Top Mortgage Lenders in the Bangor, ME area

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

Based on our data, the cheapest overall lender in the Bangor, ME area is Bar Harbor Bank & Trust, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.18%. This means that Bar Harbor Bank & Trust provided a -0.18% lower interest rate for its customers than other lenders in Bangor, ME for a similar set of borrowers. Bar Harbor Bank & Trust has a market share of 3.3%. On the other hand, the most popular lender in the market is Bangor Savings Bank, with a market share of 17.7%. Bangor Savings Bank is also a relatively cheap lender, with a “Rate Difference” of -0.17% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for 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, 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 (for example, above $510,400 in 2020), 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. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bar Harbor Bank & Trust 1, -0.18% 3.29%
Bangor Savings Bank 2, -0.17% 17.67%
CUSO Mortgage Corporation 3, -0.14% 4.11%
Firstrust Bank 4, -0.06% 1.04%
CMG Mortgage Inc 5, -0.04% 1.96%
Usaa Federal Savings Bank 6, -0.04% 1.89%
Maine Savings Federal Credit Union 7, -0.01% 9.06%
University Credit Union 8, -0.01% 2.64%
The First 9, -0.00% 4.20%
KeyBank National Association 10, -0.00% 2.80%
TD Bank 11, 0.01% 1.76%
Navy Federal Credit Union 12, 0.02% 1.34%
Wells Fargo Bank 13, 0.02% 1.11%
LeaderOne Financial Corp 14, 0.02% 2.71%
LoanDepot 15, 0.02% 1.92%
Machias Savings Bank 16, 0.06% 6.98%
Mortgage Network, Inc 17, 0.06% 3.16%
Residential Mortgage Services 18, 0.07% 5.90%
The Camden National Bank 19, 0.07% 6.52%
Fairway Independent Mort Corp 20, 0.07% 2.25%
Embrace Home Loans, Inc 21, 0.09% 2.02%
Quicken Loans 22, 0.15% 11.64%
Guaranteed Rate Inc 23, 0.16% 1.60%
Seaboard Federal Credit Union 24, 0.19% 2.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bar Harbor Bank & Trust 1, -0.13% 2.36%
Bangor Savings Bank 2, -0.13% 19.07%
Maine Savings Federal Credit Union 3, -0.12% 9.83%
Firstrust Bank 4, -0.07% 1.20%
CMG Mortgage Inc 5, -0.04% 2.81%
Usaa Federal Savings Bank 6, -0.04% 2.71%
Wells Fargo Bank 7, -0.03% 1.15%
CUSO Mortgage Corporation 8, -0.02% 3.06%
TD Bank 9, -0.01% 1.81%
LoanDepot 10, -0.00% 1.46%
The Camden National Bank 11, 0.01% 6.52%
KeyBank National Association 12, 0.01% 2.21%
LeaderOne Financial Corp 13, 0.02% 4.01%
Navy Federal Credit Union 14, 0.02% 1.56%
University Credit Union 15, 0.04% 2.41%
Mortgage Network, Inc 16, 0.07% 4.32%
Fairway Independent Mort Corp 17, 0.07% 3.41%
Residential Mortgage Services 18, 0.08% 7.83%
The First 19, 0.08% 3.61%
Machias Savings Bank 20, 0.09% 6.07%
Embrace Home Loans, Inc 21, 0.09% 2.51%
Guaranteed Rate Inc 22, 0.16% 2.26%
Quicken Loans 23, 0.19% 6.92%
