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Are you interested in living in Maine? There are nearly 747,000 housing units in the Pine Tree State. With a homeownership rate of 71%, according to the U.S. Census Bureau’s 2018 American Community Survey, Maine is a popular place to own a home.
Maine’s median housing value is $197,500, which is below the national median of $229,700. Although home values vary by region, they still remain relatively average across the state, with the highest counties reporting a median of $269,200.
U.S. News’ Best Maine Mortgage Lenders of 2020
Before You Apply
- Mortgage types: fixed rate, Affordable Loan Solution, FHA, VA, ARM, home equity line of credit, fixed-rate refinancing, FHA refinancing, VA refinancing, cash-out refinancing, adjustable-rate refinancing, jumbo
- Minimum FICO credit score: Not disclosed
- Maximum loan amount: $2.5 million
- Better Business Bureau rating: A+
Best Features
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Bank of America has a wide variety of mortgage products.
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The lender offers origination fee discounts for qualifying Bank of America and Merrill Lynch clients.
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Home equity lines of credit have no annual, application or cash advance fees or closing costs.
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Bank of America offers a first-time homebuyer program.