Top Mortgage Lenders in Bangor, ME

Which mortgage lender in the Bangor, ME area typically has the best rates? To help you narrow down where to shop for a mortgage, provides an objective and data driven ranking of mortgage lenders operating in the Bangor, ME area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Bangor, ME area in terms of interest rate is Bar Harbor Bank & Trust, with an average “Rate Difference” of -0.18%. This means that, comparing similar borrowers, Bar Harbor Bank & Trust provided a -0.18% lower interest rate for its customers than other lenders in the area. Bar Harbor Bank & Trust has a market share of 3.3%. On the other hand, the most popular lender in the Bangor, ME area is Bangor Savings Bank, with a larger market share of 17.7%. Bangor Savings Bank is also a relatively cheap lender, with a “Rate Difference” of -0.17% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in the Bangor, ME area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Bangor, ME is Bar Harbor Bank & Trust. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Maine Savings Federal Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Bangor Savings Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Bangor, ME

Mortgage Type:
Lender NameRate DifferenceRate RatingMarket Share
Bar Harbor Bank & Trust-0.18%(4.5)3.30%
Bangor Savings Bank-0.17%(4.5)17.69%
CUSO Mortgage Corporation-0.14%(4.0)4.11%
Firstrust Bank-0.06%(4.0)1.04%
CMG Financial-0.04%(3.5)1.96%
Maine Savings Federal Credit Union-0.01%(3.5)9.07%
University Credit Union Maine-0.01%(3.5)2.64%
First National Bank Maine-0.00%(3.5)4.21%
TD Bank0.01%(3.5)1.76%
Navy Federal Credit Union0.02%(3.5)1.31%
Wells Fargo Bank0.02%(3.5)1.11%
LeaderOne Financial Corporation0.02%(3.5)2.71%
Machias Savings Bank0.06%(3.0)6.98%
Mortgage Network, Inc0.06%(3.0)3.17%
Residential Mortgage Services0.07%(3.0)5.91%
Fairway Independent Mortgage Corporation0.07%(3.0)2.25%
Camden National Bank0.07%(3.0)6.53%
Embrace Home Loans0.09%(3.0)2.02%
Quicken Loans0.15%(2.5)11.55%
Guaranteed Rate0.16%(2.5)1.60%
Seaboard Federal Credit Union0.19%(2.5)2.45%
Lender NameRate DifferenceRate RatingMarket Share
Bar Harbor Bank & Trust-0.13%(4.0)2.36%
Bangor Savings Bank-0.13%(4.0)19.07%
Maine Savings Federal Credit Union-0.12%(4.0)9.83%
Firstrust Bank-0.07%(4.0)1.20%
CMG Financial-0.04%(3.5)2.81%
Wells Fargo Bank-0.03%(3.5)1.15%
CUSO Mortgage Corporation-0.02%(3.5)3.06%
TD Bank-0.01%(3.5)1.81%
Camden National Bank0.01%(3.5)6.52%
LeaderOne Financial Corporation0.02%(3.5)4.01%
Navy Federal Credit Union0.02%(3.5)1.56%
University Credit Union Maine0.04%(3.5)2.41%
Mortgage Network, Inc0.07%(3.0)4.32%
Fairway Independent Mortgage Corporation0.07%(3.0)3.41%
Residential Mortgage Services0.08%(3.0)7.83%
First National Bank Maine0.08%(3.0)3.61%
Machias Savings Bank0.09%(3.0)6.07%
Embrace Home Loans0.09%(3.0)2.51%
Guaranteed Rate0.16%(2.5)2.26%
Quicken Loans0.19%(2.5)6.92%
Seaboard Federal Credit Union0.21%(2.5)0.90%
Lender NameRate DifferenceRate RatingMarket Share
Bangor Savings Bank-0.27%(5.0)15.13%
CUSO Mortgage Corporation-0.24%(4.5)6.07%
Bar Harbor Bank & Trust-0.22%(4.5)5.04%
First National Bank Maine-0.10%(4.0)5.32%
University Credit Union Maine-0.07%(4.0)3.08%
Firstrust Bank-0.01%(3.5)0.75%
Navy Federal Credit Union-0.01%(3.5)0.84%
Residential Mortgage Services-0.01%(3.5)2.33%
Mortgage Network, Inc0.00%(3.5)1.03%
Machias Savings Bank0.02%(3.5)8.68%
LeaderOne Financial Corporation0.02%(3.5)0.28%
CMG Financial0.03%(3.5)0.37%
Fairway Independent Mortgage Corporation0.03%(3.5)0.09%
TD Bank0.04%(3.5)1.68%
Embrace Home Loans0.07%(3.0)1.12%
Guaranteed Rate0.09%(3.0)0.37%
Wells Fargo Bank0.12%(3.0)1.03%
Quicken Loans0.14%(3.0)20.17%
Camden National Bank0.19%(2.5)6.54%
Seaboard Federal Credit Union0.19%(2.5)5.32%
Maine Savings Federal Credit Union0.25%(2.5)7.66%
Lender NameRate DifferenceRate RatingMarket Share
Bar Harbor Bank & Trust-0.18%(4.5)4.12%
Bangor Savings Bank-0.17%(4.5)19.74%
CUSO Mortgage Corporation-0.15%(4.0)4.84%
Firstrust Bank-0.05%(4.0)1.35%
Maine Savings Federal Credit Union-0.01%(3.5)11.66%
University Credit Union Maine-0.00%(3.5)3.41%
First National Bank Maine-0.00%(3.5)5.22%
TD Bank0.01%(3.5)2.19%
Wells Fargo Bank0.02%(3.5)1.18%
CMG Financial0.03%(3.5)1.01%
LeaderOne Financial Corporation0.03%(3.5)1.60%
Mortgage Network, Inc0.03%(3.5)2.06%
Machias Savings Bank0.06%(3.0)8.84%
Camden National Bank0.09%(3.0)6.69%
Fairway Independent Mortgage Corporation0.10%(3.0)1.18%
Embrace Home Loans0.10%(3.0)1.39%
Residential Mortgage Services0.11%(3.0)4.38%
Navy Federal Credit Union0.14%(3.0)0.76%
Guaranteed Rate0.19%(2.5)1.01%
Seaboard Federal Credit Union0.19%(2.5)3.16%
Quicken Loans0.23%(2.5)8.84%
Lender NameRate DifferenceRate RatingMarket Share
Bar Harbor Bank & Trust-0.13%(4.0)3.10%
Bangor Savings Bank-0.12%(4.0)21.78%
Maine Savings Federal Credit Union-0.12%(4.0)13.44%
Firstrust Bank-0.07%(4.0)1.65%
Wells Fargo Bank-0.04%(3.5)1.24%
CUSO Mortgage Corporation-0.03%(3.5)3.65%
TD Bank-0.01%(3.5)2.34%
Camden National Bank0.02%(3.5)6.48%
CMG Financial0.02%(3.5)1.52%
LeaderOne Financial Corporation0.03%(3.5)2.48%
Mortgage Network, Inc0.04%(3.5)2.76%
University Credit Union Maine0.04%(3.5)3.31%
First National Bank Maine0.08%(3.0)4.76%
Embrace Home Loans0.09%(3.0)1.79%
Fairway Independent Mortgage Corporation0.09%(3.0)1.86%
Machias Savings Bank0.09%(3.0)8.27%
Residential Mortgage Services0.13%(3.0)5.86%
Navy Federal Credit Union0.16%(2.5)1.03%
Guaranteed Rate0.20%(2.5)1.45%
Seaboard Federal Credit Union0.22%(2.5)1.24%
Quicken Loans0.27%(2.0)5.51%
Lender NameRate DifferenceRate RatingMarket Share
Bangor Savings Bank-0.28%(5.0)16.54%
CUSO Mortgage Corporation-0.25%(4.5)6.70%
Bar Harbor Bank & Trust-0.22%(4.5)5.73%
First National Bank Maine-0.10%(4.0)5.95%
University Credit Union Maine-0.06%(4.0)3.57%
Residential Mortgage Services-0.01%(3.5)2.05%
Firstrust Bank-0.00%(3.5)0.86%
Mortgage Network, Inc0.00%(3.5)0.97%
Machias Savings Bank0.02%(3.5)9.73%
LeaderOne Financial Corporation0.02%(3.5)0.22%
Navy Federal Credit Union0.03%(3.5)0.32%
Fairway Independent Mortgage Corporation0.04%(3.5)0.11%
TD Bank0.04%(3.5)1.95%
CMG Financial0.04%(3.5)0.22%
Guaranteed Rate0.10%(3.0)0.32%
Embrace Home Loans0.11%(3.0)0.76%
Wells Fargo Bank0.13%(3.0)1.08%
Seaboard Federal Credit Union0.19%(2.5)6.16%
Camden National Bank0.20%(2.5)7.03%
Quicken Loans0.21%(2.5)14.05%
Maine Savings Federal Credit Union0.25%(2.0)8.86%
Lender NameRate DifferenceRate RatingMarket Share
Bangor Savings Bank-0.15%(4.5)9.47%
CMG Financial-0.13%(4.0)5.83%
Camden National Bank-0.03%(3.5)5.83%
Residential Mortgage Services-0.00%(3.5)14.32%
LeaderOne Financial Corporation0.00%(3.5)8.25%
CUSO Mortgage Corporation0.01%(3.5)1.21%
Quicken Loans0.02%(3.5)24.51%
Fairway Independent Mortgage Corporation0.05%(3.5)7.52%
Embrace Home Loans0.07%(3.0)4.37%
Mortgage Network, Inc0.09%(3.0)10.19%
Guaranteed Rate0.13%(3.0)4.13%
Lender NameRate DifferenceRate RatingMarket Share
Bangor Savings Bank-0.18%(4.5)10.29%
CMG Financial-0.14%(4.0)6.86%
Camden National Bank-0.04%(3.5)6.86%
Residential Mortgage Services-0.01%(3.5)16.00%
LeaderOne Financial Corporation-0.00%(3.5)9.71%
CUSO Mortgage Corporation0.00%(3.5)0.86%
Fairway Independent Mortgage Corporation0.05%(3.5)8.86%
Quicken Loans0.07%(3.0)14.57%
Embrace Home Loans0.07%(3.0)4.86%
Mortgage Network, Inc0.09%(3.0)11.71%
Guaranteed Rate0.13%(3.0)4.57%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.01%(3.5)80.65%
Embrace Home Loans0.03%(3.5)1.61%
Mortgage Network, Inc0.03%(3.5)1.61%
CUSO Mortgage Corporation0.04%(3.5)3.23%
Residential Mortgage Services0.05%(3.0)4.84%
Guaranteed Rate0.07%(3.0)1.61%
Bangor Savings Bank0.09%(3.0)4.84%
Lender NameRate DifferenceRate RatingMarket Share
Maine Savings Federal Credit Union-0.01%(3.5)4.55%
Bar Harbor Bank & Trust-0.01%(3.5)13.64%
Bangor Savings Bank-0.01%(3.5)4.55%
Machias Savings Bank-0.00%(3.5)18.18%
Residential Mortgage Services-0.00%(3.5)4.55%
Camden National Bank0.00%(3.5)27.27%
Wells Fargo Bank0.00%(3.5)13.64%
First National Bank Maine0.02%(3.5)9.09%
Lender NameRate DifferenceRate RatingMarket Share
Maine Savings Federal Credit Union-0.01%(3.5)7.14%
Bar Harbor Bank & Trust-0.01%(3.5)14.29%
Machias Savings Bank-0.00%(3.5)7.14%
Camden National Bank-0.00%(3.5)28.57%
