Mortgage Rates in Bangor, Maine — March 2026
Updated March 2026 | Based on Bangor market data and regional lending conditions
Bangor is a growing city in Maine with a population of 31,753. The current 30-year fixed mortgage rate in Bangor is 6.68%, which is 0.03% above the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $1,005.
Current Mortgage Rates in Bangor, ME
Below are the current average mortgage rates available in the Bangor area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.68% | 6.65% | +0.03% |
| 15-Year Fixed | 5.92% | 5.89% | +0.03% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.28% | 6.25% | +0.03% |
| VA | 6.08% | 6.05% | +0.03% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Bangor Housing Market Overview
The Bangor housing market offers relatively affordable housing compared to many major cities. The median household income in Bangor is $40,250, and the cost of living index is 90.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $52,114 to comfortably afford the median-priced home in Bangor, which exceeds the current median household income.
Monthly Payment Breakdown for Bangor
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Bangor:
15-Year vs. 30-Year Mortgage in Bangor
Choosing a 15-year mortgage in Bangor at 5.92% instead of a 30-year at 6.68% would save you $126,000 in total interest over the life of the loan. However, your monthly payment would be $1,310 instead of $1,005 — an increase of $305 per month.
Calculate Your Bangor Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Bangor
What are the current mortgage rates in Bangor, ME?
As of March 2026, the average 30-year fixed mortgage rate in Bangor, Maine is 6.68%, while the 15-year fixed rate is 5.92%. FHA loans average 6.28% and VA loans 6.08%. These rates are 0.03% above the national average of 6.65%.
How much is a monthly mortgage payment in Bangor?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Bangor is $1,005 for principal and interest. Including property taxes of $211/month, the total monthly housing cost is approximately $1,216.
What income do I need to buy a home in Bangor?
Using the 28% rule, you would need an annual income of approximately $52,114 to afford the median-priced home in Bangor at $195,000. The median household income in Bangor is $40,250. This means most households would need to either earn above the median or consider homes below $195,000.
Is Bangor a good place to buy a home in 2026?
Bangor offers a below-average cost of living with a cost of living index of 90.5 (national average = 100). The property tax rate in Maine is 1.3%, which is near the national average. Bangor has a population of 31,753 and offers a very affordable lifestyle.
Mortgage Rates in Other Maine Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Bangor, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.