Top 5 VA Lenders in Maine 2019

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If you’re an active or retired member of the United States Armed Forces looking to purchase a home in Maine, there are some amazing mortgage solutions available to you. Maine is home to around 1.3 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 6.2 percent between December of 2017 through 2018 and are forecasted to rise another 9.2% through 2019.

The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since VA loans offer amazing benefits that include low interest rates, zero down payment requirements, no prepayment penalties, and no required mortgage insurance, they’re often some of the most desirable loans for current or ex-military home buyers like you.

In this article, we’ll review the best VA approved lenders in Maine and how they can help you on your quest to home ownership.


#1 Maine VA Lender: Norcom Mortgage

Norcom Mortgage is one of the most widely used mortgage lending institutions in the state of Maine, hands down. The sheer volume of VA loans and other home financing options that they originate is a solid testament to their ability to give their clients what they want.

The loan officers at Norcom are exceptionally wise when it comes to home loans, and all of the intricacies surrounding them, and they can effortlessly work with borrowers of the most difficult financial backgrounds. Norcom mortgage has a high reputation of hiring only the most skilled loan officers, after all.

For potential borrowers, a there is no question left unanswered, and no goal that they don’t make a valiant effort to reach. They make closing a mortgage loan a lot less scary than it typically is to many home buyers.

#2 Maine VA Lender: Caliber Home Loans

A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top mortgage lenders in the region approved to originate VA mortgages.

The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Getting a VA loan can be particularly stressful, but the loan officers at Caliber are well known for keeping their borrowers informed and making sure home buyers never miss a beat during the mortgage transaction.

Home buyers can count on concise, and rapid responses to any questions that may come up during the mortgage process. With their new app, the mortgage preapproval and application process has been made even easier! A stunning dedication to providing home buyers with mortgage loans that are affordable and align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.

#3 Maine VA Lender: Guaranteed Rate

A Kingpin of the online mortgage trend that plays a large role in Government-Insured financing is Guaranteed Rate. Their participation in the digital mortgage wave leaves many other platforms lacking by comparison.

Guaranteed Rate is extremely experienced with the origination of VA loans. The ability to offer VA financing through one of the best digital mortgage platforms available makes them serious competition to other VA lenders, and highly favored among repeat and first time home buyers. VA loan products are among the highest selling loans through Guaranteed Rate.

The online platform makes securely uploading the important financial documentation requested for a loan approval fast and easy. Borrowers can even check their credit scores through the service, rather than go elsewhere. Guaranteed Rate is one of the rare few digital mortgage platforms where a mortgage loan can be closed without ever needing to speak with someone unless requested by the home buyer.

#4 Maine VA Lender: Mortgage Network, Inc.

Mortgage Network, Inc. claims to be one of the most trusted mortgage lenders on the East Coast, and it has the reviews to back it up. The company has multiple locations throughout the state of Maine, as well as in Massachusetts, New Hampshire, Delaware, Florida, New Jersey, Maryland, South Carolina, and Rhode Island.

Mortgage Network, Inc. is not only approved to issue VA loans, but also originates FHA loans, USDA loans, and conventional loans, so even if you decide that an VA loan isn’t the right choice for you, Mortgage Network can still help you achieve home financing.

#5 Maine VA Lender: Fairway Independent Mortgage Corporation

A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for VA financing across the country. Veteran home buyers nationwide will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. In addition, their customer service is well known to be top notch.

Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitation a faster closing.

Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining an VA loan at a great rate in a non-rushed and stress-free environment.


Shop Around Before You Get a Maine VA Loan

Our picks for the best VA lenders in Maine may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.

While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best VA lender in your area, don't hesitate to contact a home.loans mortgage expert!