Residential Mortgage Services-0.00%(3.5)7.14%
Wells Fargo Bank0.00%(3.5)14.29%
First National Bank Maine0.02%(3.5)14.29%
Lender NameRate DifferenceRate RatingMarket Share
Bar Harbor Bank & Trust-0.01%(3.5)12.50%
Bangor Savings Bank-0.01%(3.5)12.50%
Machias Savings Bank-0.00%(3.5)37.50%
Wells Fargo Bank0.00%(3.5)12.50%
Camden National Bank0.01%(3.5)25.00%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.09%(4.0)8.66%
Bangor Savings Bank-0.08%(4.0)12.99%
Wells Fargo Bank0.00%(3.5)1.18%
First National Bank Maine0.00%(3.5)1.18%
TD Bank0.01%(3.5)0.79%
CMG Financial0.01%(3.5)4.72%
LeaderOne Financial Corporation0.02%(3.5)4.33%
CUSO Mortgage Corporation0.02%(3.5)2.36%
Residential Mortgage Services0.03%(3.5)6.69%
Camden National Bank0.03%(3.5)4.33%
Mortgage Network, Inc0.03%(3.5)2.36%
Fairway Independent Mortgage Corporation0.03%(3.5)3.94%
Embrace Home Loans0.07%(3.0)4.33%
Quicken Loans0.09%(3.0)16.93%
Guaranteed Rate0.10%(3.0)3.15%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.09%(4.0)8.99%
Bangor Savings Bank-0.08%(4.0)15.73%
First National Bank Maine0.02%(3.5)0.56%
Wells Fargo Bank0.02%(3.5)1.69%
TD Bank0.03%(3.5)1.12%
CMG Financial0.03%(3.5)5.62%
LeaderOne Financial Corporation0.04%(3.5)5.62%
Quicken Loans0.04%(3.5)3.93%
CUSO Mortgage Corporation0.04%(3.5)2.81%
Residential Mortgage Services0.05%(3.0)7.87%
Camden National Bank0.06%(3.0)4.49%
Fairway Independent Mortgage Corporation0.06%(3.0)5.62%
Mortgage Network, Inc0.06%(3.0)2.81%
Guaranteed Rate0.12%(3.0)4.49%
Embrace Home Loans0.13%(3.0)3.93%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.10%(4.0)7.89%
CMG Financial-0.06%(4.0)2.63%
First National Bank Maine-0.05%(4.0)2.63%
CUSO Mortgage Corporation-0.05%(3.5)1.32%
Camden National Bank-0.04%(3.5)3.95%
Residential Mortgage Services-0.04%(3.5)3.95%
LeaderOne Financial Corporation-0.04%(3.5)1.32%
Embrace Home Loans-0.04%(3.5)5.26%
Mortgage Network, Inc-0.04%(3.5)1.32%
Bangor Savings Bank-0.04%(3.5)6.58%
Quicken Loans0.05%(3.5)47.37%

* Data is compiled for the Bangor, ME commuting zone area, which comprises of counties of Hancock County, ME, Penobscot County, ME, Piscataquis County, ME, and Washington County, ME. This includes cities/towns/communities of Bangor, ME as well as Hampden, ME, Ellsworth, ME, Brewer, ME, Old Town, ME, Bucksport, ME, Blue Hill, ME, Bar Harbor, ME, Orono, ME, Dover-Foxcroft, ME, Milford, ME, Lincoln, ME, Winter Harbor, ME, Greenville, ME, Castine, ME, Dexter, ME, Newport, ME, Milo, ME, Southwest Harbor, ME, Calais, ME, Guilford, ME, Millinocket, ME, Machias, ME, Lubec, ME, Woodland, ME, Eastport, ME, Howland, ME, and East Millinocket, ME. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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