000 | -68.7% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $10,445,000 | $6,170,000 | -40.9% | 0.1% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $14,075,000 | $6,135,000 | -56.4% | 0.1% |
| Servion, Inc. | $11,205,000 | $6,120,000 | -45.4% | 0.1% |
| Truist | $4,440,000 | $6,095,000 | 37.3% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,965,000 | $6,060,000 | -23.9% | 0.1% |
| Coastal Community Bank | $6,025,000 | n/a | 0.1% | |
| MAINE HIGHLANDS FEDERAL CREDIT UNION | $9,630,000 | $5,945,000 | -38.3% | 0.1% |
| Cambridge Trust Company | $9,060,000 | $5,710,000 | -37.0% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $12,365,000 | $5,630,000 | -54.5% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $20,160,000 | $5,605,000 | -72.2% | 0.1% |
| Farm Credit East, ACA | $4,565,000 | $5,390,000 | 18.1% | 0.1% |
| Equity Prime Mortgage LLC | $4,715,000 | $5,325,000 | 12.9% | 0.1% |
| First Savings Bank | $3,300,000 | $5,220,000 | 58.2% | 0.1% |
| Holy Rosary Regional Credit Union | $3,300,000 | $5,030,000 | 52.4% | 0.1% |
| CASCO | $8,370,000 | $4,945,000 | -40.9% | 0.1% |
| Raymond James Bank | $2,005,000 | $4,935,000 | 146.1% | 0.1% |
| Rockland Trust Company | $19,860,000 | $4,865,000 | -75.5% | 0.1% |
| CIBC Bank USA | $4,730,000 | n/a | 0.1% | |
| KATAHDIN FCU | $5,270,000 | $4,505,000 | -14.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $13,830,000 | $4,485,000 | -67.6% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $6,900,000 | $4,385,000 | -36.4% | 0.1% |
| Ally Bank | $11,695,000 | $4,300,000 | -63.2% | 0.1% |
| Bangor Federal Credit Union | $7,095,000 | $4,270,000 | -39.8% | 0.1% |
| BAY EQUITY LLC | $7,105,000 | $4,060,000 | -42.9% | 0.1% |
| Berkshire Bank | $5,480,000 | $3,970,000 | -27.6% | 0.1% |
| Bethpage Federal Credit Union | $1,515,000 | $3,970,000 | 162.0% | 0.1% |
| UniBank for Savings | $3,810,000 | $3,970,000 | 4.2% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $3,930,000 | $3,900,000 | -0.8% | 0.1% |
| EVERETT FINANCIAL, INC. | $16,835,000 | $3,800,000 | -77.4% | 0.1% |
| A&D Mortgage LLC | $2,280,000 | $3,725,000 | 63.4% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $955,000 | $3,715,000 | 289.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $2,365,000 | $3,710,000 | 56.9% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $2,760,000 | $3,685,000 | 33.5% | 0.1% |
| NBKC BANK | $8,215,000 | $3,680,000 | -55.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $3,000,000 | $3,605,000 | 20.2% | 0.1% |
| SPRING EQ, LLC | $4,810,000 | $3,605,000 | -25.1% | 0.1% |
| Waterstone Mortgage Corporation | $2,045,000 | $3,525,000 | 72.4% | 0.1% |
| Figure Lending LLC | $3,265,000 | $3,515,000 | 7.7% | 0.1% |
| CARDINAL FINANCIAL | $7,095,000 | $3,460,000 | -51.2% | 0.0% |
| Webster Bank | $4,680,000 | $3,460,000 | -26.1% | 0.0% |
| Down East Credit Union | $10,875,000 | $3,420,000 | -68.6% | 0.0% |
| WESTERLY COMMUNITY | $1,690,000 | $3,355,000 | 98.5% | 0.0% |
| MAINE FAMILY | $8,795,000 | $3,275,000 | -62.8% | 0.0% |
| Meredith Village Savings Bank | $6,095,000 | $3,160,000 | -48.2% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $7,050,000 | $3,100,000 | -56.0% | 0.0% |
