Maine mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Maine's 16 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 11,664 home-purchase mortgages for owner-occupied, single-family homes in Maine. The median buyer borrowed $325,000 on a home valued at $405,000 and reported a household income of $114,000.
Buyers financed a median 87% of the home's value (roughly 13% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $4,300.
Lenders denied 8.3% of completed home-purchase applications.
Key facts
- Median conventional loan costs ($4,300) were 23% lower than the U.S. median ($5,570).
- 44.9% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- Second homes accounted for 10.8% of first-lien purchase mortgages — a vacation-home market.
- The most common age bracket among borrowers was 25–34 (33.7% of purchase loans).
- 49.8% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (39.9% of denials with a stated reason).
The 2026 conforming limit is $832,750 for a one-unit home in every Maine county. See every Maine county's 2026 FHA and conforming loan limits.
Maine counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Androscoggin County | 975 | $305,000 | $99,000 | 5.0% | 6.625% | $4,390 | 6.5% | $541,287 |
| Aroostook County | 416 | $175,000 | $81,000 | 5.0% | 6.750% | $3,820 | 20.7% | $541,287 |
| Cumberland County | 2,862 | $435,000 | $148,000 | 20.0% | 6.625% | $4,450 | 6.2% | $615,250 |
| Franklin County | 189 | $255,000 | $90,000 | 5.0% | 6.750% | $3,930 | 10.5% | $541,287 |
| Hancock County | 354 | $305,000 | $108,000 | 17.1% | 6.625% | $4,110 | 8.5% | $541,287 |
| Kennebec County | 1,174 | $285,000 | $101,000 | 10.0% | 6.625% | $3,880 | 6.6% | $541,287 |
| Knox County | 273 | $315,000 | $115,000 | 20.0% | 6.750% | $4,540 | 5.1% | $541,287 |
| Lincoln County | 276 | $325,000 | $110,000 | 20.0% | 6.750% | $4,540 | 7.6% | $541,287 |
| Oxford County | 417 | $275,000 | $94,000 | 5.0% | 6.750% | $4,170 | 11.3% | $541,287 |
| Penobscot County | 1,286 | $265,000 | $97,000 | 8.1% | 6.625% | $3,940 | 9.9% | $541,287 |
| Piscataquis County | 139 | $205,000 | $73,000 | 8.7% | 6.625% | $4,180 | 14.3% | $541,287 |
| Sagadahoc County | 321 | $355,000 | $125,000 | 20.0% | 6.625% | $4,170 | 5.8% | $615,250 |
| Somerset County | 348 | $225,000 | $83,000 | 5.0% | 6.625% | $3,920 | 10.7% | $541,287 |
| Waldo County | 313 | $275,000 | $100,000 | 15.0% | 6.625% | $4,300 | 10.1% | $541,287 |
| Washington County | 183 | $195,000 | $89,000 | 17.6% | 6.750% | $3,780 | 14.9% | $541,287 |
| York County | 2,115 | $395,000 | $128,000 | 15.0% | 6.750% | $4,500 | 7.3% | $615,250 |
Who bought homes in Maine
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Maine
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Maine | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.990% | 5.875% |
| Rate spread vs. APOR · conventional | +0.23 pts | +0.13 pts |
| Total loan costs · conventional | $4,300 | $5,570 |
| Total loan costs · FHA | $10,230 | $11,310 |
| Total loan costs · VA | $5,120 | $6,490 |
| Origination charges (all loan types) | $1,670 | $1,860 |
| Borrowers paying discount points | 33.3% | 51.3% |
| Points paid, when paid (% of loan) | 0.50% | 0.87% |
| Borrowers receiving lender credits | 28.7% | 33.1% |
| Adjustable-rate mortgages | 6.0% | 7.4% |
| Jumbo loans (above conforming limit) | 2.9% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Maine: 1,086 of 13,096 completed home-purchase applications were denied (8.3%).
Denial rate
| Application | Maine | U.S. |
|---|---|---|
| Home purchase | 8.3% | 8.5% |
| Conventional | 7.3% | 7.1% |
| FHA | 10.7% | 12.5% |
| VA | 8.7% | 8.0% |
| USDA | 20.4% | 12.5% |
| Refinance | 16.0% | 17.9% |
| Cash-out refinance | 33.3% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Maine
Top mortgage lenders in Maine
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 1,734 | 10.0% | 5.3% | 6.847% | +0.29 | $5,020 |
| 2 | CMG Mortgage, Inc. | 1,196 | 6.9% | 3.3% | 6.625% | +0.19 | $4,260 |
| 3 | Bangor Savings Bank | 1,194 | 6.9% | 6.2% | 6.375% | +0.05 | $3,580 |
| 4 | Rocket Mortgage, LLC | 1,094 | 6.3% | 20.7% | 6.875% | +0.37 | $6,050 |
| 5 | Guild Mortgage Company | 1,019 | 5.9% | 3.8% | 6.750% | +0.30 | $4,350 |
| 6 | The Camden National Bank | 546 | 3.1% | 4.1% | 6.490% | −0.03 | $3,980 |
| 7 | Veterans United Home Loans | 466 | 2.7% | 9.9% | — | — | — |
| 8 | Kennebec Savings Bank | 414 | 2.4% | 3.5% | 6.750% | +0.61 | $1,050 |
| 9 | Freedom Mortgage Corporation | 326 | 1.9% | — | — | — | — |
| 10 | Fairway Independent Mortgage Corporation | 297 | 1.7% | 3.8% | 6.875% | +0.40 | $4,840 |
| 11 | New American Funding | 295 | 1.7% | 3.4% | 6.750% | +0.28 | $4,590 |
| 12 | Northpoint Mortgage, Inc. | 290 | 1.7% | 1.9% | 6.750% | +0.30 | $4,690 |
| 13 | CrossCountry Mortgage, Inc. | 281 | 1.6% | 5.0% | 6.740% | +0.21 | $4,680 |
| 14 | Cuso Mortgage Corporation | 279 | 1.6% | 15.9% | 7.000% | +0.38 | $3,800 |
| 15 | Androscoggin Savings Bank | 277 | 1.6% | 2.7% | 6.625% | +0.03 | $4,090 |
| 16 | Total Mortgage Services, LLC | 239 | 1.4% | 4.2% | 6.990% | +0.45 | $5,900 |
| 17 | Pennymac Loan Services, LLC | 201 | 1.2% | 10.7% | 6.875% | +0.43 | $5,780 |
| 18 | loanDepot.com, LLC | 194 | 1.1% | 12.5% | 6.750% | +0.32 | $4,490 |
| 19 | Rate | 185 | 1.1% | 4.8% | 6.500% | +0.17 | $4,970 |
| 20 | Newrez LLC | 184 | 1.1% | 13.3% | 6.625% | +0.29 | $4,260 |
| 21 | Leaderone Financial Corporation | 183 | 1.1% | 8.3% | 6.750% | +0.34 | $4,090 |
| 22 | Maine Community Bank | 180 | 1.0% | 8.4% | — | — | — |
| 23 | First National Bank | 166 | 1.0% | 7.7% | 7.125% | +0.29 | $4,920 |
| 24 | T2 Financial LLC | 156 | 0.9% | 5.2% | 6.875% | +0.47 | $4,730 |
| 25 | Paramount Residential Mortgage Group, Inc. | 151 | 0.9% | 7.4% | 6.875% | +0.54 | $8,020 |
Largest lenders in Maine by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Maine
- Portland-South Portland, ME · 5,298 purchases
- Bangor, ME · 1,286 purchases
- Lewiston-Auburn, ME · 975 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology