Compare Today’s Mortgage Rates for Biddeford, Maine
Pureloan searches mortgage lenders and major banks in Biddeford, Maine 04007 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $24,677 or $69 / month is expected in Biddeford and other areas of York county.
Pureloan’s search engine explores all home mortgage options in Biddeford, Maine 04007, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Biddeford, Maine 04007
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Interactive Mortgage Rate Projections for Biddeford, ME
To forecast and predict mortgage rates in Biddeford, ME 04007, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Biddeford, Maine 04007 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Biddeford, Maine and around York county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 87.25% | 84.08% | 86.29% | 87.05% | 89.57% | 86.76% | 89.38% | 90.13% |
| avg mortgage rate | 4.94% | 4.68% | 3.90% | 4.00% | 4.44% | 4.11% | 3.89% | 4.08% |
| % 15 year fixed mortgage | 9.27% | 12.15% | 9.79% | 10.68% | 7.86% | 9.72% | 7.93% | 7.82% |
| avg mortgage rate | 4.40% | 3.94% | 3.19% | 3.10% | 3.46% | 3.22% | 3.09% | 3.18% |
| Avg credit score | 761.54 | 764.61 | 764.20 | 761.82 | 756.84 | 756.84 | 753.43 | 753.18 |
| Avg LTV (loan to value) | 74.37% | 74.96% | 77.08% | 78.75% | 80.15% | 79.47% | 80.31% | 80.54% |
| Avg DTI (debt to income) | 32.43 | 32.04 | 31.99 | 32.54 | 33.15 | 33.66 | 33.76 | 33.93 |
| % First time homebuyer | 18.97% | 16.27% | 17.73% | 19.94% | 20.93% | 21.96% | 21.35% | 20.86% |
| Avg mortgage insurance % | 3.92% | 4.66% | 7.04% | 8.94% | 10.28% | 10.68% | 10.99% | 10.85% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Biddeford, Maine 04007
If you’re looking to buy a new home in Biddeford, we have compiled a list of the leading mortgage brokers around Biddeford, Maine 04007 to help you with your search.
Name
Address
Contact
Beneficial Finance Corporation
20 Edwards Ave
Biddeford ME 04007
(207) 283-2827
http://www.beneficial.com
Biddeford Pawn & Loan
193 Main St
Biddeford ME 04007
(207) 284-6500
sales@biddefordpawn.com
New England Moves Mortgage
82 Pleasant St
Brunswick ME 04007
(207) 721-0948
Key Bank
172 Maine St
Brunswick ME 04007
(207) 729-4161
http://key.com
Ace Cash Express
107 Pleasant St
Brunswick ME 04007
(207) 725-9031
customerservice@acecashexpress.com
Address
20 Edwards Ave
Biddeford ME
Contact
(207) 283-2827
http://www.beneficial.com
Address
193 Main St
Biddeford ME
Contact
(207) 284-6500
sales@biddefordpawn.com
Address
82 Pleasant St
Brunswick ME
Contact
(207) 721-0948