Mortgage Broker in Scarborough, ME

Serving Scarborough, 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 Greater Portland and the southern Maine coast finance and refinance, from new construction to established neighborhoods. A bank can only offer its own loans. As a broker, we shop your mortgage across many lenders and fit it to the property, whether that’s a new build at The Downs, a cottage near Higgins Beach, or an older home in Dunstan.

Scarborough is one of the fastest-growing towns in Maine, a Portland suburb with a lot of range packed into it. Higgins Beach draws the surfers, Pine Point is an old fishing village with working clam flats, and Prouts Neck holds the gated summer estates and the studio where Winslow Homer painted. Inland you have the village centers at Oak Hill and Dunstan, and The Downs, the former harness-racing track that’s being built out into a big new mixed-use neighborhood. Right in the middle sits Scarborough Marsh, the largest salt marsh in Maine. Portland is about ten minutes up Route 1.

Scarborough Prices in 2026

Here’s where the market sits.

Sources: Zillow / Redfin / Movoto sale data and Town of Scarborough FY2026 tax data. We refresh these every quarter.

Buying New Construction at The Downs

A lot of what’s for sale in Scarborough right now is new, and new construction finances differently from an existing home. A build carries a timeline, deposits to the builder along the way, and sometimes a choice between a standard mortgage that closes when the house is done and a construction-to-permanent loan that funds the build and then rolls into your mortgage. The right structure depends on whether you’re buying a finished spec home or signing up for a house that isn’t built yet. We’ll walk through the options and coordinate with the builder’s schedule so your financing is ready when the house is.

From Prouts Neck to Pine Point

Few towns cover as much ground as Scarborough. The same town holds Prouts Neck estates, new subdivisions at The Downs, beach cottages at Higgins, working homes in Pine Point, and everyday neighborhoods around Oak Hill. That spread means the loan that fits one corner of Scarborough may not fit another. A high-end Prouts Neck price can top Maine’s $832,750 conforming limit and tip into a jumbo loan, which is a mortgage too large for the government-backed programs and carries its own rules. A first home in Dunstan might fit an FHA or a MaineHousing program instead. We start from the neighborhood and the price, then find the loan that fits.

The Marsh, the Rivers, and the Flood Map

Scarborough’s flood story starts with the marsh. Scarborough Marsh spreads across the middle of town, fed by the Nonesuch and Scarborough rivers, and the beaches at Higgins and Pine Point add ocean exposure on top of it. FEMA maps broad tidal zones through all of that, so a home near the marsh, the rivers, or the beach can carry a flood-insurance requirement, while the higher inland neighborhoods generally sit clear. We pull the determination on your specific address before you offer, so the premium is in your budget early. The map below shows the corridor.

Pan and zoom the live FEMA flood map over Scarborough 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.

Run Your Scarborough Closing Costs

Scarborough taxes homes at $11.68 per $1,000 (FY2027), and a lender typically collects about four months of that at closing to open your escrow. The calculator adds the Cumberland County Registry recording fees and the Maine transfer tax on any price you type.

Scarborough, ME Mortgage Questions, Answered

Can You Finance a New-Construction Home at The Downs?

Yes. Depending on whether the home is finished or still to be built, we'll set you up with a standard mortgage or a construction-to-permanent loan, and coordinate with the builder's timeline.

Will a Higher-End Scarborough Home Need a Jumbo Loan?

It can. When the price tops Maine's $832,750 single-family limit, the loan becomes a jumbo with its own rules. We shop jumbos across many lenders to find the best fit.

Do I Need Flood Insurance Near the Marsh?

Near the marsh, the rivers, or the beaches, often yes, since those are mapped tidal zones. Higher inland ground usually isn't. We confirm the determination on your exact address before you offer.

How Fast Can You Close on a Scarborough Home?

An existing home usually closes in about three to four weeks once you're under contract. A new build follows the construction timeline instead, and we keep the financing ready for it.