Compare Today’s Refinance Rates for Patten, Maine 04765
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Patten, Maine 04765.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,157 over the lifetime of your mortgage, which translates to a monthly savings of $9 in Patten and other areas of Penobscot county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
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Summary of Average Refinances in Patten, Maine 04765
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Refinance Rate Projections for Patten, Maine 04765
Pureloan has developed an interactive chart to monitor the five largest local lenders in Patten, ME 04765, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Patten, Maine 04765 from 2024 - 2016
The following historical data provides insights into refinancing trends in Patten, Maine and the surrounding Penobscot county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 71.43% | 60.53% | 52.40% | 49.36% | 62.90% | 50.77% | 55.66% | 50.61% | 53.38% |
avg refi rate | 6.08% | 3.92% | 3.01% | 3.16% | 4.17% | 4.55% | 3.99% | 3.87% | 4.01% |
% 15 year fixed refinance | 28.57% | 26.32% | 28.75% | 32.01% | 26.61% | 36.92% | 29.25% | 31.10% | 32.33% |
avg refi rate | 6.06% | 2.95% | 2.45% | 2.66% | 3.45% | 3.77% | 3.23% | 2.93% | 3.00% |
Avg credit score | 773.86 | 727.75 | 749.93 | 760.57 | 755.06 | 735.62 | 743.81 | 751.91 | 749.12 |
Avg LTV (loan to value) | 43.71% | 64.20% | 67.47% | 69.47% | 71.64% | 72.78% | 69.74% | 70.19% | 73.05% |
Avg DTI (debt to income) | 33.14 | 33.45 | 28.80 | 28.84 | 30.64 | 32.22 | 28.72 | 28.21 | 29.50 |
Avg refinance insurance % | 1.13% | 2.24% | 2.89% | 3.98% | 4.03% | 3.75% | 3.56% | 4.68% |
Best Refinance Brokers around Patten, Maine 04765
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Patten, Maine 04765, we have compiled a list of top refinance brokers to assist you in the process.
Name
Address
Contact
Jay Gallagher
Loan Officer
36 Portland Road
Kennebunk, MA 04765
(800) 860-8821
jgallagher@camdennational.com
Glenn Hood
Mortgage Sales Manager
27 Washington St Ste 1D
Camden, ME 04765
(207) 975-1876
ghood@northeastbank.com
Address
36 Portland Road
Kennebunk, MA
Contact
(800) 860-8821
Fax (301) 639-0804
jgallagher@camdennational.com
Address
27 Washington St Ste 1D
Camden, ME
Contact
(207) 975-1876
Fax (301) 639-0804
ghood@northeastbank.com