Seaboard Federal Credit Union 24, 0.21% 0.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bangor Savings Bank 1, -0.27% 15.07%
CUSO Mortgage Corporation 2, -0.24% 6.05%
Bar Harbor Bank & Trust 3, -0.22% 5.02%
The First 4, -0.10% 5.30%
University Credit Union 5, -0.07% 3.07%
KeyBank National Association 6, -0.01% 3.91%
Firstrust Bank 7, -0.01% 0.74%
Navy Federal Credit Union 8, -0.01% 0.93%
Residential Mortgage Services 9, -0.01% 2.33%
Mortgage Network, Inc 10, 0.00% 1.02%
Machias Savings Bank 11, 0.02% 8.65%
LeaderOne Financial Corp 12, 0.02% 0.28%
Usaa Federal Savings Bank 13, 0.02% 0.37%
CMG Mortgage Inc 14, 0.03% 0.37%
Fairway Independent Mort Corp 15, 0.04% 0.09%
TD Bank 16, 0.04% 1.67%
LoanDepot 17, 0.05% 2.79%
Embrace Home Loans, Inc 18, 0.08% 1.12%
Guaranteed Rate Inc 19, 0.08% 0.37%
Wells Fargo Bank 20, 0.12% 1.02%
Quicken Loans 21, 0.14% 20.37%
The Camden National Bank 22, 0.18% 6.51%
Seaboard Federal Credit Union 23, 0.19% 5.30%
Maine Savings Federal Credit Union 24, 0.25% 7.63%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bar Harbor Bank & Trust 1, -0.18% 4.12%
Bangor Savings Bank 2, -0.17% 19.71%
CUSO Mortgage Corporation 3, -0.15% 4.83%
Firstrust Bank 4, -0.05% 1.35%
Maine Savings Federal Credit Union 5, -0.01% 11.64%
University Credit Union 6, -0.00% 3.40%
The First 7, -0.00% 5.21%
KeyBank National Association 8, 0.00% 3.32%
TD Bank 9, 0.01% 2.19%
Wells Fargo Bank 10, 0.02% 1.18%
CMG Mortgage Inc 11, 0.03% 1.01%
Usaa Federal Savings Bank 12, 0.03% 0.92%
LeaderOne Financial Corp 13, 0.03% 1.60%
Mortgage Network, Inc 14, 0.03% 2.06%
LoanDepot 15, 0.04% 1.13%
Machias Savings Bank 16, 0.06% 8.83%
The Camden National Bank 17, 0.09% 6.68%
Fairway Independent Mort Corp 18, 0.10% 1.18%
Embrace Home Loans, Inc 19, 0.10% 1.39%
Residential Mortgage Services 20, 0.11% 4.37%
Navy Federal Credit Union 21, 0.14% 0.76%
Guaranteed Rate Inc 22, 0.19% 1.01%
Seaboard Federal Credit Union 23, 0.19% 3.15%
Quicken Loans 24, 0.23% 8.95%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bar Harbor Bank & Trust 1, -0.13% 3.10%
Bangor Savings Bank 2, -0.12% 21.78%
Maine Savings Federal Credit Union 3, -0.12% 13.44%
Firstrust Bank 4, -0.07% 1.65%
Wells Fargo Bank 5, -0.04% 1.24%
CUSO Mortgage Corporation 6, -0.03% 3.65%
TD Bank 7, -0.01% 2.34%
KeyBank National Association 8, 0.02% 2.55%
The Camden National Bank 9, 0.02% 6.48%
CMG Mortgage Inc 10, 0.02% 1.52%
LoanDepot 11, 0.02% 0.62%
LeaderOne Financial Corp 12, 0.03% 2.48%
Usaa Federal Savings Bank 13, 0.03% 1.31%
Mortgage Network, Inc 14, 0.04% 2.76%
University Credit Union 15, 0.04% 3.31%
The First 16, 0.08% 4.76%
Embrace Home Loans, Inc 17, 0.09% 1.79%
Fairway Independent Mort Corp 18, 0.09% 1.86%
Machias Savings Bank 19, 0.09% 8.27%
Residential Mortgage Services 20, 0.13% 5.86%
Navy Federal Credit Union 21, 0.16% 1.03%
