Maine Home Loans
We understand that buying a home is a big decision. That’s why we offer different types of home loans to fit your unique needs and budget. Whether you’re a first-time homebuyer, looking to refinance, or need a specialized loan services, our experienced team is here to guide you through the entire process.
Why Choose Society Mortgages?
Competitive rates
We provide some of the most competitive mortgage rates in Maine, helping you save money over the life of your loan. Our team works diligently to secure the best financing options for both buying of refinancing.Â
A smooth loan process
Our approval process makes it easier to secure mortgages in Maine. Once you meet the requirements, we’ll work to ensure a smooth closing process, so you can focus on moving into your new home.
Excellent customer service
Navigating the Maine housing market requires local expertise. From understanding property taxes and insurance to down payment assistance programs and closing costs, our experienced loan officers provide the guidance you need to make informed decisions.
Apply For One of The Home Loans in Maine
Frequently Asked Questions
What credit score do you need to buy a house in Maine?
While specific requirements can vary by lender and loan program, a minimum credit score of 620 is often required for many first-time homebuyers to apply.Â
What is the minimum down payment for a house in Maine?
The minimum down payment depends on the loan program. Conventional loans are as low as 3%, FHA loans 3.5%, while USDA and VA loans often offer no down payment options.
What’s the current interest rate in Maine?
Current mortgage interest rates in Maine are similar to national averages, with 30-year fixed rates around 7.09% and 15-year fixed rate around 6.31%. However, rates can vary, so it’s best to consult with local home lending experts for the most accurate information.
What is the easiest home loan to get approved for?
FHA loans are generally considered easier to qualify for due to their more lenient credit score and down payment requirements. USDA loans are also accessible for eligible rural and suburban homebuyers, offering no down payment options.
Let's Get Started
Contact Society Mortgage to schedule a free consultation with one of our experienced mortgage professionals. Talk to a mortgage loan officer today and we’ll start working with you every step of the way to find the right loan solution for your needs. Get informed about the exact purchase price, interest rate, monthly payment, primary residence, first-time homebuyer programs, and many more.Â
We are here to help you make informed decisions and help you achieve your dream home with confidence!