| ARC HOME LLC | $470,000 | $3,025,000 | 543.6% | 0.0% |
| NexBank | $225,000 | $2,990,000 | 1,228.9% | 0.0% |
| Goldman Sachs Bank USA | $9,635,000 | $2,960,000 | -69.3% | 0.0% |
| TRADEMARK | $5,325,000 | $2,925,000 | -45.1% | 0.0% |
| HANSCOM | $6,030,000 | $2,920,000 | -51.6% | 0.0% |
| Coast Line Credit Union | $6,360,000 | $2,820,000 | -55.7% | 0.0% |
| Northpointe Bank | $7,275,000 | $2,775,000 | -61.9% | 0.0% |
| Bank of New Hampshire | $9,015,000 | $2,750,000 | -69.5% | 0.0% |
| BMO Harris Bank | $2,745,000 | n/a | 0.0% | |
| OCMBC, INC. | $825,000 | $2,735,000 | 231.5% | 0.0% |
| NEW FED MORTGAGE, CORP. | $2,890,000 | $2,695,000 | -6.7% | 0.0% |
| Merrimack County Savings Bank | $1,790,000 | $2,645,000 | 47.8% | 0.0% |
| POLARIS HOME FUNDING CORP. | $2,645,000 | n/a | 0.0% | |
| PREMIA MORTGAGE, LLC | $905,000 | $2,580,000 | 185.1% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $2,575,000 | n/a | 0.0% | |
| ST. MARY'S BANK | $1,970,000 | $2,570,000 | 30.5% | 0.0% |
| TOP FLITE FINANCIAL, INC. | $2,410,000 | n/a | 0.0% | |
| Quontic Bank | $4,345,000 | $2,385,000 | -45.1% | 0.0% |
| Farmers Bank & Trust | $500,000 | $2,360,000 | 372.0% | 0.0% |
| PLANET HOME LENDING, LLC | $2,060,000 | $2,250,000 | 9.2% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $2,105,000 | $2,240,000 | 6.4% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $5,405,000 | $2,215,000 | -59.0% | 0.0% |
| Piscataqua Savings Bank | $14,345,000 | $2,190,000 | -84.7% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $7,845,000 | $2,175,000 | -72.3% | 0.0% |
| CENTRAL ONE FEDERAL CREDIT UNION | $1,275,000 | $2,165,000 | 69.8% | 0.0% |
| MORTGAGE EQUITY PARTNERS LLC | $2,900,000 | $2,150,000 | -25.9% | 0.0% |
| Prosperity Home Mortgage, LLC | $550,000 | $2,140,000 | 289.1% | 0.0% |
| Salem Five Cents Savings Bank | $1,735,000 | $2,110,000 | 21.6% | 0.0% |
| ZILLOW HOME LOANS, LLC | $4,660,000 | $2,085,000 | -55.3% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $5,065,000 | $2,040,000 | -59.7% | 0.0% |
| Firstrust Savings Bank | $13,140,000 | $2,035,000 | -84.5% | 0.0% |
| The Central Trust Bank | $1,510,000 | $2,035,000 | 34.8% | 0.0% |
| Stifel Bank and Trust | $9,005,000 | $2,030,000 | -77.5% | 0.0% |
| Bank of England | $3,740,000 | $2,025,000 | -45.9% | 0.0% |
| Enterprise Bank and Trust Company | $3,225,000 | $2,025,000 | -37.2% | 0.0% |
| Florida Capital Bank | $2,005,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $1,565,000 | $1,990,000 | 27.2% | 0.0% |
| United Nations Federal Credit Union | $3,445,000 | $1,975,000 | -42.7% | 0.0% |
| Citadel Servicing Corporation | $390,000 | $1,940,000 | 397.4% | 0.0% |
| City National Bank | $5,680,000 | $1,840,000 | -67.6% | 0.0% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $1,815,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $2,215,000 | $1,770,000 | -20.1% | 0.0% |
| Nations Lending Corporation | $6,395,000 | $1,770,000 | -72.3% | 0.0% |
| Easthampton Savings Bank | $145,000 | $1,740,000 | 1,100.0% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $1,515,000 | $1,700,000 | 12.2% | 0.0% |
