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

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

News on Mortgages and Reverse Mortgages for Portland, Maine 04124