Mortgage Rates in Biddeford, Maine — March 2026
Updated March 2026 | Based on Biddeford market data and regional lending conditions
Biddeford is a growing city in Maine with a population of 22,668. The current 30-year fixed mortgage rate in Biddeford is 6.68%, which is 0.03% above the national average. With a median home price of $345,000 and a 20% down payment of $69,000, homebuyers can expect a monthly principal and interest payment of approximately $1,777.
Current Mortgage Rates in Biddeford, ME
Below are the current average mortgage rates available in the Biddeford 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% |
Biddeford Housing Market Overview
The Biddeford housing market reflects moderate demand with prices near the national average. The median household income in Biddeford is $52,250, and the cost of living index is 102.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $92,186 to comfortably afford the median-priced home in Biddeford, which exceeds the current median household income.
Monthly Payment Breakdown for Biddeford
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Biddeford:
15-Year vs. 30-Year Mortgage in Biddeford
Choosing a 15-year mortgage in Biddeford at 5.92% instead of a 30-year at 6.68% would save you $222,660 in total interest over the life of the loan. However, your monthly payment would be $2,317 instead of $1,777 — an increase of $540 per month.
Calculate Your Biddeford Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Biddeford
What are the current mortgage rates in Biddeford, ME?
As of March 2026, the average 30-year fixed mortgage rate in Biddeford, 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 Biddeford?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Biddeford is $1,777 for principal and interest. Including property taxes of $374/month, the total monthly housing cost is approximately $2,151.
What income do I need to buy a home in Biddeford?
Using the 28% rule, you would need an annual income of approximately $92,186 to afford the median-priced home in Biddeford at $345,000. The median household income in Biddeford is $52,250. This means most households would need to either earn above the median or consider homes below $345,000.
Is Biddeford a good place to buy a home in 2026?
Biddeford has a moderate cost of living with a cost of living index of 102.5 (national average = 100). The property tax rate in Maine is 1.3%, which is near the national average. Biddeford has a population of 22,668 and offers a balanced 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 Biddeford, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.