Compare Today’s Mortgage Rates for Swans Island, Maine
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Swans Island, Maine 04685. 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 $14,031 or $39 / month in Swans Island and surrounding areas of Hancock 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 Swans Island, Maine 04685.
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Summary of Average Mortgage Terms in Swans Island, Maine 04685
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Interactive Mortgage Rate Projections for Swans Island, ME
To forecast and predict mortgage rates in Swans Island, ME 04685, 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 Swans Island, Maine 04685 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Swans Island, Maine and around Hancock 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 | 82.29% | 79.43% | 84.04% | 83.13% | 87.33% | 86.73% | 89.10% | 87.42% |
| avg mortgage rate | 4.94% | 4.67% | 3.90% | 3.98% | 4.46% | 4.12% | 3.91% | 4.15% |
| % 15 year fixed mortgage | 13.57% | 15.30% | 12.99% | 13.77% | 9.80% | 10.19% | 8.38% | 8.83% |
| avg mortgage rate | 4.32% | 3.88% | 3.20% | 3.18% | 3.45% | 3.28% | 3.10% | 3.29% |
| Avg credit score | 764.42 | 763.11 | 763.52 | 758.95 | 754.09 | 756.38 | 752.89 | 753.16 |
| Avg LTV (loan to value) | 76.70% | 78.95% | 80.55% | 81.19% | 82.99% | 82.44% | 82.97% | 81.60% |
| Avg DTI (debt to income) | 30.40 | 30.15 | 29.63 | 31.00 | 31.86 | 31.54 | 32.46 | 33.09 |
| % First time homebuyer | 23.70% | 25.85% | 20.97% | 25.39% | 29.65% | 28.22% | 26.47% | 25.61% |
| Avg mortgage insurance % | 5.65% | 7.88% | 10.81% | 11.55% | 13.34% | 13.17% | 13.78% | 12.11% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Swans Island, Maine 04685
If you’re looking to buy a new home in Swans Island, we have compiled a list of the leading mortgage brokers around Swans Island, Maine 04685 to help you with your search.
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