Compare Today’s Mortgage Rates for Freeport, Maine
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Freeport, Maine 04034. 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 $11,133 or $31 / month in Freeport and other areas of Cumberland county.
Our search engine explores all home mortgage options in Freeport, Maine 04034, 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 Freeport, Maine 04034
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Interactive Mortgage Rate Projections for Freeport, ME
To forecast and predict mortgage rates in Freeport, ME 04034, 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 Freeport, Maine 04034 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Freeport, Maine and around Cumberland 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 Freeport, Maine 04034
If you’re looking to buy a new home in Freeport, we have compiled a list of the leading mortgage brokers around Freeport, Maine 04034 to help you with your search.
Name
Address
Contact
Pine Tree Mortgage
174 S Freeport Rd
Freeport ME 04034
(207) 865-9722
Mortgage Network Inc.
541 US Route 1
Freeport ME 04034
(207) 417-7002
http://www.mortgagenetwork.com/
Keniston Mortgage Service
58 Queen St
Gorham ME 04034
(207) 642-5808
American Dream Home Loan Co.
5 Samuels Way
Gorham ME 04034
(207) 839-2081
sarah@americandreamhomeloanco.com
Ossipee Lake Mortgage
414 Sokokis Trl
East Waterboro ME 04034
(207) 247-2200
Address
174 S Freeport Rd
Freeport ME
Contact
(207) 865-9722
Address
541 US Route 1
Freeport ME
Contact
(207) 417-7002
http://www.mortgagenetwork.com/
Address
58 Queen St
Gorham ME
Contact
(207) 642-5808