Compare Today’s Mortgage Rates for Portland, Maine
Pureloan searches all major banks and mortgage lenders for the best home loan rates in Portland, Maine 04124. We provide popular mortgage brokers in your area and a detailed analysis of your home loan payments. For 30-year fixed, expected lifetime cash savings are $43,446 or $121 / month in Portland 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 Portland, Maine 04124.
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Summary of Average Mortgage Terms in Portland, Maine 04124
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Historical Mortgage Rates for Portland, Maine 04124 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Portland, Maine and around Cumberland county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|---|---|---|
| % 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% |
| % 10 year fixed mortgage | 0.17% | 0.72% | 0.40% | 0.39% | 0.22% | 0.37% | 0.25% | 0.61% |
| avg mortgage rate | 4.44% | 3.59% | 3.10% | 3.63% | 3.41% | 3.20% | 3.28% | 3.22% |
| 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 Combined LTV (loan to value) | 77.30% | 77.67% | 79.98% | 81.01% | 81.75% | 82.87% | 82.26% | 81.89% |
| 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 Portland, Maine 04124
If you’re looking to buy a new home in Portland, we have compiled a list of the leading mortgage brokers around Portland, Maine 04124 to help you with your search.
Name
Address
Contact
McLain Title
19 Pennell Ave
Portland ME 04124
(207) 807-7459
mclaintitle@gmail.com
American Home
101 McAlister Farm Rd
Portland ME 04124
(207) 775-0008
Lender's Network
927 Forest Ave
Portland ME 04124
(207) 797-3300
http://www.lendersnetwork.biz
Mayberry Financial Corporation
1321 Washington Ave
Portland ME 04124
(207) 553-4333
Jeffrey Davison
1321 Washington Ave
Portland ME 04124
(207) 878-7770
Address
19 Pennell Ave
Portland ME
Contact
(207) 807-7459
mclaintitle@gmail.com
Address
101 McAlister Farm Rd
Portland ME
Contact
(207) 775-0008
Address
927 Forest Ave
Portland ME
Contact
(207) 797-3300
http://www.lendersnetwork.biz