Compare Today’s Mortgage Rates for Gorham, Maine

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Gorham, Maine 04038. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $10,521 or $29 / month in Gorham and surrounding areas of Cumberland county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Gorham, Maine 04038.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

43.684329 -70.467968

Summary of Average Mortgage Terms in Gorham, Maine 04038

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Gorham, ME

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Gorham, ME 04038, 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 Gorham, ME

Historical Mortgage Rates for Gorham, Maine 04038 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Gorham, 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 Gorham, Maine 04038

If you’re looking to buy a new home in Gorham, we have compiled a list of the leading mortgage brokers around Gorham, Maine 04038 to help you with your search.

Name
Address
Contact

American Dream Home Loan Co.

5 Samuels Way

Gorham ME 04038

(207) 839-2081

sarah@americandreamhomeloanco.com

Keniston Mortgage Service

58 Queen St

Gorham ME 04038

(207) 642-5808

Big Horizon Mortgage

35 Western Ave

Kennebunk ME 04038

(207) 985-4808

sse@bighorizonmortgage.com

Consumers First Mortgage

80 Portland Rd

Kennebunk ME 04038

(207) 985-2895

info@consumers1stmortgage.com

Residential Mortgage Service

63 Portland Rd

Kennebunk ME 04038

(207) 985-9975

http://www.rmsmortgage.com

Address

5 Samuels Way

Gorham ME

Contact

(207) 839-2081

sarah@americandreamhomeloanco.com

Address

58 Queen St

Gorham ME

Contact

(207) 642-5808

Address

35 Western Ave

Kennebunk ME

Contact

(207) 985-4808

sse@bighorizonmortgage.com

News on Mortgages and Reverse Mortgages for Gorham, Maine 04038