Compare Today’s Mortgage Rates for Dresden, Maine
Pureloan searches mortgage lenders and major banks in Dresden, Maine 04342 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 $10,991 or $31 / month is expected in Dresden and other areas of Lincoln county.
Pureloan’s search engine explores all home mortgage options in Dresden, Maine 04342, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Dresden, Maine 04342
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Interactive Mortgage Rate Projections for Dresden, ME
To forecast and predict mortgage rates in Dresden, ME 04342, 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 Dresden, Maine 04342 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Dresden, Maine and around Lincoln 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 | 88.24% | 86.25% | 86.66% | 87.86% | 89.76% | 87.38% | 88.76% | 90.06% |
| avg mortgage rate | 4.89% | 4.64% | 3.84% | 3.96% | 4.43% | 4.08% | 3.88% | 4.11% |
| % 15 year fixed mortgage | 8.66% | 10.58% | 10.21% | 9.35% | 7.71% | 10.07% | 8.69% | 7.16% |
| avg mortgage rate | 4.36% | 3.86% | 3.11% | 3.10% | 3.48% | 3.19% | 2.99% | 3.27% |
| Avg credit score | 762.57 | 763.05 | 762.45 | 761.54 | 756.03 | 754.16 | 750.83 | 751.37 |
| Avg LTV (loan to value) | 77.62% | 79.07% | 80.74% | 82.48% | 84.02% | 83.27% | 83.30% | 81.85% |
| Avg DTI (debt to income) | 31.92 | 31.47 | 30.64 | 31.68 | 32.78 | 33.07 | 33.51 | 34.38 |
| % First time homebuyer | 25.84% | 28.65% | 24.92% | 26.72% | 32.51% | 34.85% | 32.44% | 33.83% |
| Avg mortgage insurance % | 5.98% | 7.87% | 9.80% | 11.97% | 14.71% | 13.97% | 13.84% | 12.13% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Dresden, Maine 04342
If you’re looking to buy a new home in Dresden, we have compiled a list of the leading mortgage brokers around Dresden, Maine 04342 to help you with your search.
Consumer Credit Protection Bur
76 Northern Ave
Gardiner ME 04342
(207) 624-8527
http://www.maine.gov/pfr/consumercredit/index.shtml
Kennebec Savings Bank
35 Bridge St
Gardiner ME 04342
(207) 588-5801
http://www.kennebecsavings.com
Mortgage Network
690 Maine Ave
Farmingdale ME 04342
(207) 213-4656
http://www.mortgagenetwork.com
Cross River Mortgage
690 Maine Ave
Farmingdale ME 04342
(207) 512-4909
http://crossrivermortgageme.com
Finance Authority Of Maine
5 Community Dr
Augusta ME 04342
(207) 623-3263
nextgen@famemaine.com
Address
76 Northern Ave
Gardiner ME
Contact
(207) 624-8527
http://www.maine.gov/pfr/consumercredit/index.shtml
Address
35 Bridge St
Gardiner ME
Contact
(207) 588-5801
http://www.kennebecsavings.com
Address
690 Maine Ave
Farmingdale ME
Contact
(207) 213-4656
http://www.mortgagenetwork.com