Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Maine Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $241,039 $152,500 $205,000 $285,000
Property Values $390,243 $225,000 $315,000 $450,000
Average LTV 68.9%
Percent Refinance 85.9%
Pct of Refis Cashout 10.2%

Maine Mortgage Rates

In Maine, the search for the lowest rate mortgage can be broken down into four steps. At each step of the process, Mortgageloan.com has a tool to assist you:

  • Learning about types of mortgage loans, and developing realistic goals and expectations. Hundreds of articles and mortgage calculators can teach you everything you need to know.
  • Reviewing mortgage interest rates. Advertised lender rates on Mortgageloan.com give you an idea of how rates are trending.
  • Locating and contacting suitable lenders. Mortgageloan.com maintains a directory of Maine brokers.
  • Evaluating mortgage offers. Once you receive a rate lock or even a prequalification, you can revisit the mortgage calculators to fine-tune the numbers.

Once you've spent some time with the above material, you'll be ready to make the best decisions as to which mortgage loan is right for you.

Quicken Loans

4.196%APR

Rates as of: 7/24/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.125%
  • 3.990%
  • 4.250%
  • 4.125%
  • 4.375%
  • 4.375%
  • 4.375%
  • 4.365%
  • 4.196%
  • 4.416%
  • 4.279%
  • 4.550%
  • 4.497%
  • 4.487%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.625%
  • 1.125%
  • 1.000%
  • 0.000%
  • 0.000%
  • 0.000%
  • $994
  • $978
  • $1,008
  • $994
  • $1,024
  • $1,024
  • $1,024

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Maine

This Maine Rate Map lets you see what sort of mortgage rates other borrowers around the state have been able to obtain. Each individual marker represents a single mortgage loan.

Use the map to find out what sort of mortgage rates borrowers were able to get in with various credit scores, loan amounts, loan-to-value ratios and other factors, and in various communities around the state.

This rate map project is our effort to help make the mortgage process more transparent for all borrowers. If you’d like to participate, just click on the “Share Your Rate” link above the map to anonymously share the mortgage rate you were able to get on a recent loan. Your fellow consumers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Fixed-Rate Mortgages

Many single-family homes are financed with a fixed-rate mortgage (FRM). FRMs have a locked-in interest rate and constant monthly payment. In comparison, an adjustable-rate mortgage (ARM) is subject to rate and payment changes over time. Amortization for a FRM can range from 10 years to 40 years, but the most common loan life is 30 years. You can save money on the interest rate and total interest costs by selecting the shortest amortization period that you can afford.

Saving on Taxes

You can estimate your potential tax savings with Mortgageloan.com's Tax Savings Calculator. Tax law entitles you to deduct the property taxes, the mortgage interest, and the loan points. Most of the items are treated the same for purchase mortgages and refinance mortgages, with the exception of loan points. Your mortgage interest and property taxes can always be deducted in the year that they are paid. The same holds true for loan points on a purchase mortgage. Points paid on a refinance mortgage, however, can't be entirely deducted in the first year, but have to be amortized over the loan's life.

Comparing Mortgages

You might decide to pursue different loan types, to see which best fits your situation. Consider keeping yourself organized by reviewing your mortgage loan offers by loan type first. Frankly, it's difficult to compare an FRM to an ARM, because the structures are so different. If you can't decide which structure you prefer, select the best offer from each category and compare them with a mortgage calculator. Remember that the payment amount shouldn't be the only relevant factor. A low payment on an ARM could mean that you aren't paying down much in principal. Delayed principal pay down eventually leads to higher total interest costs and a slower build-up of equity. The most reliable way to save money on your mortgage is to consult with several lenders. Start reviewing your options now in our Maine broker directory. You have your choice of property types in Maine-waterfront estates, Victorian homes, farmland, and more-and you also have your choice of low-rate mortgages and highly qualified lenders.