| Jeanne D'Arc Credit Union | $1,415,000 | $1,670,000 | 18.0% | 0.0% |
| Arvest Bank | $2,300,000 | $1,665,000 | -27.6% | 0.0% |
| LENDSURE MORTGAGE CORP. | $895,000 | $1,650,000 | 84.4% | 0.0% |
| First Internet Bank of Indiana | $1,985,000 | $1,610,000 | -18.9% | 0.0% |
| Monson Savings Bank | $480,000 | $1,605,000 | 234.4% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,930,000 | $1,540,000 | -20.2% | 0.0% |
| Armed Forces Bank | $1,675,000 | $1,535,000 | -8.4% | 0.0% |
| Nicolet National Bank | $1,505,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $3,890,000 | $1,440,000 | -63.0% | 0.0% |
| MEMBERS MORTGAGE COMPANY, INC. | $2,365,000 | $1,425,000 | -39.7% | 0.0% |
| First Merchants Bank | $1,395,000 | n/a | 0.0% | |
| FIRST MORTGAGE COMPANY, INC. | $355,000 | $1,395,000 | 293.0% | 0.0% |
| Home Loan Investment Bank, F.S.B. | $515,000 | $1,395,000 | 170.9% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $635,000 | $1,355,000 | 113.4% | 0.0% |
| LENDINGONE, LLC | $105,000 | $1,355,000 | 1,190.5% | 0.0% |
| Keystone Funding, Inc. | $1,350,000 | n/a | 0.0% | |
| HARVARD UNIVERSITY EMPLOYEES | $350,000 | $1,325,000 | 278.6% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,755,000 | $1,315,000 | -25.1% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $1,490,000 | $1,270,000 | -14.8% | 0.0% |
| Baxter Credit Union | $780,000 | $1,255,000 | 60.9% | 0.0% |
| AMWEST FUNDING CORP. | $1,250,000 | n/a | 0.0% | |
| SILVER HILL FUNDING, LLC | $1,250,000 | n/a | 0.0% | |
| The Northern Trust Company | $1,240,000 | $1,225,000 | -1.2% | 0.0% |
| PHH Mortgage Corporation | $8,175,000 | $1,155,000 | -85.9% | 0.0% |
| Midcoast Federal Credit Union | $11,915,000 | $1,135,000 | -90.5% | 0.0% |
| MORTGAGE ACCESS CORP. | $520,000 | $1,135,000 | 118.3% | 0.0% |
| DREW MORTGAGE ASSOCIATES, INC. | $470,000 | $1,120,000 | 138.3% | 0.0% |
| Northway Bank | $5,660,000 | $1,105,000 | -80.5% | 0.0% |
| MICHIGAN MUTUAL, INC. | $4,565,000 | $1,100,000 | -75.9% | 0.0% |
| MID-ISLAND MORTGAGE CORP. | $1,075,000 | n/a | 0.0% | |
| AMERICAN HERITAGE LENDING, INC. | $575,000 | $1,065,000 | 85.2% | 0.0% |
| JUSTICE Federal Credit Union | $295,000 | $1,055,000 | 257.6% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $1,220,000 | $1,055,000 | -13.5% | 0.0% |
| MutualOne Bank | $2,205,000 | $1,035,000 | -53.1% | 0.0% |
| Eastern Bank | $9,120,000 | $1,010,000 | -88.9% | 0.0% |
| F&A Federal Credit Union | $995,000 | n/a | 0.0% | |
| NBH Bank | $1,485,000 | $990,000 | -33.3% | 0.0% |
| NFM, INC. | $1,730,000 | $985,000 | -43.1% | 0.0% |
| Axos Bank | $550,000 | $960,000 | 74.5% | 0.0% |
| Profile Bank | $1,000,000 | $955,000 | -4.5% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $1,570,000 | $950,000 | -39.5% | 0.0% |
| Plains Commerce Bank | $1,130,000 | $950,000 | -15.9% | 0.0% |
| FineMark National Bank & Trust | $905,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $235,000 | $900,000 | 283.0% | 0.0% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,445,000 | $870,000 | -39.8% | 0.0% |
| Wilmington Savings Fund Society, FSB | $740,000 | $870,000 | 17.6% | 0.0% |
