Mortgage Broker in Ogunquit, ME

Serving Ogunquit, Maine, and based in Beverly, Massachusetts, GoldCoast Mortgage is a local, independent mortgage broker licensed in Maine (license #CSO5794). We help buyers and homeowners across Ogunquit and York County finance and refinance, including the seasonal cottages and condos that make up most of this market. A bank offers only its own products. As a broker, we shop your mortgage across many lenders and fit it to the property, whether that’s a condo near Perkins Cove, a cottage off Shore Road, or a year-round home up in the village.

Ogunquit is tiny and famous, a name that means “beautiful place by the sea” and mostly lives up to it. The Marginal Way footpath runs along the cliffs from the village down to Perkins Cove, the three-mile beach draws crowds all summer, and the Ogunquit Playhouse and the art museum give the town a long creative streak. It’s one of Maine’s best-known resort and arts communities, welcoming to everyone, and the year-round population is small. Most of the housing is seasonal: cottages, condos, and inns, at prices that reflect how much people want to be here.

What Ogunquit Costs in 2026

Here’s where the market stands.

Sources: Movoto / Redfin / Zillow sale data and Town of Ogunquit FY2025/2026 tax data. We refresh these every quarter.

Buying a Second Home or a Condo Here

Most people buying in Ogunquit are after a second home or a place to rent out during the season, and both finance differently than a primary residence. A second-home loan generally wants a larger down payment and comes with a slightly higher rate, and if you plan to rent the place when you’re away, the loan can shift toward investment terms. A lot of Ogunquit’s inventory is condos, which add a step: the lender reviews the building as well as you, looking at warrantability, the owner-occupancy share, and the association’s finances. Because we work with many lenders, when a building trips up one set of condo rules we can often find another lender whose guidelines fit.

A Town That Runs on the Season

Ogunquit fills up in summer and empties out in winter, and that rhythm shapes the market. Some condos and cottages are set up for weekly rentals, some associations limit what you can do, and prices here reflect scarcity as much as square footage. Since most purchases top Maine’s $832,750 conforming limit, a lot of these loans are jumbos, meaning a mortgage larger than the government-backed programs will buy. We’ll walk through how your intended use, full-time, seasonal, or rental, changes the loan, and if the home will be your primary residence we fold Maine’s $25,000 Homestead Exemption into the tax figure.

Barrier Beach, Cove, and River Flood Risk

Ogunquit’s flood picture is a real part of buying here. The main beach is a barrier beach, backed by the tidal Ogunquit River, and Perkins Cove sits right on the water, so FEMA maps broad coastal zones across the low ground, including high-hazard areas near the sand and the cove. A federally backed loan on a home in a mapped zone requires flood insurance, and near the water the premium can be substantial. We pull the determination and a real quote on your specific address before you offer. The map below shows the corridor.

Pan and zoom the live FEMA flood map over Ogunquit ME above. For an official determination on a specific address, look it up on FEMA’s map service center, or just send us the address and we’ll check it for you.

Ogunquit, ME Mortgage Questions, Answered

Can You Finance a Seasonal Cottage or a Rental in Ogunquit?

Yes. A second home and a rental finance differently from a primary residence, with different down payments and terms. We'll tell you which applies to your plans before you bid.

What Should I Know About Buying a Condo Here?

The building has to pass lender review for warrantability, owner-occupancy, and association finances. We check that early and match you to a lender comfortable with the building.

How Serious Is the Flood Risk?

Near the beach, the river, and Perkins Cove it's real, with broad and some high-hazard FEMA zones. We pull the determination and an insurance quote on any coastal address up front.

How Fast Can You Close on an Ogunquit Home?

A clean purchase usually closes in about three to four weeks once you're under contract. A condo or a beachfront home with a flood review can add a few days. We keep it tight.