Compare Today’s Mortgage Rates in Westbrook, Maine 04098
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Westbrook, Maine 04098.
Our search engine thoroughly explores all home mortgage options in Westbrook, Maine 04098, 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 $16,726 in lifetime cash or $46 per month in Westbrook and other areas of Cumberland county.
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Summary of Average Mortgages in Westbrook, Maine 04098
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Westbrook, Maine 04098
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Westbrook, ME 04098. 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 Westbrook, Maine 04098 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Westbrook, Maine and around Cumberland 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 | 94.56% | 92.62% | 92.83% | 91.46% | 89.20% | 88.15% | 82.75% | 82.40% | 80.48% |
| avg mortgage rate | 6.55% | 4.63% | 3.05% | 3.38% | 4.41% | 4.68% | 4.24% | 3.87% | 4.12% |
| % 15 year fixed mortgage | 4.08% | 5.94% | 5.08% | 6.02% | 7.29% | 8.81% | 14.33% | 14.08% | 14.74% |
| avg mortgage rate | 5.92% | 4.12% | 2.54% | 2.79% | 3.72% | 4.05% | 3.46% | 3.09% | 3.26% |
| Avg credit score | 748.02 | 768.60 | 749.35 | 753.22 | 751.77 | 753.52 | 753.46 | 755.00 | 757.40 |
| Avg LTV (loan to value) | 76.52% | 80.58% | 82.55% | 82.75% | 82.40% | 80.31% | 81.11% | 81.19% | 80.44% |
| Avg DTI (debt to income) | 34.82 | 34.90 | 33.06 | 32.87 | 34.20 | 33.72 | 32.96 | 31.08 | 31.46 |
| % First time homebuyer | 37.41% | 34.43% | 28.40% | 28.35% | 29.15% | 21.88% | 21.05% | 20.23% | 21.12% |
| Avg mortgage insurance % | 10.94% | 12.61% | 12.24% | 13.60% | 13.78% | 10.55% | 11.46% | 11.38% | 10.71% |
Best Mortgage Brokers around Westbrook, Maine 04098
For those searching for a new home in Westbrook, we have compiled a list of the top mortgage brokers located in and around Westbrook, Maine 04098 to assist you with your search.
Name
Address
Contact
Certegy
2 Ledgeview Dr
Westbrook ME 04098
(207) 774-3612
Foley
90 Bridge St
Westbrook ME 04098
(207) 854-2007
Atlantic Coast Lending
17 Walker St
Westbrook ME 04098
(207) 591-5573
http://www.atlanticcoastlending.com/
Mortgage Network
100 Larrabee Rd
Westbrook ME 04098
(207) 591-6670
info@mortgagenetwork.net
Fortune Capital Group
27 Main St
Westbrook ME 04098
(207) 775-6435
info@fortunecapitalgroup.net
Address
2 Ledgeview Dr
Westbrook ME
Contact
(207) 774-3612
Address
90 Bridge St
Westbrook ME
Contact
(207) 854-2007
Address
17 Walker St
Westbrook ME
Contact
(207) 591-5573
http://www.atlanticcoastlending.com/