Compare Today’s Refinance Rates for South Freeport, Maine 04078
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in South Freeport, Maine 04078.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $17,025 over the lifetime of your mortgage, which translates to a monthly savings of $47 in South Freeport and other areas of Cumberland 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.
Summary of Average Refinances in South Freeport, Maine 04078
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Interactive Refinance Rate Projections for South Freeport, Maine 04078
Pureloan has developed an interactive chart to monitor the five largest local lenders in South Freeport, ME 04078, 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 South Freeport, Maine 04078 from 2024 - 2016
The following historical data provides insights into refinancing trends in South Freeport, Maine and the surrounding Cumberland 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 | 76.92% | 61.54% | 55.81% | 52.28% | 61.15% | 57.55% | 61.07% | 46.24% | 54.94% |
avg refi rate | 6.52% | 3.89% | 2.99% | 3.25% | 4.38% | 4.64% | 4.13% | 3.87% | 4.02% |
% 15 year fixed refinance | 23.08% | 21.98% | 26.35% | 30.29% | 19.11% | 28.30% | 28.86% | 41.04% | 33.33% |
avg refi rate | 5.33% | 2.89% | 2.44% | 2.73% | 3.71% | 3.84% | 3.27% | 3.03% | 3.24% |
Avg credit score | 745.46 | 738.38 | 752.63 | 761.16 | 751.61 | 738.42 | 744.82 | 756.14 | 756.02 |
Avg LTV (loan to value) | 49.23% | 62.20% | 66.96% | 68.18% | 71.25% | 68.12% | 69.79% | 68.35% | 71.07% |
Avg DTI (debt to income) | 36.23 | 30.23 | 30.13 | 29.09 | 31.10 | 32.85 | 30.98 | 30.09 | 31.25 |
Avg refinance insurance % | 1.97% | 2.14% | 2.74% | 4.21% | 2.15% | 3.54% | 3.25% | 4.35% |
Best Refinance Brokers around South Freeport, Maine 04078
If you are considering refinancing your mortgage or obtaining a cash-out refinance in South Freeport, Maine 04078, we have compiled a list of top refinance brokers to assist you in the process.
Jack Lufkin
Loan Officer
172 Commercial St
Portland, ME 04078
(207) 222-1469
jlufkin@gorhamsavingsbank.com
Brian Desjardins
Lender
120 Exchange St
Portland, ME 04078
8794307
bdesjardins@norwaysavingsbank.com
Rick Flagg
Lender
120 Exchange St
Portland, ME 04078
8794307
rflagg@norwaysavingsbank.com
Erin McNally
Loan Officer
130 Middle St Fl 1
Portland, ME 04078
(207) 775-2620
emcnally@bmcfirst.com
Deron Barton
President
130 Middle St Fl 1
Portland, ME 04078
(207) 775-2620
dbarton@bmcfirst.com
Address
172 Commercial St
Portland, ME
Contact
(207) 222-1469
Fax (301) 639-0804
jlufkin@gorhamsavingsbank.com
Address
120 Exchange St
Portland, ME
Contact
8794307
Fax (301) 639-0804
bdesjardins@norwaysavingsbank.com
Address
120 Exchange St
Portland, ME
Contact
8794307
Fax (301) 639-0804
rflagg@norwaysavingsbank.com