Compare Today’s Refinance Rates for South Portland, Maine 04116
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in South Portland, Maine 04116.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in South Portland, Maine 04116. For 30-year amortization refinancing, you can expect lifetime cash savings of $19,493 or $54 per month in South Portland and other parts of Cumberland county.
Summary of Average Refinances in South Portland, Maine 04116
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Interactive Refinance Rate Projections for South Portland, Maine 04116
Pureloan has developed an interactive chart to monitor the five largest local lenders in South Portland, ME 04116, 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 Portland, Maine 04116 from 2024 - 2016
The following historical data provides insights into refinancing trends in South Portland, 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 | 76.74% | 44.89% | 46.59% | 43.94% | 48.70% | 43.86% | 35.10% | 29.42% | 39.64% |
| avg refi rate | 6.41% | 3.56% | 3.02% | 3.32% | 4.10% | 4.58% | 4.14% | 3.91% | 4.05% |
| % 15 year fixed refinance | 16.28% | 35.38% | 31.05% | 35.10% | 33.54% | 37.34% | 43.02% | 45.80% | 38.28% |
| avg refi rate | 5.66% | 2.83% | 2.55% | 2.87% | 3.59% | 3.81% | 3.21% | 2.95% | 3.09% |
| Avg credit score | 747.88 | 761.29 | 760.82 | 764.05 | 756.19 | 754.21 | 756.51 | 761.87 | 761.06 |
| Avg LTV (loan to value) | 56.86% | 58.65% | 63.25% | 68.21% | 68.00% | 67.51% | 68.67% | 68.82% | 71.81% |
| Avg DTI (debt to income) | 34.93 | 30.91 | 28.93 | 28.42 | 29.72 | 30.59 | 29.80 | 28.89 | 29.57 |
| Avg refinance insurance % | 1.72% | 0.78% | 1.40% | 3.18% | 3.71% | 2.79% | 3.57% | 4.07% | 5.82% |
Best Refinance Brokers around South Portland, Maine 04116
If you are considering refinancing your mortgage or obtaining a cash-out refinance in South Portland, Maine 04116, we have compiled a list of top refinance brokers to assist you in the process.
Tracy DeMatteis
Senior Loan Officer
24 Christopher Toppi Drive
South Portland, ME 04116
0
Tracy.DeMatteis@rmsmortgage.com
Benjamin OBrion
Loan Officer
435 Cottage Road Suite B
South Portland, ME 04116
(207) 423-2494
benjamin.obrion@prospectmtg.com
Kimberly Sawyer
Mortgage Banker
24 Christopher Toppi Drive
South Portland, ME 04116
(207) 523-8413
Kimberly.Sawyer@RMSmortgage.com
Kevin Young
Senior Loan Officer
24 Christopher Toppi Drive
South Portland, ME 04116
(207) 523-4382
Kevin.Young@RMSmortgage.com
Jack Heinzman
Mortgage Banker
24 Christopher Toppi Drive
South Portland, ME 04116
(207) 523-4362
Jack.Heinzman@RMSmortgage.com
Address
24 Christopher Toppi Drive
South Portland, ME
Contact
0
Fax (301) 639-0804
Tracy.DeMatteis@rmsmortgage.com
Address
435 Cottage Road Suite B
South Portland, ME
Contact
(207) 423-2494
Fax (301) 639-0804
benjamin.obrion@prospectmtg.com
Address
24 Christopher Toppi Drive
South Portland, ME
Contact
(207) 523-8413
Fax (301) 639-0804
Kimberly.Sawyer@RMSmortgage.com