Maine Mortgage Rates and Refinance Rates Today
Mortgages in Maine: Find the best Maine mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Maine, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in Maine. Another option is searching for Maine refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of Maine mortgage rates or refinance rates.
Search and Compare Maine Current Mortgage Rates & Refinance Rates
Mortgage Rates Updated Thu Oct 22, 2020
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
3.693%
3.500%
USD
 NMLS # 3030
The Better Business Bureau gives Quicken Loans and A+ for customer service.
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.739%
3.625%
USD
 NMLS # 3030
From the lender: We can close your loan in less than a month!
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
3.314%
3.125%
USD
NMLS # 3030
From the lender: We can close your loan in less than a month!
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Maine Conforming Mortgage Rates and Refinance Rates
Conforming home mortgage rates in Maine are the most popular type of mortgages rates you can find advertised for home buyers in Maine. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Maine mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees Maine banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Maine conforming mortgage rates and refi rates lower than Maine jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Maine home finance companies, credit unions and banks.
Jumbo Mortgage Rates and Refinance Rates in Maine
Jumbo mortgage rates in Maine are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in Maine and adjustable mortgage rates in Maine. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Maine make.
Maine Fixed Mortgage Rates and Fixed Refinance Rates
Maine fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.
Maine Adjustable Mortgage Rates
Adjustable Maine mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in Maine are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in Maine. Most adjustable mortgages in Maine have yearly caps and life time maximum caps on how high the interest rate can fluctuate.
Cities in Maine
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