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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.896%APR 6.932% | 0 pts$0 | $2,023/moP&I $2,023 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.041%APR 6.811% | 0 pts$0 | $2,026/moP&I $1,882 · MI $143 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.990%APR 6.041% | 0 pts$0 | $1,840/moP&I $1,840 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.850%APR 6.886% | 0 pts$0 | $2,013/moP&I $2,013 · MI $0 | See details |
| Investment Property FixedConforming | 7.621%APR 7.662% | 0 pts$0 | $2,174/moP&I $2,174 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.990% | 6.041% | 0 pts ($0) | $2,591/mo | $51,689 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.960% | 6.011% | 0 pts ($0) | $3,232/mo | $71,766 |
Condo 10% Down | 10% | 720 credit score | 7.148% | 7.316% | 0 pts ($0) | $2,334/mo | $81,826 |
Conventional 10% Down | 10% | 720 credit score | 6.594% | 6.750% | 0 pts ($0) | $2,206/mo | $76,056 |
Conventional 20% Down | 20% | 740 credit score | 6.896% | 6.932% | 0 pts ($0) | $2,023/mo | $62,566 |
Conventional 5% Down | 5% | 700 credit score | 7.009% | 7.487% | 0 pts ($0) | $2,429/mo | $84,843 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.338% | 7.377% | 0 pts ($0) | $2,643/mo | $90,815 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,273/mo | $77,002 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.805% | 7.180% | 0 pts ($0) | $2,430/mo | $87,692 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.850% | 6.886% | 0 pts ($0) | $2,516/mo | $85,164 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,169/mo | $75,558 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.041% | 6.811% | 0 pts ($0) | $2,271/mo | $79,795 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,327/mo | $81,456 |
FHA Streamline Refi | 0% | 640 credit score | 6.234% | 7.008% | 0 pts ($0) | $2,402/mo | $84,956 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.982% | 7.226% | 0 pts ($0) | $2,423/mo | $87,830 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,403/mo | $47,041 |
Investment Property 25% Down | 25% | 740 credit score | 7.621% | 7.662% | 0 pts ($0) | $2,038/mo | $64,954 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,070/mo | $64,687 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,233/mo | $68,471 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.409% | 7.186% | 0 pts ($0) | $2,361/mo | $83,968 |
Second Home 10% Down | 10% | 720 credit score | 5.943% | 6.515% | 0 pts ($0) | $2,060/mo | $69,289 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,020/mo | $62,455 |
VA 0% Down | 0% | 700 credit score | 6.035% | 6.279% | 0 pts ($0) | $2,361/mo | $77,980 |
VA Cash-Out Refi | 0% | 640 credit score | 6.047% | 6.415% | 0 pts ($0) | $2,364/mo | $78,122 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.066% | 6.218% | 0 pts ($0) | $2,369/mo | $78,346 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,113/mo | $66,855 |
Frequently Asked Questions
What are today's mortgage rates in 04030, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04030, , ME is 6.896% (with an estimated monthly payment of $2,290). Active program rates also include FHA 30-year fixed loans at 6.041% and VA 0%-down fixed loans at 6.035%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04030, , ME?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 04030, , ME have fluctuated between a low of 6.516% and a high of 6.974%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 04030, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $384,041 in 04030, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $76,808 but keeps your monthly payment lower at $2,290/mo (at 6.896% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,441 (3.5% down) but has an estimated payment of $2,571/mo (at 6.041% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $370,600 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 04030 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04030 is $806,501. With a typical local home value of $384,041 in , a standard 20%-down mortgage requires a loan size of $307,233. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 04030, , ME impact estimated mortgage payments?
The median home value in 04030, , ME is estimated at $384,041. Buying a typical home here with a standard 20% down payment ($76,808) translates to an estimated starting monthly mortgage payment of $2,290 (principal and interest). Compared to the local area median household income of $73,324 ($6,110/mo), this basic housing payment represents approximately 37.5% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.