| NP, Inc. | $675,000 | $855,000 | 26.7% | 0.0% |
| Presidential Bank, FSB | $315,000 | $845,000 | 168.3% | 0.0% |
| Avidia Bank | $2,500,000 | $825,000 | -67.0% | 0.0% |
| First Federal Bank | $3,755,000 | $820,000 | -78.2% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $420,000 | $815,000 | 94.0% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $695,000 | $810,000 | 16.5% | 0.0% |
| Ameris Bank | $255,000 | $800,000 | 213.7% | 0.0% |
| BNC National Bank | $5,445,000 | $795,000 | -85.4% | 0.0% |
| Hometown Equity Mortgage, LLC | $155,000 | $785,000 | 406.5% | 0.0% |
| AmeriHome Mortgage Company, LLC | $2,685,000 | $775,000 | -71.1% | 0.0% |
| Main Street Bank | $375,000 | $765,000 | 104.0% | 0.0% |
| South Shore Bank | $765,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $125,000 | $740,000 | 492.0% | 0.0% |
| TJC Mortgage, Inc. | $730,000 | n/a | 0.0% | |
| First Bank | $305,000 | $725,000 | 137.7% | 0.0% |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $1,905,000 | $725,000 | -61.9% | 0.0% |
| RESIDENTIAL BANCORP | $2,180,000 | $720,000 | -67.0% | 0.0% |
| Eagle Bank | $705,000 | n/a | 0.0% | |
| Haverhill Bank | $805,000 | $695,000 | -13.7% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $690,000 | n/a | 0.0% | |
| Shamrock Home Loans, Inc. | $1,845,000 | $690,000 | -62.6% | 0.0% |
| Honor Credit Union | $670,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $650,000 | $665,000 | 2.3% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $135,000 | $665,000 | 392.6% | 0.0% |
| UMB Bank | $1,005,000 | $665,000 | -33.8% | 0.0% |
| First-Citizens Bank & Trust Company | $565,000 | $660,000 | 16.8% | 0.0% |
| Community First National Bank | $345,000 | $650,000 | 88.4% | 0.0% |
| Needham Bank | $465,000 | $640,000 | 37.6% | 0.0% |
| SIRVA MORTGAGE, INC. | $315,000 | $625,000 | 98.4% | 0.0% |
| Cornerstone Bank | $1,575,000 | $615,000 | -61.0% | 0.0% |
| MASS. INSTITUTE OF TECH. FEDERAL CREDIT UNION | $610,000 | n/a | 0.0% | |
| Paramount Bank | $885,000 | $605,000 | -31.6% | 0.0% |
| The First National Bank and Trust Company of Broken Arrow | $605,000 | n/a | 0.0% | |
| NATIONS RELIABLE LENDING, LLC | $380,000 | $600,000 | 57.9% | 0.0% |
| Connexus Credit Union | $590,000 | n/a | 0.0% | |
| RCN Capital, LLC | $1,690,000 | $590,000 | -65.1% | 0.0% |
| Mid-Continent Funding, Inc. | $1,200,000 | $580,000 | -51.7% | 0.0% |
| Northern Bank & Trust Company | $980,000 | $580,000 | -40.8% | 0.0% |
| PAWTUCKET | $575,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $575,000 | n/a | 0.0% | |
| The Lowell Five Cent Savings Bank | $510,000 | $575,000 | 12.7% | 0.0% |
| Solarity Credit Union | $565,000 | n/a | 0.0% | |
| BOKF | $420,000 | $555,000 | 32.1% | 0.0% |
| Merchants Mortgage & Trust Corporation | $545,000 | n/a | 0.0% | |
| Union Bank | $1,115,000 | $545,000 | -51.1% | 0.0% |
| MountainOne Bank | $195,000 | $540,000 | 176.9% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $540,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $535,000 | n/a | 0.0% | |
| EASTMAN | $210,000 | $530,000 | 152.4% | 0.0% |
| Fall River Five Cents Savings Bank | $555,000 | $525,000 | -5.4% | 0.0% |
