Mortgage Interest Rates

Rates Updated: 2/4/2020

Loan Type

Points

Rate

APR*

Payment/$1000

Owner Occupied Fixed Rate Mortgages (1 - 4 units)

Conventional Homes (1 - 4 Family)

15 Year

0

3.000%

3.13%

$6.91

30 Year

0

3.500%

3.57%

$4.49

Seasonal Homes/Camps

15 Year

0

3.875%

4.01%

$7.33

30 Year

0

4.375%

4.45%

$4.99

Double-wide Mobile Homes

15 Year

0

4.500%

4.63%

$7.53

30 year

0

5.000%

5.08%

$5.22

Residential Construction - One closing provides construction funds plus permanent financing all in one.

30 Year Fixed Rate

$1,000^

4.625%

4.79%

$5.14

*APR=Annual Percentage Rate.
^Construction fee is 1% of the loan amount or $1,000, whichever is less. 

Product

Points

Rate

APR*

Payment/$1000

First Time Homebuyer & Low Down Payment Mortgages

Maine State Housing - 30 Years

0

3.250%

3.84%

$4.35

Rural Housing 502 Program - 30 Years

0

3.750%

3.91%

$4.64

VA Program - 30 Years

0

3.875%

4.13%

$4.71

*APR=Annual Percentage Rate. Down payment and closing cost assistance, self-insured mobile home, and purchase plus improvement programs also available. 

Loan Type

Points

Rate

APR*

Payment/$1000

Non-Owner Occupied Mortgages

1-4 Family Investment

3/3 ARM - 30 Years

0

4.375%

4.45%

$4.99

5/1 ARM - 30 Years

0

4.50%

4.58%

$5.07

Land

Fixed Rate - 15 Years

1%

4.625%

4.91%

$7.71

*APR=Annual Percentage Rate.

Loan Type

 

Rate

APR*

Payment/$1000

Home Equity Mortgages

Home Equity Line of Credit

12 Month Introductory Promotional Rate

2.990%**

2.99%

Pay interest only on

outstanding balance

                                After Introductory Period

Prime Rate**
Fixed Rate Home Equity Loan *^

5 Years

3.875%**

3.88%

$18.36

10 Years

4.375%**

4.38%

$10.30

*APR=Annual Percentage Rate.
**Annual Percentage Rate (APR) is discounted to 2.99% for the first 12 months. After the first 12 months, the rate will vary and be equal to the Prime Rate published in the Wall Street Journal, currently 5.250%. Minimum APR is 4%. Maximum APR is 18%.
*^Property insurance is required. Loan to value ratio cannot exceed 85%. Offer is limited to new home equity lines on 1 – 4 family owner occupied properties. Other programs available. Ask a Loan Officer for complete details and disclosures.

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