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Maine Mortgages
From first home to lakeside camp, we work to get you there quickly.
Maine State Credit Union’s mortgage lenders can make your dream home a reality. Whether you’re a first-time homebuyer or ready for a vacation getaway, we’ll guide you through the entire mortgage process with expert advice. Contact our team to get started today.
Meet our Mortgage Products
Residential Home Loans
Dreaming of a new home? We can make it happen. Whether a first-time homebuyer or seasoned homeowner, you can count on our expert lenders to guide you with competitive rates, personalized service, and a smooth path to your next home.
Manufactured Home Loans
We’ve got a loan option made just for you. With flexible terms and personalized guidance, we can get you the keys to a new manufactured home sooner than you think.
Vacation Home Loans
Invest in your peace. Our vacation loans can help you escape to a lakeside camp or a mountain retreat with competitive rates and expert guidance from our lenders. Your retreat, your investment made easy.
Investment Home Loans
We offer investment home loans tailored for savvy investors. With our competitive rates, flexible terms, and expert guidance, we can help you grow your portfolio, whether it consists of single-family rentals or multi-unit properties.
Land Loans
Own your own slice of land with a streamlined land loan from Maine State Credit Union. With affordable financing options and expert support for acreage to plots, we make land ownership achievable.
Construction Loans
Building your dream starts here. We offer construction loans tailored to your project. Flexible draws, expert guidance, and financing that adapts as you build. From blueprints to completion, we’re your construction loan partner.
Down Payment Assistance Program
First-time homebuyer? We’ve got your back. We can offer down payment assistance and the guidance to help make home ownership achievable. Let us help you unlock your future.
Home Equity Line of Credit
Get easy access to your home’s value and simplify major expenses with convenient terms. HELOCs offer flexible funds with competitive rates. Turn your home’s value into opportunity today.
Purchase Plus Improvement Loans
A Purchase Plus Improvement loan finances property purchase plus needed repairs with one loan, one process. Turn that fixer-upper into your dream home with our expert guidance and flexible funding.
Own your dream. Apply today.
Whatever type of mortgage you need, we can make it happen with our Maine mortgage experts guiding you. Start your journey with us now.
Conventional Fixed 30-Year
as Low as
APR*
Rate: 0 Points
Conventional Fixed 20-Year
as Low as
APR*
Rate: 0 Points
Conventional Fixed 15-Year
as Low as
APR*
Rate: 0 Points
Conventional Fixed 10-Year
as Low as
APR*
Rate: 0 Points
*APR=Annual Percentage Rate, and includes closing costs and fees.
Advertised rates assume the purpose of the loan is to purchase a property with a conventional, fixed-rate loan. Loan amount of $250,000; loan-to-value ratio of 80%; and credit score of 680+. The property is an existing 1-4 family property and will be used as a primary residence.
Advertised rates are based on certain assumptions and loan scenarios, and the rate you may receive will depend on your individual circumstances, including credit history, loan amount, down payment, occupancy of property, and underwriting criteria. Other rates and points may be available. Property insurance and flood insurance (if applicable) are required. All Credit Union loan programs, rates, terms, and conditions are subject to change at any time without notice. All loans are subject to membership eligibility, and credit and underwriting approval.
MEET OUR MORTGAGE TEAM
Estimate Your Monthly Payment
Principal & Interest
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Mortgage Insurance
This calculator is for estimation only. Actual values may differ*
Mortgage Timeline
01 Application
- You collect paystubs / W-2’s
- Your loan officer reaches out to discuss loan programs that are the best fit for you
- You check out our mortgage timeline and resources on website to understand the loan process
02 Loan Request Review
- Our team reviews your credit and current income
- We generate documents for your pre-approval or purchase
- You monitor emails or calls from your loan officer with important notifications
03 Collect Initial Documents
- We collect all documents including purchase & sales agreement, bank statements, initial disclosures, etc.
- You have all documents ready to send in once property is under contract to ensure a smooth process
04 Appraisal & Title Work Order
- We place the orders for title work and the appraisal once all documents have been reviewed by our team
- The appraisals and title work typically take 2-3 weeks to complete
- Your loan officer stays in touch with progress updates
05 Final Review & Pre-Closing
- You obtain a homeowners insurance policy for the home and provide to your loan officer
- We review the completed title work and appraisal
- You receive a closing disclosure seven days in advance of loan closing date
06 Closing
- Your closing takes place in person either at one of our branches or the title company’s office
- You bring funds to close in the form of a bank check or have them wired to the closing agent
- You also bring a non-expired government-issued photo ID with your closing funds
- Congratulations! You get the keys to your new home.
Have additional questions about the process? We’re here to help! Just give us a call or stop by your local branch.
Your Mortgage Checklist
To save time during the mortgage application process, gather the following documents as soon as you can for your mortgage loan officer:
- Recent copies of your W2 along with the last two years of W2s or federal income tax filings if self-employed
- Last 30 days of pay stubs
- Current investment statements
- Current bank statements
- A valid government-issued photo ID
- A copy of the purchase and sales agreement
Video Tips
These short videos make figuring out mortgages with less confusion so you fully understand what’s going on during the process.
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