| USAlliance Federal Credit Union | $625,000 | $520,000 | -16.8% | 0.0% |
| FIRST HOME MORTGAGE CORPORATION | $660,000 | $505,000 | -23.5% | 0.0% |
| GoPrime Mortgage, Inc. | $505,000 | n/a | 0.0% | |
| Pinnacle Bank | $505,000 | n/a | 0.0% | |
| Mechanics Cooperative Bank | $475,000 | n/a | 0.0% | |
| OCEAN STATE CREDIT UNION | $1,410,000 | $475,000 | -66.3% | 0.0% |
| RUOFF MORTGAGE COMPANY, INC. | $1,840,000 | $470,000 | -74.5% | 0.0% |
| Secured Investment Corp. | $240,000 | $465,000 | 93.8% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $530,000 | $460,000 | -13.2% | 0.0% |
| TOWER | $990,000 | $460,000 | -53.5% | 0.0% |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $865,000 | $460,000 | -46.8% | 0.0% |
| Extraco Banks | $455,000 | n/a | 0.0% | |
| S1L, Inc. | $450,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $1,160,000 | $445,000 | -61.6% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $1,655,000 | $430,000 | -74.0% | 0.0% |
| Navigant Credit Union | $210,000 | $425,000 | 102.4% | 0.0% |
| Advisors Mortgage Group, L.L.C. | $580,000 | $420,000 | -27.6% | 0.0% |
| Heritage Bank | $415,000 | n/a | 0.0% | |
| Old National Bank | $115,000 | $415,000 | 260.9% | 0.0% |
| Adams Community Bank | $445,000 | $405,000 | -9.0% | 0.0% |
| Freedom Credit Union | $405,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $115,000 | $405,000 | 252.2% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $255,000 | $405,000 | 58.8% | 0.0% |
| RBC Bank, (Georgia) | $235,000 | $405,000 | 72.3% | 0.0% |
| Everett Co-operative Bank | $1,505,000 | $400,000 | -73.4% | 0.0% |
| Republic State Mortgage Co. | $340,000 | $395,000 | 16.2% | 0.0% |
| UTILITIES EMPLOYEES CREDIT UNION | $390,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $1,355,000 | $375,000 | -72.3% | 0.0% |
| Lone Star National Bank | $375,000 | n/a | 0.0% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $4,375,000 | $365,000 | -91.7% | 0.0% |
| MERRIMACK VALLEY | $1,810,000 | $365,000 | -79.8% | 0.0% |
| North Shore Bank, a Co-operative Bank | $1,160,000 | $365,000 | -68.5% | 0.0% |
| First Western Federal Savings Bank | $355,000 | n/a | 0.0% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $460,000 | $355,000 | -22.8% | 0.0% |
| First IC Corporation | $350,000 | n/a | 0.0% | |
| MASSMUTUAL | $350,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $345,000 | n/a | 0.0% | |
| Bank of Whittier | $610,000 | $325,000 | -46.7% | 0.0% |
| FINANCIAL RESOURCES FEDERAL CREDIT UNION | $125,000 | $325,000 | 160.0% | 0.0% |
| First Financial Bank | $325,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $325,000 | n/a | 0.0% | |
| First National Bank of America | $380,000 | $315,000 | -17.1% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $310,000 | n/a | 0.0% | |
| Blue Ridge Bank | $305,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $305,000 | n/a | 0.0% | |
| MLD MORTGAGE INC. | $305,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $305,000 | n/a | 0.0% | |
| Fifth Third Bank | $295,000 | $300,000 | 1.7% | 0.0% |
| RF Renovo Management Company, LLC | $1,255,000 | $300,000 | -76.1% | 0.0% |
