Compare Today’s Mortgage Rates for Franklin, Maine
Pureloan searches mortgage lenders and major banks in Franklin, Maine 04634 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 $9,864 or $27 / month is expected in Franklin and other areas of Hancock county.
Pureloan’s search engine explores all home mortgage options in Franklin, Maine 04634, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Franklin, Maine 04634
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Interactive Mortgage Rate Projections for Franklin, ME
To forecast and predict mortgage rates in Franklin, ME 04634, 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 Franklin, Maine 04634 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Franklin, Maine and around Hancock 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 | 82.29% | 79.43% | 84.04% | 83.13% | 87.33% | 86.73% | 89.10% | 87.42% |
| avg mortgage rate | 4.94% | 4.67% | 3.90% | 3.98% | 4.46% | 4.12% | 3.91% | 4.15% |
| % 15 year fixed mortgage | 13.57% | 15.30% | 12.99% | 13.77% | 9.80% | 10.19% | 8.38% | 8.83% |
| avg mortgage rate | 4.32% | 3.88% | 3.20% | 3.18% | 3.45% | 3.28% | 3.10% | 3.29% |
| Avg credit score | 764.42 | 763.11 | 763.52 | 758.95 | 754.09 | 756.38 | 752.89 | 753.16 |
| Avg LTV (loan to value) | 76.70% | 78.95% | 80.55% | 81.19% | 82.99% | 82.44% | 82.97% | 81.60% |
| Avg DTI (debt to income) | 30.40 | 30.15 | 29.63 | 31.00 | 31.86 | 31.54 | 32.46 | 33.09 |
| % First time homebuyer | 23.70% | 25.85% | 20.97% | 25.39% | 29.65% | 28.22% | 26.47% | 25.61% |
| Avg mortgage insurance % | 5.65% | 7.88% | 10.81% | 11.55% | 13.34% | 13.17% | 13.78% | 12.11% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Franklin, Maine 04634
If you’re looking to buy a new home in Franklin, we have compiled a list of the leading mortgage brokers around Franklin, Maine 04634 to help you with your search.
Wells Fargo Home Mortgage
9 Resort Way
Ellsworth ME 04634
(207) 664-0267
http://www.wellsfargo.com/mortgage/
Northeast Modular Homes
6 Forrest Ave
Ellsworth ME 04634
(207) 667-7727
http://www.northeastmodular.com
Universal Mortgage Corporation
54 Oak St
Ellsworth ME 04634
(207) 664-0100
norman@universalmortgageinc.com
Coastal Mortgage
104 Main St
Ellsworth ME 04634
(207) 667-8399
coastal@downeast.net
Mdi Mortgage Group
27 Greeley Ave
Bar Harbor ME 04634
(207) 288-2881
http://www.mdimortgage.com/
Address
9 Resort Way
Ellsworth ME
Contact
(207) 664-0267
http://www.wellsfargo.com/mortgage/
Address
6 Forrest Ave
Ellsworth ME
Contact
(207) 667-7727
http://www.northeastmodular.com
Address
54 Oak St
Ellsworth ME
Contact
(207) 664-0100
norman@universalmortgageinc.com