Compare Today’s Mortgage Rates for Lovell, Maine
Pureloan searches mortgage lenders and major banks in Lovell, Maine 04051 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 $17,280 or $48 / month is expected in Lovell and other areas of Oxford county.
Pureloan’s search engine explores all home mortgage options in Lovell, Maine 04051, 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 Lovell, Maine 04051
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APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Lovell, ME
To forecast and predict mortgage rates in Lovell, ME 04051, 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 Lovell, Maine 04051 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Lovell, Maine and around Oxford 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 Lovell, Maine 04051
If you’re looking to buy a new home in Lovell, we have compiled a list of the leading mortgage brokers around Lovell, Maine 04051 to help you with your search.
Name
Address
Contact
Highland Mortgage Co.
966 Roosevelt Trl
Naples ME 04051
(207) 693-5500
http://www.mortgagenetwork.com/
Merrimack Mortgage Company
305 Commercial St
Portland ME 04051
(207) 593-8767
Maine National Mortgage
25 Pearl St
Portland ME 04051
(207) 773-5850
Amal USA
118 Anderson St
Portland ME 04051
(207) 797-3377
Maine Home Mortgage
5 Milk St
Portland ME 04051
(207) 871-1001
info@mainehomemortgage.com
Address
966 Roosevelt Trl
Naples ME
Contact
(207) 693-5500
http://www.mortgagenetwork.com/
Address
305 Commercial St
Portland ME
Contact
(207) 593-8767
Address
25 Pearl St
Portland ME
Contact
(207) 773-5850