<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">
States-Banner-Maine

Key Takeaways for Maine Home Buyers:

Here's what you need to know to get started if you’re looking at buying in the Pine Tree State.

Average Home Prices in Maine

As of July 2025, the median sale price for a single-family home in Maine is $416,500.

Average home price:

  • Portland: $590,000
  • Bangor: $289,000
  • Bar Harbor: $1,249,500
  • Kennebunkport: $1,600,000

Source: zillow.com/home-values

Average Home Size in Maine

The average size for a single-family home in Maine is approximately 1,663 square feet.

Average home size:

  • Portland: 1,770 square feet
  • Bangor: 1,663 square feet

Source: https://fred.stlouisfed.org/

Maine State Taxes

  • Maine has an income tax ranging from 5.80% to 7.15% depending on income.
  • Maine has an average property tax rate of about 1.25%, which is higher than the national average.
  • Maine has a 5.5% statewide sales tax, and there are no additional local sales taxes. Essential items like groceries and prescription drugs are exempt.

How Much Can You Afford in Maine?

Ideal
Monthly Payment:
$750.00

affordability graph legend
$750.00
$1050
$1350

Mortgage Questions?
Churchill has Answers!

Are you buying a home or refinancing?

Where are you planning to buy a home?

Please Select a State

When are you planning to buy a home?

What is your timeline?:

What is your full name?

Please Enter a Name
Please Enter a Last Name

What is your email address?

Please Enter a Valid Email Address
  We won't share your information.

Next, we need to verify a phone number.

Enter a Valid Phone Number
Please Select a Message Type

Enter your phone number and we'll text you a 6-digit security code to verify it's you. Standard texting and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions..

Enter the 6-digit code sent to your device.

 Code sent to +1234567890

Finally, how did you hear about us?

Please Select an Option

By submitting this form, I/we agree to your Privacy Policy, Email and Mobile Policy, Terms of Use and authorize Churchill Mortgage Corporation and/or their Preferred Provider for our area and/or The Churchill Agency to receive the above information to assist in obtaining a home loan.

I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive SMS text messages sent by an automatic telephone dialing system. Message and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions. Consent to these terms is not a condition of purchase.

Your answer will NOT negatively affect your mortgage application. Your answer does not mean the Lender or Other Loan Participants agree to communicate or provide documents to you in your preferred language. However, it may let them assist you or direct you to persons who can assist you. Language assistance and resources may be available through housing counseling agencies approved by the U.S. Department of Housing and Urban Development. To find a housing counseling agency, contact one of the following Federal government agencies. U.S. Department of Housing and Urban Development (HUD) at (800)569-4287 or www.hud.gov/counseling

Es probable que su transacción de préstamo hipotecario suceda en inglés. Por medio de esta pregunta, solicitamos información para determinar si existen comunicaciones disponibles a su servicio, en su idioma preferido. Sírvase tener en cuenta: posiblemente NO hay comunicaciones disponibles en su idioma preferido.

Thank You!

Thank you for choosing Churchill Mortgage to help you with your home loan needs!

Our team is already hard at work connecting you with your Home Loan Specialist. Rest assured that we've received your request and will be in touch with you shortly.

social proof logos

Already working with someone at Churchill?

Find Your Home Loan Specialist

Please Select a Loan Officer

Maine Down Payment Assistance Programs

National Homebuyers Fund FHA Program

This down payment assistance program helps buyers get into a home with little to no upfront cost, offering up to 101.5% financing through an FHA first mortgage and a second lien.

purchase-g-radio
More about this program
  • FHA loan covers 96.5% of the purchase price
  • Second lien covers 3.5% or 5% for down payment or closing costs
  • Minimum credit score: 600 (660 for manual underwriting)
  • No first-time buyer requirement
  • No max DTI with DU/LP approval
  • Homebuyer education required (Fannie Mae HomeView – free online)
  • Non-occupant co-borrowers allowed
  • Eligible properties: Single-family homes, duplexes (2 units), PUDs, condos (agency approved), townhomes, manufactured homes allowed (except single-wides)

National Community Lending Program

The National program supports low- to moderate-income buyers with down payment assistance and flexible financing to make homeownership more accessible.

purchase-g-radio
More about this program
  • 30-year fixed-rate conventional mortgage
  • Second lien offers up to 4% for down payment assistance
  • Max LTV/CLTV: 97% / 105%
  • Income limit: Up to 140% of area median income (AMI)
  • Minimum credit score: 660
  • DTI: Lesser of 50% or AUS approval
  • Eligible properties: Single-family detached or attached homes, single-family homes with accessory units (must be zoned single-family), PUDs and condominiums, rural properties (must be residential in nature)

Churchill Mortgage is an approved lender for these down payment assistance programs. Contact us today to see if you qualify!