| BELCO COMMUNITY CREDIT UNION | $295,000 | n/a | 0.0% | |
| First Central Savings Bank | $295,000 | n/a | 0.0% | |
| MID AMERICA MORTGAGE, INC. | $860,000 | $295,000 | -65.7% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $1,885,000 | $295,000 | -84.4% | 0.0% |
| Flanagan State Bank | $285,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $270,000 | n/a | 0.0% | |
| Magnolia Bank | $2,795,000 | $265,000 | -90.5% | 0.0% |
| US MORTGAGE CORPORATION | $425,000 | $265,000 | -37.6% | 0.0% |
| DUPACO COMMUNITY | $260,000 | n/a | 0.0% | |
| QUORUM FEDERAL CREDIT UNION | $1,470,000 | $260,000 | -82.3% | 0.0% |
| First Carolina Bank | $255,000 | n/a | 0.0% | |
| Reading Co-Operative Bank | $305,000 | $255,000 | -16.4% | 0.0% |
| Rollstone Bank & Trust | $1,820,000 | $255,000 | -86.0% | 0.0% |
| LOGIX FEDERAL CREDIT UNION | $1,750,000 | $250,000 | -85.7% | 0.0% |
| MIDFLORIDA | $245,000 | n/a | 0.0% | |
| Mortgage Assurance Inc. | $770,000 | $245,000 | -68.2% | 0.0% |
| The Fidelity Deposit and Discount Bank | $245,000 | n/a | 0.0% | |
| The Union Bank Company | $1,980,000 | $235,000 | -88.1% | 0.0% |
| Elements Financial Federal Credit Union | $230,000 | n/a | 0.0% | |
| Liberty Savings Bank, F.S.B. | $225,000 | n/a | 0.0% | |
| TEACHERS CREDIT UNION | $225,000 | n/a | 0.0% | |
| HUDSON HERITAGE | $215,000 | n/a | 0.0% | |
| ADVANCIAL | $485,000 | $205,000 | -57.7% | 0.0% |
| Alerus Financial | $320,000 | $205,000 | -35.9% | 0.0% |
| Peoples Bank | $600,000 | $205,000 | -65.8% | 0.0% |
| The Bank of Canton | $205,000 | n/a | 0.0% | |
| Wyndham Capital Mortgage, Inc. | $7,755,000 | $205,000 | -97.4% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,665,000 | $195,000 | -88.3% | 0.0% |
| Centennial Bank | $195,000 | n/a | 0.0% | |
| Franklin Savings Bank | $2,525,000 | $195,000 | -92.3% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $175,000 | $195,000 | 11.4% | 0.0% |
| Westfield Bank | $940,000 | $185,000 | -80.3% | 0.0% |
| Centier Bank | $95,000 | $180,000 | 89.5% | 0.0% |
| United States Senate Federal Credit Union | $160,000 | $160,000 | 0.0% | 0.0% |
| COMMUNITYAMERICA | $155,000 | n/a | 0.0% | |
| Educational Employees Credit Union | $155,000 | n/a | 0.0% | |
| MASS BAY Credit Union | $150,000 | n/a | 0.0% | |
| Semper Home Loans, Inc. | $95,000 | $145,000 | 52.6% | 0.0% |
| Actors Federal Credit Union | $125,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $815,000 | $125,000 | -84.7% | 0.0% |
| ILLINOIS STATE CREDIT UNION | $125,000 | n/a | 0.0% | |
| MORTGAGE MARKETS CUSO, LLC | $265,000 | $125,000 | -52.8% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $45,000 | $115,000 | 155.6% | 0.0% |
| GENEVA FINANCIAL, LLC | $155,000 | $115,000 | -25.8% | 0.0% |
| Sierra Pacific Mortgage Company, Inc. | $1,320,000 | $115,000 | -91.3% | 0.0% |
| ALIGN CREDIT UNION | $1,035,000 | $105,000 | -89.9% | 0.0% |
| Institution for Savings in Newburyport and Its Vicinity | $12,730,000 | $105,000 | -99.2% | 0.0% |
| INTERSTATE HOME LOAN CENTER, INC. | $105,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $1,570,000 | $100,000 | -93.6% | 0.0% |
