Compare Today’s Mortgage Rates for Palermo, Maine
Pureloan searches mortgage lenders and major banks in Palermo, Maine 04354 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 $15,709 or $44 / month is expected in Palermo and other areas of Waldo county.
Pureloan’s search engine explores all home mortgage options in Palermo, Maine 04354, 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 Palermo, Maine 04354
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Palermo, ME
To forecast and predict mortgage rates in Palermo, ME 04354, 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 Palermo, Maine 04354 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Palermo, Maine and around Waldo 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 Palermo, Maine 04354
If you’re looking to buy a new home in Palermo, we have compiled a list of the leading mortgage brokers around Palermo, Maine 04354 to help you with your search.
Name
Address
Contact
Metlife Home Loans
15 Range Way
Manchester ME 04354
(207) 623-6440
Maine Home Preservation
67 Toothaker Rd
Richmond ME 04354
(207) 737-4511
Pine Tree Mortgage
676 Broadway
Bangor ME 04354
(207) 991-5000
Benchmark Mortgage
458 Main St
Bangor ME 04354
(207) 941-1150
http://www.bangormtg.com
OneMain Financial
6 Frost Dr
Bangor ME 04354
(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