Bank Financing in Bangor/Waterville Maine

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Bank Financing in Bangor/Waterville Maine

Jared Owen
Rental Property Investor · Carver, MA · Member since 2018 · 3 posts · 0 votes

Hey,

I'm looking to buy a multifamily in the Bangor or Waterville Maine area to house hack. I current live in Massachusetts and would love to move out of the state. Does anyone have a suggestion on what bank to use for a mortgage? Also do you need to be pre approved before a real estate agent will work with you?

Thanks in advance.

Ps. I'm not looking for private money

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Ed Emmons
Specialist · Milford, ME · Member since 2016 · 630 posts · 378 votes
4y

As for an agent you could use Gus Ofili, primarily in the Bangor area. As for a bank, First National is the top investor bank and you might try One Financial for long term fixed rates on 4 units and under.. if you need contact info, pm me.

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  • Jared Owen
    OP
    Rental Property Investor · Carver, MA · Member since 2018 · 3 posts · 0 votes
    4y

    @Alex Ferguson

    I'm looking for a 30 year mortgage for my first deal. After getting my first investment property and getting the ins and outs under my belt then OPM might be an option.

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  • Lien VuongBusiness Member
    Real Estate Agent · Boston, MA · Member since 2018 · 2k+ posts · 1k+ votes
    4y

    @Dan Weber can you make any recommendations?

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  • Alex Talcott
    Attorney · Durham, NH · Member since 2019 · 292 posts · 126 votes
    4y

    Hello from a fellow New Englander (and previous Massachusetts resident).

    I'd be glad to share some thoughts on experiences with area banks. You're welcome to message me.

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  • Ed Emmons
    Specialist · Milford, ME · Member since 2016 · 630 posts · 378 votes
    4y

    As for an agent you could use Gus Ofili, primarily in the Bangor area. As for a bank, First National is the top investor bank and you might try One Financial for long term fixed rates on 4 units and under.. if you need contact info, pm me.

    1Reply
  • Chris Cogan
    Investor · Saco, ME · Member since 2018 · 34 posts · 9 votes
    4y

    Bangor Savings Bank works well with real estate investors from personal experience. Maine has a lot of small banks/credit unions that I’m sure would be good as well. 

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  • Bethany TuronPro Member
    Property Manager · Durham, ME · Member since 2019 · 179 posts · 102 votes
    4y

    @Jared Owen What kind of mortgage are you looking to get, commercial or residential?

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