Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the State Mortgage Licensing Authority of Maine before hiring.
Showing 6 home equity loan specialists in Saco, ME
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
PeoplesChoice Credit Union
23 Industrial Park Rd, Saco, ME 04072
(207) 282-4156
peopleschoicecreditunion.com
Bryan Daley – Mortgage Loan Officer at Bangor Savings Bank (NMLS #415912)
270 Main St, Saco, ME 04072
(207) 229-9225
bangor.com
Operations Center: Saco & Biddeford Savings Institution
50 Industrial Park Rd, Saco, ME 04072
(207) 284-4591
sbsavings.bank
What Does a Home Equity Loan Specialist in Saco Cost?
Typical costs for a home equity loan specialist in Maine include an origination fee of 0.5 to 1.5 percent of the loan amount. Appraisal fees range from 300 to 600 dollars. Closing costs average 2 to 5 percent of the loan total. 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 does a home equity loan specialist in Saco do?
A specialist helps you understand your home equity loan options and prepares your application. They review your property value and income to find suitable loan terms. They also ensure all paperwork meets Maine lending laws.
How much equity do I need for a home equity loan in Maine?
Most lenders in Maine require at least 15 to 20 percent equity in your home. Your loan amount depends on your credit score and the current market value of your property. A specialist can help you calculate your available equity.
Are there Maine specific rules for home equity loans?
Yes Maine law under Title 9-A requires lenders to provide a clear disclosure of loan terms and the right to rescind the loan within three business days. Specialists must follow these rules to protect borrowers.