Maine Rates by Credit Score
780 Credit Score Mortgage Rates in Maine
A 780 FICO in Maine is the top pricing bucket. Conventional risk-based pricing adjustments are minimal and you qualify for the best wholesale pricing tiers.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
Maine Housing Market for a 780 FICO Buyer
Maine's median home price is around $395,000. At 20% down, that's a $79,000 down payment and a $316,000 loan - well within the $200,000+ minimum for the Loan Factory $2,000 Best Price Guarantee. The pricer above is preset to this scenario.
Median home price
$395,000
Effective property tax rate
1.36% (≈$5,372/yr at median price)
Top metros
Portland, Lewiston, Bangor
Frequently Asked Questions
What is the best mortgage rate for a 780 credit score in Maine?+
The pricer above returns live wholesale rates for a 780 FICO in Portland, Maine. A 780 FICO in Maine is the top pricing bucket. Conventional risk-based pricing adjustments are minimal and you qualify for the best wholesale pricing tiers. Use the tabs to switch between Conventional, FHA, and VA.
Can I get a Conventional loan in Maine with 780 FICO?+
Yes. 780 is comfortably above the 620 Conventional minimum in Maine.
Is FHA or Conventional better at 780 FICO in Portland?+
Usually Conventional at 780 FICO in Portland - the Conventional risk-based adjustments shrink at this score and you avoid upfront MIP.
What is the Maine loan limit at a 780 FICO?+
Loan limits in Maine are not driven by FICO - they are set by FHFA based on county home prices. The 2026 baseline conforming limit is $806,500. Maine mostly follows the baseline. Your FICO affects rate and approval, not loan size.
Are mortgage rates for 780 FICO different in Maine vs other states?+
No - rates are uniform nationally. Lenders do not adjust mortgage pricing by state. Property taxes, insurance, and DPA programs differ, which affect total payment but not interest rate.
Is the $2,000 Best Price Guarantee available at 780 FICO in Maine?+
Yes. The Loan Factory $2,000 Best Price Guarantee is FICO-agnostic and covers qualifying Conv/FHA/VA loans of $200,000+ in Maine.
Apply at 780 FICO in Maine
Wholesale pricing, $0 origination, $2,000 guarantee on qualifying loans.
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