| GREENWOOD | $370,000 | $100,000 | -73.0% | 0.0% |
| WINGS FINANCIAL | $55,000 | $95,000 | 72.7% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $105,000 | $85,000 | -19.0% | 0.0% |
| Brookline Bank | $22,360,000 | $85,000 | -99.6% | 0.0% |
| Christian Community Credit Union | $85,000 | n/a | 0.0% | |
| MidFirst Bank | $105,000 | $85,000 | -19.0% | 0.0% |
| LIBERTY BAY CREDIT UNION | $75,000 | n/a | 0.0% | |
| SCIENT Federal Credit Union | $70,000 | n/a | 0.0% | |
| Metrowest Community Federal Credit Union | $55,000 | n/a | 0.0% | |
| RTN FEDERAL CREDIT UNION | $1,820,000 | $55,000 | -97.0% | 0.0% |
| Consolidated Federal Credit Union | $45,000 | n/a | 0.0% | |
| Northwest Federal Credit Union | $690,000 | $35,000 | -94.9% | 0.0% |
| Granite State Credit Union | $25,000 | n/a | 0.0% |
Maine's top lender by overall market share is Bangor Savings Bank, with 8.3% market share. In second place, with 5.4%, is The Camden National Bank, having originated $380,685,000 in loans. In third place, with 5.3%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $369,335,000 in loans. In fourth place, with 4.7%, is GUILD MORTGAGE COMPANY, having originated $326,555,000 in loans. In fifth place, with 4.5%, is CMG MORTGAGE, INC., having originated $312,375,000 in loans.
Maine Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 14,732 | $4,917,700,000 | $333,811 |
| Home Improvement | 4,836 | $539,240,000 | $111,505 |
| Cash Out Refi | 3,597 | $681,285,000 | $189,404 |
| Other | 3,211 | $407,915,000 | $127,037 |
| Refi | 2,215 | $464,295,000 | $209,614 |
| NA | 11 | $1,525,000 | $138,636 |
Maine's most frequently cited loan purpose was Home Purchase, with 14,732 originations. The 2nd most popular reason was Home Improvement, with 4,836 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 8,632 | $2,018,270,000 | $233,813 |
| 6-7% | 8,616 | $2,486,850,000 | $288,632 |
| Over 8% | 4,666 | $660,270,000 | $141,507 |
| 5-6% | 3,321 | $1,044,725,000 | $314,581 |
| 4-5% | 349 | $99,745,000 | $285,802 |
| 3-4% | 64 | $21,470,000 | $335,469 |
| <2.5% | 11 | $6,615,000 | $601,364 |
| 2.5-3% | 7 | $2,015,000 | $287,857 |
During 2023, Maine's most frequently originated rate bucket was 7-8%, with 8,632 originations.
Loan Sizing (Maine MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 9,498 | $2,693,390,000 | $283,574 |
| $100,000 or less | 7,957 | $431,415,000 | $54,218 |
| $100k-200k | 6,744 | $974,510,000 | $144,500 |
| $400k-600k | 2,927 | $1,394,715,000 | $476,500 |
| $600k-1000k | 1,081 | $784,835,000 | $726,027 |
| $Over $1MM | 395 | $733,095,000 | $1,855,937 |
Maine's loan sizing saw the bucket of loans from $200k-400k with 9,498 originations, totaling $2,693,390,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 8,062 | $2,622,110,000 | $325,243 |
| 60-80% | 5,581 | $2,007,045,000 | $359,621 |
| Under 20% | 4,970 | $304,920,000 | $61,352 |
| 20-40% | 3,924 | $564,960,000 | $143,976 |
| 40-60% | 2,802 | $719,050,000 | $256,620 |
| Over 100% | 248 | $104,650,000 | $421,976 |
Maine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 8,062 originations, totaling $2,622,110,000 in origination value.