Maine Mortgage Information

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Current Mortgage Rates
Type of Loan	Rate*        APR*
5 Year ARM	5.821% 5.033%
15 Year Fixed	5.243% 5.288%
30 Year Fixed	5.729% 5.717%
Home Equity Loan	7.420% 5.740%
HELOC	6.305% 6.990%
*Rates & APRs are based on Rate Observer .

Need a home equity loan in Maine?  Frequently used Maine Home equity loans are: Maine 125 Cash Out Home Equity Loans, Maine Cash Out Home Equity Loans, Maine Refinance Loans, Maine Bad Credit Home Equity Loans, Maine Home Equity Lines of Credit (HELOC), and Maine Second Mortgages.  Maybe we can help you if you are just looking for more information about Maine Home Equity Loans.

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Not sure what kind of Maine home equity loan you are looking for?  Then start by looking at Credit Unions, Banks, Mortgage Brokers, or Savings and Loans that lend in Maine.

Some quick facts on Maine owner occupied homes with a mortgage¹ :

• The median Maine home price is $153,104.
• 75.4% of Maine home owners have only a single mortgage.
• Only 0.5% of Maine home owners have both a second mortgage and a home equity loan.
• While the median income for all of Maine is $51,372, the median income for owner occupied homes in Maine with a mortgage is $59,872.
• The median monthly Maine housing cost is $1,020.
• Maine Median Annual real estate taxes are $1,768.
• While the national average Expedian Credit score is 678, the average for Maine is 701.
• Non-business bankruptcies in Maine have gone from 3,880
   in 2000 to 4,370 in 2004.

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The state regulator for Maine mortgages is William N. Lund

 STATE OF MAINE
 Office of Consumer Credit Regulation
 35 State House Station
 Augusta, Maine 04333-0035

Phone: (207) 624-8527
Fax: (207) 582-7699

Website: http://www.MaineCreditReg.org

 The Office of Consumer Credit Regulation administers the Maine Consumer Credit Code. The Credit Code applies to mortgage lenders and mortgage brokers. Approximately 350 lenders and brokers are either licensed or registered in the State of Maine. Maine’s licensee list is available free over the Internet (www.MaineCreditReg.org under “rosters”) or by mail for approximately $10.00 from Richard Howard, at (207) 624-8527² .

Maine Counties:

Androscoggin County, Aroostook County, Cumberland County, Franklin County, Hancock County, Kennebec County, Knox County, Lincoln County, Oxford County, Penobscot County, Piscataquis County, Sagadahoc County, Somerset County, Waldo County, Washington County, York County

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Source
-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.