When you partner with Blue Water Mortgage, expert loan officers guide you through every step of the home-buying process with one focus: finding the right mortgage for your goals.
Not all mortgage lenders are the same. When you’re buying a home in Maine, the lender you choose affects everything from your interest rate to how smoothly closing goes.
Here’s what to look for when comparing your options.
We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refi…
Blue Water made the entire process a breeze. They were extremely responsive, knowledgeable and approachable with all of our q…
They were wonderful to work with. I highly recommend them. Not only were they able to get me the best/lowest rate easily but …
It is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was able to close faster than mu…
Blue Water Mortgage is fantastic! We just recently refinanced with them again, and it was smooth sailing. We contacted them a…
As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to …
We had a very quick home search process Kristina and Paula made it happen for us! Kristina was in constant communication to k…
We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refinancing. Kristina Young especially made the process easy and everyone we worked with was very responsive, worked diligently and happily answer questions along the way. I would definitely use Blue Water Mortgage again in the future and would highly recommend.
Blue Water made the entire process a breeze. They were extremely responsive, knowledgeable and approachable with all of our questions. We will be recommending them to our family and friends for sure!
They were wonderful to work with. I highly recommend them. Not only were they able to get me the best/lowest rate easily but they respond very quickly to emails. It made the whole process as stress free as possible.
It is rare to find a business that is so dedicated to its customer base. Blue Water Mortgage was able to close faster than much larger firms. Blue Water Mortgage maintained a constant, very professional communication throughout the mortgage process, which was very helpful since I was a first time home buyer. It was a pleasure doing business with this great company, and I would recommend them to anyone looking to purchase a home!
Blue Water Mortgage is fantastic! We just recently refinanced with them again, and it was smooth sailing. We contacted them and within days had a quote, and within two weeks closed! They are fantastic to work with, every step of the way. Answering detailed questions, available 24/7, amazing customer service. We felt like we were their only clients and taken care of every step of the way. I can’t say enough wonderful things about Roger and his team at BWM. Amazing, hard working, excellent customer service, trusting and knowledgeable! My highest recommendation for this group!!
As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to get pre-approved and we were fortunate enough to work with Rick Schlager. Even before we made an offer, Rick was extremely helpful and made sure we would be able to get approved for the condo we ended up falling in love with. Once the actual closing process started we stuck with Blue Water since our experience had been so positive thus far. They also have lawyers who will look over your P&S free of charge, which is a GREAT help during the stressful process. Rick was always available to answer our never ending questions, no matter how simple or small. I would 100% recommend Blue Water to anyone, especially first time home buyers. They made the entire process seamless.
We had a very quick home search process Kristina and Paula made it happen for us! Kristina was in constant communication to keep us in the loop for what documents were needed, how to secure the financing, and actually had her team review everything thoroughly to make sure we were getting the best rate, best monthly payment, and best closing costs possible. It was nice to see that Blue Water will do anything in their power to make sure that they have happy clients who were able to obtain and secure the mortgage. I’m very thankful and would recommend them to anyone looking to either buy a home or refinance!
Our Maine Loan Officers
The Blue Water Mortgage team combines local insight with years of experience to help you find the right Maine mortgage with confidence. Get to know the team that’s here to guide you.
Meet Our Loan Officers
The short answer is yes. If you’re purchasing a property that won’t be your primary residence (with between one and four units), you fall into what’s called a non-owner occupied mortgage. Requirements for this type of loan are more stringent because they’re considered to have a higher risk of default by lenders.
Yes. The requirements for a jumbo loan are stricter because more money is involved, which means it’s riskier for the lender. You will need an excellent credit score and a low debt-to-income ratio. You will also need to be able to prove you can cover your payments.
If you’re a buyer looking for a bargain, a short sale is an option worth considering since sellers typically want to get rid of the property and are more apt to make a deal. Just keep in mind that this may be a lengthy process, and there’s always the chance that the property can still go into foreclosure during that time.
USDA and VA loans do not require a down payment.