Guaranteed Rate Inc 22, 0.20% 1.45%
Seaboard Federal Credit Union 23, 0.22% 1.24%
Quicken Loans 24, 0.27% 5.51%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bangor Savings Bank 1, -0.28% 16.49%
CUSO Mortgage Corporation 2, -0.25% 6.68%
Bar Harbor Bank & Trust 3, -0.22% 5.71%
The First 4, -0.10% 5.93%
University Credit Union 5, -0.06% 3.56%
Residential Mortgage Services 6, -0.01% 2.05%
KeyBank National Association 7, -0.01% 4.53%
Firstrust Bank 8, -0.00% 0.86%
Mortgage Network, Inc 9, 0.00% 0.97%
Machias Savings Bank 10, 0.02% 9.70%
LeaderOne Financial Corp 11, 0.02% 0.22%
Usaa Federal Savings Bank 12, 0.03% 0.32%
Navy Federal Credit Union 13, 0.03% 0.32%
Fairway Independent Mort Corp 14, 0.04% 0.11%
TD Bank 15, 0.04% 1.94%
CMG Mortgage Inc 16, 0.04% 0.22%
LoanDepot 17, 0.05% 1.94%
Guaranteed Rate Inc 18, 0.10% 0.32%
Embrace Home Loans, Inc 19, 0.11% 0.75%
Wells Fargo Bank 20, 0.13% 1.08%
Seaboard Federal Credit Union 21, 0.19% 6.14%
The Camden National Bank 22, 0.20% 7.00%
Quicken Loans 23, 0.21% 14.33%
Maine Savings Federal Credit Union 24, 0.25% 8.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bangor Savings Bank 1, -0.15% 9.47%
CMG Mortgage Inc 2, -0.13% 5.83%
LoanDepot 3, -0.04% 3.64%
The Camden National Bank 4, -0.03% 5.83%
Residential Mortgage Services 5, -0.00% 14.32%
LeaderOne Financial Corp 6, 0.00% 8.25%
KeyBank National Association 7, 0.00% 0.73%
CUSO Mortgage Corporation 8, 0.01% 1.21%
Quicken Loans 9, 0.02% 24.51%
Fairway Independent Mort Corp 10, 0.05% 7.52%
Embrace Home Loans, Inc 11, 0.07% 4.37%
Mortgage Network, Inc 12, 0.09% 10.19%
Guaranteed Rate Inc 13, 0.13% 4.13%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bangor Savings Bank 1, -0.18% 10.29%
CMG Mortgage Inc 2, -0.14% 6.86%
LoanDepot 3, -0.05% 4.00%
The Camden National Bank 4, -0.04% 6.86%
Residential Mortgage Services 5, -0.01% 16.00%
LeaderOne Financial Corp 6, -0.00% 9.71%
KeyBank National Association 7, -0.00% 0.86%
CUSO Mortgage Corporation 8, 0.00% 0.86%
Fairway Independent Mort Corp 9, 0.05% 8.86%
Quicken Loans 10, 0.07% 14.57%
Embrace Home Loans, Inc 11, 0.07% 4.86%
Mortgage Network, Inc 12, 0.09% 11.71%
Guaranteed Rate Inc 13, 0.13% 4.57%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 80.65%
Embrace Home Loans, Inc 2, 0.03% 1.61%
Mortgage Network, Inc 3, 0.03% 1.61%
CUSO Mortgage Corporation 4, 0.04% 3.23%
LoanDepot 5, 0.04% 1.61%
Residential Mortgage Services 6, 0.05% 4.84%
Guaranteed Rate Inc 7, 0.07% 1.61%
Bangor Savings Bank 8, 0.09% 4.84%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Maine Savings Federal Credit Union 1, -0.01% 4.55%
Bar Harbor Bank & Trust 2, -0.01% 13.64%
Bangor Savings Bank 3, -0.01% 4.55%
Machias Savings Bank 4, -0.00% 18.18%
Residential Mortgage Services 5, -0.00% 4.55%
KeyBank National Association 6, -0.00% 4.55%
