Marcus Lefebvre
Five star rating, no written review.
Scarborough, Maine
Scarborough mortgage broker for buyers who want a real human.
Travis Penny, a mortgage broker with Vision Mortgage in Portland (NMLS 1649161), helps clients buy and refinance homes in Scarborough, Maine. I compare FHA, VA, USDA, conventional, jumbo and self employed options for your file and tell you plainly which one fits.
Reviewed by Travis Penny, NMLS 1649161
Last reviewed September 29, 2026
Scarborough is the beach side of the Portland ring, with villages at Pine Point, Higgins Beach and Prouts Neck alongside inland neighborhoods further from the water. Jumbo loans, second homes and coastal insurance come up here more than almost anywhere else in Maine.
Travis Penny is a licensed mortgage broker (NMLS #1649161) with Vision Mortgage, LLC (NMLS #1286953), based at 352 Warren Avenue, Suite 6, Portland, Maine. He brokers FHA, VA, USDA, conventional, jumbo, and self employed home loans for buyers in Scarborough and Cumberland County, plus DSCR investor loans in the states listed on my Licensing page. Started in 2004 and I'm still here. Call or text (207) 615-7770.
Which mortgages can a broker arrange in Scarborough, Maine?
Travis Penny is a mortgage broker with Vision Mortgage based in Portland, Maine. In Scarborough, I arrange conventional, FHA, and VA one time close construction loans, bridge loans for buying before selling, DSCR loans for qualifying rentals, physician and nurse loans, and bank statement or 1099 mortgages. I review the property and your plans before recommending a program.
All loans are subject to credit and underwriting approval. Not all applicants will qualify. Program terms and availability can change. This page is for general education and is not a loan offer or a commitment to make a loan. Travis Penny, NMLS ID #1649161, is a mortgage broker with Vision Mortgage, LLC, NMLS #1286953. Equal Housing Opportunity.
Maine loans are what I do
Closing loans across Cumberland County and the rest of Maine. Real local underwriting know-how, no call centers.
Every major program
FHA, VA, USDA, conventional, jumbo, and self employed bank statement loans. Matched to your file, not the easiest one.
One person, start to finish
You talk to Travis from pre approval through closing. No handoffs to a processor in another time zone.
Loans I arrange in Scarborough
One time close construction (conventional, FHA, VA). A Scarborough lot may call for early review of site work, drainage, and utilities before conventional, FHA, or VA construction financing.
Bridge loans for buying before selling. A move into Scarborough while another home is listed calls for a realistic sale and purchase timeline.
DSCR investor loans. Check the insurance and applicable rental rules on a Scarborough investment property, especially near the coast.
Physician and nurse loans. Scarborough healthcare buyers should weigh their commute and property type when comparing nurse or physician financing.
Bank statement and 1099 loans. For a Scarborough home purchase, bank statement and 1099 paths depend on the documented business income and property.
Neighborhoods and villages in Scarborough
- Pine Point
- Higgins Beach
- Prouts Neck
- Oak Hill
- Dunstan
- Blue Point
- North Scarborough
- Pleasant Hill
- Eight Corners
What to know about buying in Scarborough
- Scarborough's beach villages at Pine Point, Higgins Beach and Prouts Neck carry a different profile than the inland neighborhoods around Oak Hill and North Scarborough. Location within town matters as much as the town itself.
- I confirm the current tax rate and assessment with the Town of Scarborough Assessing office on every file rather than relying on a prior owner's bill.
- Hannaford Supermarkets is headquartered in Scarborough.
- Scarborough Marsh and the beach villages sit in or near flood zones, so flood insurance and wind coverage are part of the payment conversation on coastal addresses. I check the FEMA flood map for the exact address.
- Some purchases here run above the conforming loan limit, which puts the file into jumbo territory. I place jumbo loans through multiple lenders rather than one bank's menu.
Official sources: Scarborough Assessing
Loan programs available in Scarborough
- FHA. 3.5% down with a score of 580 or higher, or 10% down with a score from 500 to 579, on an eligible primary home.
- VA. No down payment required for eligible service members, veterans, and qualifying surviving spouses with full entitlement, with no monthly mortgage insurance.
- USDA. No down payment required for eligible buyers on eligible rural and suburban addresses within household income limits.
- Conventional. 3% down for eligible first time buyers, typically 5% otherwise, 10% for second homes, and 15% to 25% for investment properties. Putting 20% down avoids PMI.
- Jumbo. for loan amounts above the county conforming limit.
- Self employed. bank statement and 1099 programs that don't punish you for tax write offs.
Other Maine city guides
How to start
The fastest first step is a five-minute scenario call. Bring your target purchase price, your down payment plan, and any credit concerns. I'll quote a realistic rate, payment, and cash-to-close range on the spot.
Cumberland County loan limits
For 2026 HUD sets the FHA one unit floor at $541,287 and FHFA sets the conforming one unit baseline at $832,750 (HUD Mortgagee Letter 2025-23, December 11, 2025; FHFA release, November 25, 2025). Cumberland and York counties carry a higher FHA limit than the floor because of the Portland area's prices. I confirm the exact county figure on your file before you shop.
Scarborough mortgage questions
What should I know about home prices in Scarborough, Maine?
Prices in Scarborough vary widely by village. The beach neighborhoods at Pine Point, Higgins Beach and Prouts Neck typically carry a premium over inland areas like Oak Hill and North Scarborough, and property type matters too, from a condo to a year round beach home. I pull current sales for the exact street before you make an offer.
What is the Scarborough tax rate?
I confirm the current rate and assessment with the Town of Scarborough Assessing office on every file rather than quoting a prior year's number.
Do I need a jumbo loan in Scarborough?
It depends on your loan amount relative to the conforming limit for Cumberland County. A meaningful share of Scarborough purchases end up in jumbo territory, and pricing and down payment rules differ by lender, so shopping it is where a broker earns the fee.
Can I live year round at Pine Point or Higgins Beach?
Yes. Both have year round homes alongside seasonal camps. Expect a flood zone check and coastal insurance quotes before we finalize the payment.
Do I need flood insurance near Scarborough Marsh?
If the property sits in a FEMA special flood hazard area, yes. I run the flood determination early so it never surprises you at closing.
Can I buy a second home in Scarborough?
Yes. Second home financing has its own down payment and occupancy rules, and the home has to be for your own use rather than a rental. Some out of state clients keep a Scarborough summer place this way.
Are there condo or age restricted communities in Scarborough?
Yes. Each project has its own lender review, and I check eligibility before you write an offer.
How does Scarborough compare to Saco or Westbrook?
Different price points, different tax pictures, and different commutes. I run the full monthly cost on any two houses you are weighing so you compare payments, not list prices.
Quick checklist
- FHA
- VA
- USDA
- Conventional
- Jumbo
- Self employed
Keep exploring
This information is general education, not a loan offer or a commitment to lend. Down payment and credit requirements vary by client, property, and lender, and program guidelines change. For your own numbers, call or text me at (207) 615-7770 or email Travis@travis.mortgage.
What clients say
Read all reviewsLaPlace Sallis
Travis was great to work with. We were able to close in less than three weeks.
Steven Retalic
Travis by far is the best Mortgage Broker I have ever worked with. I am happy to refer Travis to friends and family.
Want a real human to walk you through this?
I'll lay out your options in plain English. No pressure, no scripts.