The Best Mortgage Lenders in Lisbon, ME
Compare verified mortgage lenders serving Lisbon, Maine. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lisbon
Featured Mortgage Lenders
Justin Gervais
Mortgage Network
Mortgage Network is one of New England's top-rated independent mortgage lenders with a strong local presence in the Lewiston-Auburn area serving Lisbon. Justin Gervais leads the local office with over two decades of experience and maintains exceptional 4.9-star ratings across multiple review platforms. The company is known for personalized service, competitive rates, and expertise with various loan programs including first-time homebuyer assistance and government-backed loans. Their local office location just minutes from Lisbon provides convenient in-person service while offering the resources of a regional mortgage leader.
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Androscoggin Bank Mortgage Center
Androscoggin Bank
As a community bank deeply rooted in Central Maine for over 150 years, Androscoggin Bank has extensive experience serving Lisbon and surrounding communities. Their mortgage department maintains excellent 4.7-star ratings for responsive local service and competitive loan products. The bank offers the advantage of local decision-making with portfolio lending options not available through larger institutions. With multiple branches throughout the region, they provide exceptional convenience for Lisbon residents seeking both purchase and refinance mortgages with personalized attention from local loan officers who understand the area's housing market.
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Tim Tiner
Academy Mortgage
Academy Mortgage operates throughout Maine with Tim Tiner leading their Portland office that actively serves Lisbon and Central Maine communities. With nearly perfect 4.8-star ratings, the company is praised for efficient processing, competitive rates, and exceptional customer service. Academy Mortgage offers a comprehensive range of loan programs including specialized options like renovation loans and USDA rural development loans that are particularly relevant for Lisbon area properties. Their local expertise combined with national lending capabilities provides Lisbon homebuyers with optimal mortgage solutions and streamlined closing processes.
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Frequently Asked Questions
Common questions about mortgage lending in Lisbon, ME
What are the current mortgage rates like for homes in Lisbon, Maine?
Mortgage rates in Lisbon typically align with national averages but can be influenced by local market conditions. As of late 2023, rates for 30-year fixed mortgages in the area generally range from 6.5% to 7.5%, though this varies by lender and borrower qualifications. Lisbon's rural character and smaller market size mean it's especially important to compare rates from both local Maine lenders and national institutions.
Are there any first-time homebuyer programs specifically available in Lisbon?
Yes, first-time homebuyers in Lisbon can access MaineHousing's First Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the town's participation in Androscoggin County programs may provide additional resources for qualifying buyers. These programs are particularly valuable in Lisbon's market where starter homes are often more affordable than in larger Maine cities.
How does Lisbon's property tax rate affect my mortgage payments?
Lisbon's current property tax rate of approximately $20.70 per $1,000 of assessed value means property taxes will significantly impact your monthly mortgage payment if escrowed. For a $250,000 home, expect to pay around $5,175 annually in property taxes, adding approximately $430 to your monthly mortgage payment. This rate is moderately higher than some surrounding communities but lower than many other Maine municipalities.
What special considerations should I know about getting a mortgage for older homes in Lisbon?
Many homes in Lisbon's historic districts and older neighborhoods were built before 1950, which may require additional inspections and potentially affect loan eligibility. FHA 203(k) renovation loans can be particularly useful for these properties, allowing you to finance both purchase and repairs. Local lenders familiar with Lisbon's housing stock are often best equipped to handle these unique mortgage scenarios.
How competitive is the mortgage lending environment in Lisbon's housing market?
Lisbon's housing market has remained relatively competitive despite higher interest rates, with moderate inventory creating steady demand. Local credit unions like Infinity Credit Union and Androscoggin Bank often offer competitive terms and understand the local market dynamics. Pre-approval from a lender familiar with Lisbon is crucial for making competitive offers in this balanced but active market.
Why Choose a Mortgage Lender in Lisbon?
Local Market Knowledge
Lenders who understand Lisbon'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 Lisbon and get competitive rates on your home loan.