Lewiston VA Loan Rates, Closing Costs & Stats

LEWISTON-AUBURN, ME

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Lewiston's 37 lenders originated 202 VA loans during 2024. The total origination value was $64,730,000, with an average VA loan value of $320,446.

    Lewiston VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Lewiston averaged 7.03% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Lewiston's average VA mortgage closing costs are $5,674.

    The average rate for the prior week (2025-07-11) was 6.62% and one month ago for the week of 2025-06-13, the average rate was 6.79%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.34%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Lewiston VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lewiston level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 28 6.25% $5,263
    UNITED WHOLESALE MORTGAGE, LLC 23 5.98% $6,110
    GUILD MORTGAGE COMPANY 20 6.17% $7,963
    FREEDOM MORTGAGE CORPORATION 16 6.22% $5,880
    CMG MORTGAGE, INC. 13 6.59% $7,844
    QUICKEN LOANS, LLC 13 6.20% $11,567
    NAVY FEDERAL CREDIT UNION 6 5.85% $5,350
    NEWREZ LLC 6 6.33% $4,797
    HARBORONE MORTGAGE, LLC 5 6.63% $5,800
    NORTHPOINT MORTGAGE, INC. 5 5.56% $7,371
    T2 FINANCIAL LLC 5 6.63% $7,280
    PENNYMAC LOAN SERVICES, LLC 5 5.65% $6,766
    LOANDEPOT.COM, LLC 5 6.12% $7,127
    VILLAGE CAPITAL MORTGAGE 4 6.00% $6,535
    NEW DAY FINANCIAL, LLC 4 7.40% $6,772
    DAS Acquisition Company, LLC 3 5.90% $6,900
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 6.71% $5,698
    USAA Federal Savings Bank 3 6.08% $12,938
    Mr. Cooper ( Nationstar Mortgage ) 2 5.88% $7,178
    Bangor Savings Bank 2 5.94% $7,237
    First Federal Bank 2 5.94% $3,055
    MEGASTAR FINANCIAL CORP. 2 6.10% $15,080
    NORWICH COMMERCIAL GROUP, INC. 2 5.75% $3,200
    The Federal Savings Bank 2 6.25% $11,818
    TOTAL MORTGAGE SERVICES, LLC 2 6.35% $7,875
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $5,129
    LEADERONE FINANCIAL CORPORATION 1 7.50% $6,438
    PENTAGON FEDERAL CREDIT UNION 1 5.50% $0
    Presidential Bank, FSB 1 6.75% $1,679
    Ixonia Bank 1 6.25% $7,496
    HOMESIDE FINANCIAL, LLC 1 6.13% $15,334
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $12,970
    BROKER SOLUTIONS, INC. 1 6.75% $9,304
    Truist 1 5.75% $16,824
    NBKC BANK 1 5.38% $3,244
    NORTHERN MORTGAGE SERVICES, LLC 1 5.63% $4,846
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.25% $7,472

    The top Lewiston VA lender as defined by loan originations is Mortgage Research Center, LLC, with 28 VA loans originated. Their average total fees are $5,263, which is $848 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Lewiston VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,263), FREEDOM MORTGAGE CORPORATION ($5,880), UNITED WHOLESALE MORTGAGE, LLC ($6,110), CMG MORTGAGE, INC. ($7,844) and GUILD MORTGAGE COMPANY ($7,963).

    The lowest rate Lewiston VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.98%), GUILD MORTGAGE COMPANY (6.17%), QUICKEN LOANS, LLC (6.20%), FREEDOM MORTGAGE CORPORATION (6.22%) and Mortgage Research Center, LLC (6.25%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.