Maine

Trusted Mortgage Lender in Maine

Customized home loans tailored for Maine buyers, with local service and national strength.

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Built to Serve

Born in New England, Built to Serve Maine

Are you searching for a dedicated team of professional mortgage lenders who genuinely care about their customers and are committed to providing a seamless, worry-free experience? Look no further than NewFed Mortgage Corp.! As a trusted mortgage lender in Maine, we believe in the success of our customers and aim to secure a mortgage that works in your favor. That's why we prioritize addressing your every need as we guide you through the home buying or refinancing process.

Our motto is "mortgages for every stage of your life," so wherever you are in Maine, our experts at NewFed Mortgage Corp. are here to assist you. We're dedicated to guiding you through various mortgage property types, explaining refinancing options, and clarifying any confusion surrounding reverse mortgages.

Loan Officers

Loan Officers In Maine

Al Petrilli Jr

Loan Officer

Winthrop, MA

Licensed in MA | ME

NMLS #1303164

550 Pleasant Street, Suite 109R , MA

(617) 513-3882

Danielle Courtemanche

Producing Branch Manager

Reading, MA

Licensed in CT | FL | IL | LA | MA | ME | NC | NH | RI | SC

NMLS #1805721

32 Lincoln Street, Reading, MA 01867

(603) 508-2169

Doug Perry

Branch Manager

Reading, MA

Licensed in CT | FL | MA | ME | MI | NH | RI

NMLS #49193

32 Lincoln Street, Reading, MA 01867

Gary Field

Senior Loan Officer

North Andover, MA

Licensed in FL | MA | ME | NH

NMLS #2738702

234 Sutton St , MA

603-566-9346

Mary Mitchell

Senior Loan Officer

Danvers, MA

Licensed in MA | ME | NH

NMLS #28435

98 High Street , MA

(877) 639-3331

Mike Rice "The Mortgage Guy"

Senior Loan Officer

Danvers, MA

Licensed in CT | FL | GA | MA | ME | NH | NJ | RI | VT

NMLS #47904

98 High Street , MA

508-801-5880

Rich Clayton

Senior Mortgage Planner

Danvers, MA

Licensed in CT | FL | MA | ME | NH | RI

NMLS #454889

98 High Street | Danvers, MA 01923

617-830-5265

Richard Garofalo

Senior Loan Officer

Danvers, MA

Licensed in FL | MA | ME | NH

NMLS #413811

98 High Street , MA

(877) 639-3331

Rick Scherer

Licensed in CT | FL | LA | MA | ME | NH | RI

NMLS #454910

Danvers, MA

617-548-7425

Stephen Cote

Loan Officer

North Andover, MA

Licensed in MA | ME | NH | RI

NMLS #16178

234 Sutton Street , MA

(781) 241-1217

Housing Market Insights

Maine Mortgage & Housing Market Insights

Median Home Price

Current data reflects recent shifts in the median home price across Maine.

Affordability Index

Affordability metrics suggest that spending more than 30% of income on housing is considered unaffordable in Maine. If you are looking for ways to afford your dream home, explore loan options with our Loan Officers.

Financed Property Types

Single-family homes are the most commonly financed property type in Maine, especially in suburban and rural areas. NewFed offers several loan options that could fit the needs of any buyer and any property.

Homebuyers

Mortgage Options for Maine Homebuyers

Conventional

Best for people with steady income and good credit who want low-interest rates.

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VA Loans

A top choice for veterans, active military, and their families to buy a home with no down payment.

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FHA Loans

A smart pick for first-time homebuyers or people with lower credit who need a small down payment.

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USDA Loans

Best for people buying a home in the country, with no down payment and low costs.

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Jumbo Loans

Great for buying high-priced homes that need a bigger loan than usual.

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Reverse Mortgages

A good choice for older homeowners who want to get money from their home without selling it.

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Non-Qualified Mortgages

A good option for people who don’t qualify for regular home loans but need a special loan.

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HELOC Loans

Lets homeowners use the value of their home to get money for projects or bills.

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Renovation Loans

Helps buyers fix up a home while buying it, all in one loan.

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Why More Maine Buyers Choose NewFed Mortgage

Fast closings (39% faster than industry average)
Local loan officers across the state
Modern (and mobile-friendly) tech + personal support
Family-owned, Chelsea-based roots
Named A Top Place to Work by The Boston Globe (2024)

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5 Things to Know When Starting the Homebuying Process guide cover

Five Things to Know When Starting the Homebuying Process

Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.

View Our Free Guide

Ready to Get Started in Maine?

Apply today or reach out to one of our loan officers to discuss your options.

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