Compare Today’s Mortgage Rates for Peaks Island, Maine
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Peaks Island, Maine 04108. 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 $29,040 or $81 / month in Peaks Island 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 Peaks Island, Maine 04108.
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Summary of Average Mortgage Terms in Peaks Island, Maine 04108
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Interactive Mortgage Rate Projections for Peaks Island, ME
To forecast and predict mortgage rates in Peaks Island, ME 04108, 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 Peaks Island, Maine 04108 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Peaks Island, 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 | 88.08% | 84.27% | 83.70% | 85.53% | 86.28% | 85.94% | 86.42% | 84.05% |
| avg mortgage rate | 4.92% | 4.62% | 3.90% | 4.00% | 4.44% | 4.12% | 3.93% | 4.14% |
| % 15 year fixed mortgage | 8.79% | 11.08% | 13.20% | 12.11% | 11.26% | 11.12% | 11.11% | 12.27% |
| avg mortgage rate | 4.36% | 3.88% | 3.13% | 3.12% | 3.40% | 3.18% | 3.00% | 3.23% |
| Avg credit score | 763.37 | 762.43 | 764.19 | 761.33 | 758.06 | 756.49 | 755.03 | 755.54 |
| Avg LTV (loan to value) | 76.69% | 77.29% | 79.58% | 80.72% | 81.41% | 82.66% | 82.05% | 81.48% |
| Avg DTI (debt to income) | 30.31 | 30.67 | 30.25 | 30.93 | 31.88 | 32.04 | 32.66 | 32.87 |
| % First time homebuyer | 29.68% | 27.02% | 27.82% | 25.00% | 32.37% | 32.09% | 31.60% | 31.13% |
| Avg mortgage insurance % | 4.91% | 6.11% | 9.26% | 10.22% | 11.97% | 13.15% | 12.59% | 11.97% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Peaks Island, Maine 04108
If you’re looking to buy a new home in Peaks Island, we have compiled a list of the leading mortgage brokers around Peaks Island, Maine 04108 to help you with your search.
Name
Address
Contact
Merrimack Mortgage Company
305 Commercial St
Portland ME 04108
(207) 593-8767
Maine National Mortgage
25 Pearl St
Portland ME 04108
(207) 773-5850
Amal USA
118 Anderson St
Portland ME 04108
(207) 797-3377
Maine Home Mortgage
5 Milk St
Portland ME 04108
(207) 871-1001
info@mainehomemortgage.com
Guaranteed Rate
63 Marginal Way
Portland ME 04108
(207) 331-4700
http://www.guaranteedrate.com/
Address
305 Commercial St
Portland ME
Contact
(207) 593-8767
Address
25 Pearl St
Portland ME
Contact
(207) 773-5850
Address
118 Anderson St
Portland ME
Contact
(207) 797-3377