Compare Today’s Mortgage Rates in South Berwick, Maine 03908
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in South Berwick, Maine 03908.
Our search engine thoroughly explores all home mortgage options in South Berwick, Maine 03908, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $30,102 in lifetime cash or $84 per month in South Berwick and other areas of York county.
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Summary of Average Mortgages in South Berwick, Maine 03908
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for South Berwick, Maine 03908
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in South Berwick, ME 03908. 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 South Berwick, Maine 03908 from 2024 - 2016
We have compiled mortgage rates charts for home loans in South Berwick, Maine and around York 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 | 94.23% | 91.01% | 92.26% | 93.69% | 90.28% | 90.35% | 86.23% | 88.89% | 90.34% |
| avg mortgage rate | 6.60% | 4.70% | 3.07% | 3.32% | 4.41% | 4.61% | 4.16% | 3.88% | 4.02% |
| % 15 year fixed mortgage | 3.85% | 6.85% | 6.50% | 4.37% | 6.90% | 6.75% | 10.12% | 10.10% | 8.70% |
| avg mortgage rate | 6.06% | 3.74% | 2.51% | 2.88% | 3.85% | 4.16% | 3.47% | 3.04% | 3.33% |
| Avg credit score | 757.43 | 773.37 | 751.76 | 751.50 | 753.12 | 751.76 | 749.12 | 742.59 | 755.96 |
| Avg LTV (loan to value) | 83.12% | 82.08% | 83.85% | 85.30% | 83.10% | 83.45% | 83.13% | 85.96% | 83.91% |
| Avg DTI (debt to income) | 37.21 | 34.79 | 33.30 | 33.53 | 33.28 | 32.96 | 32.05 | 32.32 | 31.03 |
| % First time homebuyer | 41.35% | 32.12% | 23.07% | 35.19% | 31.97% | 24.76% | 29.15% | 29.29% | 24.64% |
| Avg mortgage insurance % | 16.11% | 13.60% | 14.56% | 16.58% | 13.95% | 14.33% | 14.79% | 17.54% | 14.43% |
Best Mortgage Brokers around South Berwick, Maine 03908
For those searching for a new home in South Berwick, we have compiled a list of the top mortgage brokers located in and around South Berwick, Maine 03908 to assist you with your search.
Name
Address
Contact
Seacoast Family Mortgage
775 US Route 1
York ME 03908
(207) 361-5363
http://www.seacoastfamilymortgage.com
Power Home Mortgage
226 York St
York ME 03908
(207) 351-8016
Seacoast Family Mortgage
55 Meadowlark Dr
York ME 03908
(207) 251-0633
http://seacoastreversemortgage.com
Salem Five Cents Mortgage
433 US Route 1
York ME 03908
(207) 363-8282
http://salemfive.com
PMAC Lending Services
433 US Route 1
York ME 03908
(207) 337-6048
linda.petersdrake@pmac.com
Address
775 US Route 1
York ME
Contact
(207) 361-5363
http://www.seacoastfamilymortgage.com
Address
226 York St
York ME
Contact
(207) 351-8016
Address
55 Meadowlark Dr
York ME
Contact
(207) 251-0633
http://seacoastreversemortgage.com