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Showing 2 mortgage lenders in Waterville, ME
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What Does a Mortgage Lender in Waterville Cost?
Typical costs for a mortgage lender in Maine include an origination fee of 0.5 to 1 percent of the loan amount, an appraisal fee of 400 to 700 dollars, and title insurance of 500 to 1,500 dollars. Closing costs in Maine generally range from 2 to 5 percent of the purchase price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to apply for a mortgage in Waterville?
You typically need recent pay stubs, W-2 forms, tax returns, bank statements, and a valid ID. Maine lenders also require proof of homeowners insurance before closing.
How long does the mortgage process take in Maine?
The mortgage process in Maine usually takes 30 to 45 days from application to closing. Maine law requires a three day rescission period after signing for refinances.
What is the MaineHousing program for first time buyers?
MaineHousing offers low down payment loans and down payment assistance for eligible first time home buyers in Waterville. Income limits and purchase price limits apply based on the county.