Compare Today’s Mortgage Rates in Manchester, Maine 04351
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Manchester, Maine 04351.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $11,671 over the lifetime of your 30-year fixed loan, or a monthly savings of $32 in Manchester and other areas of Kennebec county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Manchester, Maine 04351
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Manchester, Maine 04351
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Manchester, ME 04351. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Manchester, Maine 04351 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Manchester, Maine and around Kennebec county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 95.84% | 91.25% | 89.29% | 88.81% | 84.87% | 83.38% | 80.93% | 82.02% | 82.19% |
| avg mortgage rate | 6.64% | 4.69% | 3.07% | 3.33% | 4.34% | 4.63% | 4.13% | 3.81% | 4.01% |
| % 15 year fixed mortgage | 3.32% | 7.01% | 8.06% | 8.54% | 11.67% | 11.74% | 13.99% | 11.44% | 11.67% |
| avg mortgage rate | 5.87% | 3.75% | 2.42% | 2.78% | 3.67% | 4.01% | 3.32% | 2.96% | 3.16% |
| Avg credit score | 744.71 | 746.36 | 757.06 | 755.05 | 753.92 | 759.99 | 749.73 | 751.24 | 755.51 |
| Avg LTV (loan to value) | 85.02% | 84.17% | 84.27% | 84.89% | 83.63% | 81.92% | 83.00% | 83.58% | 83.11% |
| Avg DTI (debt to income) | 34.94 | 34.54 | 32.86 | 33.21 | 33.21 | 32.68 | 32.40 | 31.45 | 31.53 |
| % First time homebuyer | 41.83% | 35.29% | 36.82% | 39.83% | 36.09% | 30.76% | 33.89% | 29.06% | 28.15% |
| Avg mortgage insurance % | 16.41% | 15.49% | 14.65% | 14.89% | 13.73% | 11.90% | 12.63% | 13.64% | 12.61% |
Best Mortgage Brokers around Manchester, Maine 04351
For those searching for a new home in Manchester, we have compiled a list of the top mortgage brokers located in and around Manchester, Maine 04351 to assist you with your search.
Name
Address
Contact
Metlife Home Loans
15 Range Way
Manchester ME 04351
(207) 623-6440
Maine Home Preservation
67 Toothaker Rd
Richmond ME 04351
(207) 737-4511
Pine Tree Mortgage
676 Broadway
Bangor ME 04351
(207) 991-5000
Benchmark Mortgage
458 Main St
Bangor ME 04351
(207) 941-1150
http://www.bangormtg.com
OneMain Financial
6 Frost Dr
Bangor ME 04351
(207) 942-3507
http://branches.onemainfinancial.com/me/bangor/6-frost-drive.html
Address
15 Range Way
Manchester ME
Contact
(207) 623-6440
Address
67 Toothaker Rd
Richmond ME
Contact
(207) 737-4511
Address
676 Broadway
Bangor ME
Contact
(207) 991-5000