The Best Mortgage Lenders in Orland, ME
Compare verified mortgage lenders serving Orland, Maine. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Orland
Featured Mortgage Lenders
Camden National Bank Mortgage Team
Camden National Bank
As one of Maine's most established community banks with over 145 years of service, Camden National Bank maintains a strong presence throughout Hancock County and serves Orland residents with exceptional local expertise. They consistently receive top ratings for their personalized mortgage services, competitive rates, and deep understanding of Maine's unique rural and coastal property markets. Their mortgage specialists provide comprehensive guidance through the entire home financing process with local decision-making and long-term relationship building.
Loan Types:
Bangor Savings Bank Mortgage Division
Bangor Savings Bank
With deep roots in Eastern Maine since 1852, Bangor Savings Bank is exceptionally well-positioned to serve Orland homebuyers through their extensive branch network and dedicated mortgage team. They are particularly recognized for their first-time homebuyer programs and expertise with rural properties common in the Orland area. The bank maintains outstanding customer satisfaction ratings for their responsive service, local underwriting, and community-focused approach to mortgage lending throughout Hancock and Penobscot counties.
Loan Types:
First National Bank Mortgage Center
First National Bank
First National Bank has been serving Mid-Coast and Eastern Maine communities for over 150 years, making them particularly knowledgeable about the Orland real estate market. They are highly rated for their expertise with rural properties, land purchases, and construction loans that are common in the Orland area. Their mortgage team provides personalized service with local decision-making authority and offers specialized programs for waterfront properties and rural development loans, backed by their longstanding commitment to Maine communities.
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Frequently Asked Questions
Common questions about mortgage lending in Orland, ME
What are the current mortgage rates like for homes in Orland, ME?
Mortgage rates in Orland are generally competitive with state and national averages, but can be slightly influenced by the rural nature of the area and property types. It's wise to compare rates from local Maine lenders who are familiar with the Penobscot County market, as they may offer more tailored terms than large national banks. Rates for properties with significant acreage or unique characteristics may vary.
Are there any first-time homebuyer programs in Maine that are accessible in Orland?
Yes, the MaineHousing First Home Loan Program is available to eligible buyers in Orland, offering competitive interest rates, down payment assistance, and closing cost help. This program is particularly beneficial given Orland's more moderate price points compared to coastal markets. You'll need to work with a MaineHousing-approved lender to access these benefits.
How does buying a home with land or acreage in Orland affect the mortgage process?
Purchasing properties with significant acreage in Orland is common and can affect your loan options. While standard conforming loans may cover homes with up to 10 acres, properties with more land may require a rural housing loan or a jumbo loan. Lenders will typically appraise the property based on both the home value and the productive value of the land.
What should I know about property taxes when getting a mortgage in Orland?
Orland has a property tax rate that's typical for rural Maine communities, currently around $14.50 per $1,000 of assessed value. Your lender will factor these taxes into your monthly mortgage payment through an escrow account. It's important to note that properties with waterfront on the Penobscot River or extensive land may have higher assessments.
Are USDA loans available for homebuyers in Orland, ME?
Yes, Orland qualifies for USDA Rural Development loans, which offer 100% financing with no down payment required. This can be particularly advantageous for buyers in this rural community where incomes may be moderate. The program has income limits and property requirements that most Orland homes and buyers can meet.
Nearby Cities
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Why Choose a Mortgage Lender in Orland?
Local Market Knowledge
Lenders who understand Orland'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 Orland and get competitive rates on your home loan.