Compare Today’s Mortgage Rates for Farmington, Maine

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Farmington, Maine 04938. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $31,535 or $88 / month in Farmington and other areas of Franklin county.

Our search engine explores all home mortgage options in Farmington, Maine 04938, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

44.665339 -70.132878

Summary of Average Mortgage Terms in Farmington, Maine 04938

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Farmington, ME

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Farmington, ME 04938, 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.

Local Mortgage Rates for Farmington, ME

Historical Mortgage Rates for Farmington, Maine 04938 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Farmington, Maine and around Franklin 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 81.91% 77.75% 76.36% 78.51% 83.42% 82.95% 83.89% 84.30%
avg mortgage rate 4.88% 4.67% 3.91% 4.00% 4.43% 4.09% 3.89% 4.11%
% 15 year fixed mortgage 13.07% 17.16% 17.73% 17.56% 13.48% 13.35% 12.68% 12.45%
avg mortgage rate 4.29% 3.86% 3.13% 3.22% 3.49% 3.23% 3.07% 3.32%
Avg credit score 765.70 760.39 762.48 758.51 754.58 754.10 746.51 749.94
Avg LTV (loan to value) 77.27% 78.81% 80.10% 81.43% 82.46% 82.09% 83.18% 83.26%
Avg DTI (debt to income) 30.51 30.30 30.37 30.49 31.59 31.94 32.58 32.59
% First time homebuyer 24.15% 20.78% 19.90% 26.25% 25.23% 23.80% 24.77% 27.08%
Avg mortgage insurance % 4.47% 6.92% 7.78% 9.47% 12.01% 11.43% 12.51% 12.29%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Farmington, Maine 04938

If you’re looking to buy a new home in Farmington, we have compiled a list of the leading mortgage brokers around Farmington, Maine 04938 to help you with your search.

Name
Address
Contact

Reliant Mortgage

184 Main St

Farmington ME 04938

(207) 860-4070

Apex Lending

10 Common St

Waterville ME 04938

(207) 872-5808

Stephen F Jordan Mtg Brokers

47 Main St

Waterville ME 04938

(207) 872-0826

http://www.refinancemaine.com/

OneMain Financial

14 Waterville Commons Dr

Waterville ME 04938

(207) 873-3276

http://www.onemainfinancial.com/

Griffin Associates

10 Center St

Waterville ME 04938

(207) 872-8689

Address

184 Main St

Farmington ME

Contact

(207) 860-4070

Address

10 Common St

Waterville ME

Contact

(207) 872-5808

Address

47 Main St

Waterville ME

Contact

(207) 872-0826

http://www.refinancemaine.com/

News on Mortgages and Reverse Mortgages for Farmington, Maine 04938