The Camden National Bank 7, 0.00% 27.27%
Wells Fargo Bank 8, 0.00% 13.64%
The First 9, 0.02% 9.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Maine Savings Federal Credit Union 1, -0.01% 7.14%
Bar Harbor Bank & Trust 2, -0.01% 14.29%
Machias Savings Bank 3, -0.00% 7.14%
The Camden National Bank 4, -0.00% 28.57%
Residential Mortgage Services 5, -0.00% 7.14%
KeyBank National Association 6, -0.00% 7.14%
Wells Fargo Bank 7, 0.00% 14.29%
The First 8, 0.02% 14.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bar Harbor Bank & Trust 1, -0.01% 12.50%
Bangor Savings Bank 2, -0.01% 12.50%
Machias Savings Bank 3, -0.00% 37.50%
Wells Fargo Bank 4, 0.00% 12.50%
The Camden National Bank 5, 0.01% 25.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.09% 9.02%
Usaa Federal Savings Bank 2, -0.09% 14.12%
Bangor Savings Bank 3, -0.08% 12.94%
KeyBank National Association 4, -0.00% 1.18%
Wells Fargo Bank 5, 0.00% 1.18%
The First 6, 0.00% 1.18%
TD Bank 7, 0.01% 0.78%
CMG Mortgage Inc 8, 0.01% 4.71%
LeaderOne Financial Corp 9, 0.02% 4.31%
CUSO Mortgage Corporation 10, 0.02% 2.35%
Residential Mortgage Services 11, 0.03% 6.67%
The Camden National Bank 12, 0.03% 4.31%
Mortgage Network, Inc 13, 0.03% 2.35%
Fairway Independent Mort Corp 14, 0.03% 3.92%
LoanDepot 15, 0.05% 6.67%
Embrace Home Loans, Inc 16, 0.07% 4.31%
Quicken Loans 17, 0.09% 16.86%
Guaranteed Rate Inc 18, 0.10% 3.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.09% 8.99%
Bangor Savings Bank 2, -0.08% 15.73%
Usaa Federal Savings Bank 3, -0.06% 19.66%
The First 4, 0.02% 0.56%
KeyBank National Association 5, 0.02% 1.69%
Wells Fargo Bank 6, 0.02% 1.69%
TD Bank 7, 0.03% 1.12%
CMG Mortgage Inc 8, 0.03% 5.62%
LeaderOne Financial Corp 9, 0.04% 5.62%
Quicken Loans 10, 0.04% 3.93%
CUSO Mortgage Corporation 11, 0.04% 2.81%
Residential Mortgage Services 12, 0.05% 7.87%
The Camden National Bank 13, 0.06% 4.49%
Fairway Independent Mort Corp 14, 0.06% 5.62%
LoanDepot 15, 0.06% 3.37%
Mortgage Network, Inc 16, 0.06% 2.81%
Guaranteed Rate Inc 17, 0.12% 4.49%
Embrace Home Loans, Inc 18, 0.13% 3.93%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.10% 9.09%
CMG Mortgage Inc 2, -0.06% 2.60%
The First 3, -0.05% 2.60%
CUSO Mortgage Corporation 4, -0.05% 1.30%
The Camden National Bank 5, -0.04% 3.90%
Residential Mortgage Services 6, -0.04% 3.90%
LeaderOne Financial Corp 7, -0.04% 1.30%
Usaa Federal Savings Bank 8, -0.04% 1.30%
Embrace Home Loans, Inc 9, -0.04% 5.19%
Mortgage Network, Inc 10, -0.04% 1.30%
Bangor Savings Bank 11, -0.04% 6.49%
LoanDepot 12, -0.00% 14.29%
Quicken Loans 13, 0.05% 46.75%

* 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 for the data comes from 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 based on the MSA, 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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