Compare Today’s Mortgage Rates for Hallowell, Maine
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Hallowell, Maine 04347. 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 $17,280 or $48 / month in Hallowell and other areas of Kennebec county.
Our search engine explores all home mortgage options in Hallowell, Maine 04347, 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 Hallowell, Maine 04347
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Hallowell, ME
To forecast and predict mortgage rates in Hallowell, ME 04347, 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 Hallowell, Maine 04347 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Hallowell, Maine and around Kennebec 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 Hallowell, Maine 04347
If you’re looking to buy a new home in Hallowell, we have compiled a list of the leading mortgage brokers around Hallowell, Maine 04347 to help you with your search.
Name
Address
Contact
Metlife Home Loans
15 Range Way
Manchester ME 04347
(207) 623-6440
Maine Home Preservation
67 Toothaker Rd
Richmond ME 04347
(207) 737-4511
Finance Authority Of Maine
5 Community Dr
Augusta ME 04347
(207) 623-3263
nextgen@famemaine.com
OneMain Financial
12 Shuman Ave
Augusta ME 04347
(207) 626-3556
http://branches.onemainfinancial.com/me/augusta/12-shuman-ave.html
Residential Mortgage Service
45 Memorial Cir
Augusta ME 04347
(207) 629-5555
info@rmsmortgage.com
Address
15 Range Way
Manchester ME
Contact
(207) 623-6440
Address
67 Toothaker Rd
Richmond ME
Contact
(207) 737-4511
Address
5 Community Dr
Augusta ME
Contact
(207) 623-3263
nextgen@famemaine.com