Mortgage Rates in Berwick, Maine — March 2026
Updated March 2026 | Based on Berwick market data and regional lending conditions
Berwick is a smaller Maine community of 32,786 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.78% (0.13% above the national average). The median home price of $345,000 translates to roughly $2,210/month with 20% down — requiring an income of about $94,714, which exceeds the local median of $50,000.
Current Mortgage Rates in Berwick, ME
Below are the current average mortgage rates available in the Berwick 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 | 6.78% | 6.65% | +0.13% |
| 15-Year Fixed | 6.02% | 5.89% | +0.13% |
| 5/1 ARM | 6.27% | 6.15% | +0.12% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.03% | 6.85% | +0.18% |
Berwick Housing Market Overview
Housing in Berwick sits near the national average at $345,000. With a median household income of $50,000 and a cost of living index of 103.4, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Berwick
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Berwick:
15-Year vs. 30-Year Mortgage in Berwick
Choosing a 15-year mortgage in Berwick at 6.02% instead of a 30-year at 6.78% would save you $226,800 in total interest over the life of the loan. However, your monthly payment would be $2,332 instead of $1,796 — an increase of $536 per month.
Calculate Your Berwick 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 Berwick
What are the current mortgage rates in Berwick, ME?
As of March 2026, the average 30-year fixed mortgage rate in Berwick, Maine is 6.78%, while the 15-year fixed rate is 6.02%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.13% above the national average of 6.65%.
How much is a monthly mortgage payment in Berwick?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Berwick is $1,796 for principal and interest. Including property taxes of $414/month, the total monthly housing cost is approximately $2,210.
What income do I need to buy a home in Berwick?
Using the 28% rule, you would need an annual income of approximately $94,714 to afford the median-priced home in Berwick at $345,000. The median household income in Berwick is $50,000. This means most households would need to either earn above the median or consider homes below $345,000.
Is Berwick a good place to buy a home in 2026?
Berwick has a moderate cost of living with a cost of living index of 103.4 (national average = 100). The property tax rate in Maine is 1.44%, which is near the national average. Berwick has a population of 32,786 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 Berwick, Maine area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.