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Today's Refinance Rates in Maine

Get a Lower rate in Maine whether you’re looking to reduce your monthly payment, change your loan term or refinance into a different rate.

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Current Maine Home Refinance Rates

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Refinance Rates Trend in Maine

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

What Affects Mortgage Refinance Rates in Maine

Maine refinance rates reflect national lending conditions along with the details of your replacement mortgage. Your credit profile, loan-to-value, loan structure, property details and occupancy can affect the rate and terms available to you.

A refinance quote can differ from a purchase quote for the same borrower because the purpose and structure of the transaction are different. Compare the proposed new mortgage with the loan you already have, including its rate, term and costs.

The interest rate is the percentage charged for borrowing the principal. The annual percentage rate, or APR, is a broader annualized measure that includes the interest rate plus certain loan costs. APR can provide additional context when two refinance offers have different rates or upfront costs.

If you are buying rather than refinancing, compare Maine mortgage rates.

Types of Refinances Available in Maine

A rate-and-term refinance replaces your existing mortgage without taking cash out of the property. The replacement loan can change the rate, term or both.

A lower interest rate could reduce your monthly principal-and-interest payment, while changing the term can affect both the payment and how long you carry the mortgage. Compare those changes with the costs required to complete the refinance.

How long you expect to keep the new mortgage also affects the calculation. Use the refinance break-even calculator to compare the upfront costs with the expected monthly savings.

Maine Recording Fees on a Refinance

If your refinance requires a new mortgage instrument to be recorded, recording fees can be part of your closing costs. Under Maine's registry-of-deeds fee schedule, most privately requested instruments are subject to a $35 flat recording fee as of Jan. 1, 2026. Additional recorded instruments can create separate charges.

FHA and VA Refinance Options in Maine

If your current mortgage is FHA-backed, an FHA streamline refinance uses limited borrower credit documentation and underwriting to refinance an existing FHA-insured mortgage. An FHA simple refinance also replaces an existing FHA mortgage but uses an appraisal and credit-qualifying underwriting. HUD's FHA streamline refinance guidance covers the streamline requirements.

If your current mortgage is VA-backed, a VA Interest Rate Reduction Refinance Loan, or IRRRL, may help lower your monthly mortgage payment or make payments more stable by moving from an adjustable-rate loan to a fixed-rate loan. The VA's IRRRL guidance requires the mortgage being refinanced to already be VA-backed.

Conforming Loan Limits for a Maine Refinance

Maine uses the national baseline conforming loan limit throughout the state. Under FHFA's 2026 conforming loan limits, the limit for a one-unit property is $832,750 in all 16 Maine counties.

That includes Cumberland County in the Portland area, Penobscot County in the Bangor area and York County in southern Maine. A one-unit refinance above $832,750 exceeds the 2026 conforming loan limit anywhere in Maine. A mortgage below that amount still has to meet applicable conventional mortgage requirements to qualify as conforming.

Maine Refinance FAQs

When Does Refinancing Make Sense in Maine?

Compare your existing mortgage with the proposed replacement loan, including the interest rate, monthly payment, new loan term and closing costs. The length of time you expect to keep the new mortgage affects whether any monthly savings have enough time to offset the upfront costs.

Does Portland Have a Higher Conforming Loan Limit Than the Rest of Maine?

No. Cumberland County uses the same $832,750 conforming loan limit for one-unit properties in 2026 as every other Maine county. The same limit applies in the Bangor area, southern Maine and the rest of the state.

Can I Refinance a VA Loan in Maine?

Yes. If your current mortgage is VA-backed, an IRRRL may be available to refinance it. The existing mortgage must be VA-backed, and VA and lender requirements apply to the new loan.

Find Out Why Mainers Love Lower

Don't take our word for it. We've got 50,000 five-star reviews and counting. Read what real customers have to say.
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5.0

Nadia made the buying experience great for us. She was very helpful and informative with us. She went out of her way to help us and make the experience as smooth as possible. We will gladly recommend her to anyone we know that may be interested in purchasing or refinancing a hom. thank you for everything.

Abel Q.

Verified Customer

June 16, 2026

5.0

Stacey is a pleasure to work with. She kept me up to date and on track for my refiannce.

Joe C.

Verified Customer

August 5, 2026

5.0

Where do i I even start Landon kail has made this whole experience stress free and very easy, I just followed his straight forward easy to understand instructions and now I'm a home owner I would recommend Landon to anyone applying to get a mortgage 10/10 times super nice and personable if I even need anything in the future weather it's a new mortgage or refinancing Landon is my guy

Zach G.

Verified Customer

August 7, 2026

5.0

Cam did an amazing job explaining everything from day 1 and guiding us every step of the way. He was on top of things and ensured we never missed a task or action item or deadline. I appreciated how prompt Cam was in responding to any question, even if it was after work hours. I would highly recommend Cam to anyone looking for a mortgage and if I ever feel the need to refinance, I'll reach out to Cam without… any hesitation.

Atif M.

Verified Customer

August 14, 2026

5.0

I had the pleasure of working with TJ recently on two transactions. TJ has ALWAYS been a great lender, well respected in our community, communicates to all parties involved in a timely manner and helps each client understand all their options. She is patient and very knowledgeable. I would recommend TJ for any client looking to purchase a new home or to refinance a mortgage loan.

Christina K.

Verified Customer

July 29, 2026

5.0

Rick has helped us so much throughout the home buyer process. He is knowledgeable and helpful with various options. I would definitely recommend using his services if you are in the market for buying or refinancing!

Ronald D.

Verified Customer

July 31, 2026

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