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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 | 6.924%APR 6.961% | 0 pts$0 | $1,796/moP&I $1,796 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.947%APR 6.716% | 0 pts$0 | $1,777/moP&I $1,651 · MI $127 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.042%APR 6.095% | 0 pts$0 | $1,639/moP&I $1,639 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.815%APR 6.854% | 0 pts$0 | $1,777/moP&I $1,777 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.681% | 0 pts$0 | $1,926/moP&I $1,926 · 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 | 6.042% | 6.095% | 0 pts ($0) | $2,302/mo | $46,188 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.094% | 6.151% | 0 pts ($0) | $2,887/mo | $64,880 |
Condo 10% Down | 10% | 720 credit score | 7.241% | 7.413% | 0 pts ($0) | $2,086/mo | $73,328 |
Conventional 10% Down | 10% | 720 credit score | 6.752% | 6.912% | 0 pts ($0) | $1,986/mo | $68,816 |
Conventional 20% Down | 20% | 740 credit score | 6.924% | 6.961% | 0 pts ($0) | $1,796/mo | $55,641 |
Conventional 5% Down | 5% | 700 credit score | 7.048% | 7.529% | 0 pts ($0) | $2,160/mo | $75,522 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.368% | 7.408% | 0 pts ($0) | $2,348/mo | $80,738 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,013/mo | $68,197 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.823% | 7.201% | 0 pts ($0) | $2,156/mo | $77,843 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.815% | 6.854% | 0 pts ($0) | $2,221/mo | $75,067 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,807/mo | $66,919 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.947% | 6.716% | 0 pts ($0) | $1,991/mo | $69,727 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,061/mo | $72,142 |
FHA Streamline Refi | 0% | 640 credit score | 6.066% | 6.837% | 0 pts ($0) | $2,090/mo | $73,494 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.005% | 7.250% | 0 pts ($0) | $2,151/mo | $78,011 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,128/mo | $41,662 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.681% | 0 pts ($0) | $1,806/mo | $57,558 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,833/mo | $57,290 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,978/mo | $60,641 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.306% | 7.082% | 0 pts ($0) | $2,068/mo | $73,332 |
Second Home 10% Down | 10% | 720 credit score | 5.952% | 6.525% | 0 pts ($0) | $1,826/mo | $61,448 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,789/mo | $55,313 |
VA 0% Down | 0% | 700 credit score | 6.068% | 6.313% | 0 pts ($0) | $2,098/mo | $69,408 |
VA Cash-Out Refi | 0% | 640 credit score | 6.071% | 6.441% | 0 pts ($0) | $2,099/mo | $69,439 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.078% | 6.231% | 0 pts ($0) | $2,101/mo | $69,512 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,872/mo | $59,210 |
Frequently Asked Questions
What are today's mortgage rates in 04051, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04051, , ME is 6.924% (with an estimated monthly payment of $2,018). Active program rates also include FHA 30-year fixed loans at 5.947% and VA 0%-down fixed loans at 6.068%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04051, , 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 04051, , ME have fluctuated between a low of 6.563% and a high of 7.003%. 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 04051, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $340,127 in 04051, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $68,025 but keeps your monthly payment lower at $2,018/mo (at 6.924% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,904 (3.5% down) but has an estimated payment of $2,237/mo (at 5.947% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $328,223 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 04051 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04051 is $806,501. With a typical local home value of $340,127 in , a standard 20%-down mortgage requires a loan size of $272,102. 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 04051, , ME impact estimated mortgage payments?
The median home value in 04051, , ME is estimated at $340,127. Buying a typical home here with a standard 20% down payment ($68,025) translates to an estimated starting monthly mortgage payment of $2,018 (principal and interest). Compared to the local area median household income of $75,082 ($6,257/mo), this basic housing payment represents approximately 32.3% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.