Frequently Asked Questions

Check our FAQs for responses to our most popular questions from Maine home buyers.

Cash 1
How Much Should I Budget for Closing Costs in Maine?

If you're buying a home in Maine, it's smart to plan ahead for closing costs, which typically range from 2% to 5% of the purchase price. For example, on a $300,000 home, you’d budget between $6,000 and $15,000 to cover fees like appraisal, title insurance, attorney services, lender fees, and prepaid taxes.

Bank
What Are the Most Popular Home Loan Types in Maine?

Maine home buyers have several mortgage options to fit different credit scores, income levels, and down payment needs. Here are the most common loan types:

  • Conventional Loans – Popular for buyers with good credit; down payments as low as 3%.

  • FHA Loans – Ideal for buyers with lower credit scores; 3.5% down payment.

  • VA Loans – For eligible veterans and active-duty service members; no down payment required.

  • USDA Loans – Offer 100% financing for rural and suburban homebuyers.

Collaboration
How Can I Find a Trusted Local Maine Realtor to Work With?

Churchill Mortgage's experienced Home Loan Specialists work closely with a network of trusted, local real estate agents across the state of Maine. Just ask for a referral and we'll provide you with a professional who is committed to finding the right home for you.

 
Search 3
How Do Schools Rank in Maine?

Maine is home to several top-performing public school districts known for excellent academics, strong parent ratings, and high student achievement.

  • Orono (Regional School Unit No. 26 / MSAD 26) regularly earns the #1 ranking statewide for its strong academic reputation and tight-knit school community. 

  • Cape Elizabeth Public Schools holds the #2 position in Maine, recognized for its supportive teachers and well-rounded curriculum.

  • Yarmouth Schools ranks #3, praised for its community environment and strong extracurricular programs. 

  • Falmouth Public Schools is ranked #4, noted for offering ample Honors and AP courses with a focus on student engagement.

  • Scarborough Public Schools comes in at #5, with students and parents highlighting its solid academic quality and school culture. 

For detailed performance data, student outcomes, and school comparisons, visit the Maine School Report Card.

Reviews from Maine Home Buyers

★ ★ ★ ★ ★

"John was amazing to work with, great communication, could not recommend more."

Jackson S.
Acton, ME
★ ★ ★ ★ ★

"Ron was very helpful and informative. Often replying after hours! Great working with him. Even the local Title company commented on how easy it was to work with Churchill."

Christopher R.
Falmouth, ME
★ ★ ★ ★ ★

"The communication between the lender and myself was very easy. He would respond very quick if I messaged him."

Simeon D.
Charleston, ME

4.9 / 5

gold star gold star gold star gold star gold star

Top Rated Loan Advisors Across the U.S.

Served over 100,000+ happy homeowners!

ramseytrusted-sig-logo_3491f689-ff96-41e5-aebe-117eca068dd6

Read More Reviews on Google!

Maine Branch Locations

Churchill Loan Officers in Maine

Conforming and high balance allowed. Cooperative housing not eligible. Not all applicants will qualify. Not a commitment to lend. Other restriction or limitations to any program may apply.

This calculator is being provided for educational purposes only. The provided values for interest rates are examples only and do not reflect Churchill Mortgage Product terms & offers. The results are estimates that are based on information you provided and may not reflect Churchill Mortgage Product terms. The information cannot be used by Churchill Mortgage to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and are not controlled by or under the control of Churchill Mortgage. Churchill Mortgage is not responsible for the content, results, or the accuracy of information.

These calculations are hypothetical examples designed to for illustration purposes only. Consult a Home Loan Specialist for more specific information regarding payments, terms, etc.

As a responsible lender, Churchill Mortgage is committed to the principles outlined in federal and state lending laws ensuring all potential borrowers have access to the same information, services, and opportunities throughout the home loan process.