The Best Mortgage Lenders in Howland, ME
Compare verified mortgage lenders serving Howland, Maine. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Howland
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly rated for its competitive rates, personalized service, and efficient loan processing. With a strong local presence in Bangor, they serve Howland and surrounding areas, offering a wide range of loan options and a commitment to customer satisfaction, backed by numerous positive reviews for their knowledgeable staff and smooth closing experiences.
Loan Types:
Movement Mortgage, LLC
Movement Mortgage, LLC
Movement Mortgage is known for its streamlined digital mortgage process and strong community focus. They provide excellent customer service with competitive rates and various loan programs, serving Howland and statewide. Their reputation is built on transparency, quick approvals, and active involvement in local events, making them a trusted choice for homebuyers.
Loan Types:
New American Funding
New American Funding
New American Funding offers a diverse portfolio of mortgage products with a focus on underserved communities and first-time homebuyers. They have a solid reputation for competitive rates, flexible terms, and exceptional customer support, serving Howland from their Portland office. Their high ratings reflect reliability and a commitment to making homeownership accessible.
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Frequently Asked Questions
Common questions about mortgage lending in Howland, ME
What are the current mortgage rates like in Howland, ME compared to the rest of the state?
Mortgage rates in Howland are generally in line with statewide Maine averages, but local lenders may offer competitive rates due to the rural nature of Penobscot County. It's wise to compare offers from regional banks and credit unions like Bangor Savings Bank, which have a strong local presence. Rates can be slightly higher than national averages due to lower population density and smaller loan volumes.
Are there any first-time homebuyer programs specific to Howland that I should know about?
Yes, Howland homebuyers can access MaineHousing's First Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the Penobscot County HOME Program provides down payment and closing cost assistance to eligible buyers in Howland. These programs are particularly valuable given the area's moderate income levels.
How does Howland's rural location affect the mortgage approval process?
Howland's rural classification can impact appraisals, as comparable properties may be limited and appraisers might need to travel further. Some lenders may have stricter requirements for older homes common in Howland. However, USDA loans are an excellent option here since most of Howland qualifies for USDA rural development loans requiring no down payment.
What unique property types should I be aware of when getting a mortgage in Howland?
Howland has many older homes, waterfront properties along the Penobscot River, and some manufactured homes. Older homes may require additional inspections and could affect loan eligibility, while waterfront properties might need specialized appraisals. FHA and VA loans have specific requirements for manufactured homes that buyers should understand before proceeding.
Are there local lenders in Howland who understand the specific market conditions?
While Howland itself has limited banking options, nearby communities feature several local lenders familiar with the market. Katahdin Trust Company, Machias Savings Bank, and Bangor Savings Bank have extensive experience with Howland's housing market and understand local property values, seasonal employment patterns, and the mix of riverfront and rural properties.
Nearby Cities
Explore mortgage lenders in cities near Howland, ME
Why Choose a Mortgage Lender in Howland?
Local Market Knowledge
Lenders who understand Howland'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 Howland and get competitive rates on your home loan.