The Best Mortgage Lenders in Easton, ME
Compare verified mortgage lenders serving Easton, Maine. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Easton
Featured Mortgage Lenders
Machias Savings Bank Mortgage Department
Machias Savings Bank
Machias Savings Bank is a highly-rated community bank with deep roots in rural Maine communities including Washington County where Easton is located. They specialize in serving the unique needs of rural homebuyers with expertise in USDA loans that are particularly relevant for Easton properties. Their local loan officers understand the regional real estate market and offer personalized service with competitive rates. The bank has consistently high customer satisfaction ratings for their mortgage process and local decision-making capabilities.
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Bangor Savings Bank Mortgage Center
Bangor Savings Bank
As one of Maine's largest community banks, Bangor Savings Bank has extensive experience serving the entire state including Aroostook County where Easton is located. They offer a comprehensive range of mortgage products with particular strength in rural housing loans and first-time homebuyer programs. Their mortgage team includes local experts familiar with Northern Maine real estate, and they maintain strong relationships with local real estate professionals throughout the region. Customers consistently praise their responsive service and competitive rates.
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Pine Tree Mortgage Services
Pine Tree Mortgage Services, Inc.
Pine Tree Mortgage Services is a highly specialized mortgage brokerage serving all of Maine with particular expertise in rural properties and Northern Maine communities like Easton. As a broker, they work with multiple lenders to find the best rates and terms for each borrower's specific situation. They have exceptional knowledge of USDA rural development loans which are ideal for Easton homebuyers. Their team receives outstanding reviews for their personalized approach, deep understanding of local market conditions, and ability to navigate complex rural property transactions efficiently.
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Frequently Asked Questions
Common questions about mortgage lending in Easton, ME
What are the current average mortgage rates for homebuyers in Easton, ME?
Mortgage rates in Easton typically align with national averages but can be slightly influenced by local market conditions. Currently, 30-year fixed rates in Aroostook County generally range from 6.5% to 7.25%, though rates vary by lender, credit score, and loan type. Working with a local lender familiar with Easton's rural market can help secure competitive rates.
Are there any special mortgage programs for first-time homebuyers in Easton?
Yes, MaineHousing offers several first-time homebuyer programs that are accessible in Easton, including the First Home Loan Program with competitive interest rates and down payment assistance. Additionally, the Rural Development USDA loan program is particularly relevant for Easton's rural properties, offering 100% financing with no down payment requirement for eligible borrowers.
How does Easton's rural location affect the mortgage process?
Easton's rural classification can impact appraisals, as comparable properties may be limited and appraisers might need to travel further distances, potentially extending the loan timeline. Some lenders may have specific requirements for rural properties, particularly regarding well and septic systems. USDA loans are especially well-suited for Easton's rural properties and offer favorable terms.
What should I know about property taxes when getting a mortgage in Easton?
Easton has a property tax rate of approximately $22.70 per $1,000 of assessed value, which is relatively moderate for Aroostook County. Lenders will factor these taxes into your debt-to-income ratio calculations and include them in your monthly escrow payments. It's important to budget for both the mortgage payment and these ongoing tax obligations.
Are there any local down payment assistance programs specific to Easton homebuyers?
While there aren't programs exclusive to Easton, MaineHousing's Advantage Program provides down payment assistance statewide, offering up to $3,500 in grant funds for qualified first-time homebuyers. Additionally, the Federal Home Loan Bank of Boston's Equity Builder Program provides matching funds up to $22,000 for income-eligible buyers in Aroostook County, including Easton residents.
Why Choose a Mortgage Lender in Easton?
Local Market Knowledge
Lenders who understand Easton's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Maine.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Easton and get competitive rates on your home loan.