Getting a mortgage for your Maine home
It’s hard not to love all of the harbors, trails, and state parks that Maine has to offer. You can walk the cobblestone streets of Portland or the rocky shores of Bar Harbor. You can explore lighthouses, canoe the lakes, and even go lobstering. The natural beauty and outdoor activities can be found from Kennebunkport to Stockholm, and out toward Cutler to Moose Island. It’s the perfect home state for nature and water lovers, and “it’s the way life should be.”
If you’re looking to buy a home in Maine, start your mortgage application now, and you can have a pre-approval letter in hand when you’re touring homes!
Already a Maine homeowner? We can also help with mortgage refinancing!
Maine mortgage rates and trends
National mortgage rates dropped to all-time lows in large part due to COVID-19. This resulted in millions of Americans taking advantage of low borrowing costs.
Maine mortgage rates followed that trend, but the market has been undergoing gradual increases recently. That said, rates remain low by historical standards. In fact, regardless of when you took out a mortgage, it's in your best interest to take advantage of a free mortgage review with a trustworthy lender. A lower rate could mean hundreds of dollars in monthly savings.
Borrowers should know that credit scores and debt-to-income ratio can impact their mortgage rate. To get the best rate, talk with a lender who puts customers first. This means customizing a loan program based on your personal needs. The American Financing team will guide you through one of our many home mortgage options, including FHA, VA, Conventional, USDA, and more.
Down payment assistance
Maine home buyers may qualify for down payment assistance. If you’re looking to purchase a Maine home, let us help you understand what options and grants* are available to you.
Be sure to ask about:
*Actual assistance amount may vary based on purchase city, credit score, and other financial requirements. Down payment assistance programs are at the city and/or state level, and they are not funded by American Financing. A homebuyer education course may need to be completed prior to applying.
Check with your mortgage consultant about funding today!
Refinancing your mortgage
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Is your monthly mortgage payment or interest rate too high?
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Do you have high-interest debt holding you back?
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Do you want to be mortgage-free sooner?
If you answered yes to any of these questions, now is the time to schedule a free mortgage review with one of our Maine mortgage consultants. Learn about the benefits of mortgage refinancing, and you could be looking at up to $1,000 a month in savings. When working with American Financing, you can choose any loan term you need ten years and over! Just call a mortgage consultant to learn more.
Why American Financing?
We’re a national mortgage lender that’s dedicated to making homeownership affordable. Competitive mortgage rates and no upfront fees are just the beginning. Our dedicated mortgage consultants work hard to customize the right loan program for your financial goals. We're able to complete most of the lending process online, creating an even faster experience for you.
We try to make it memorable, too. After all, this is not just a transaction. We’re always available to answer any mortgage-related questions after closing. We can also help with refinancing to a better rate or to get cash out. So, here’s to the start of a lifelong relationship!
Let’s build your home loan together
Call (800) 910-4055 to connect with a Maine mortgage consultant. We’ll customize any loan in the industry while offering the best service, lowest rates, and fastest closings. Let us show you how simple the mortgage refinancing or new home purchase process can be!
American Financing is an Equal Housing Lender; NMLS #182334 www.NMLSConsumerAccess.org; Licensed in 50 states.
