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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 | 6.855%APR 6.890% | 0 pts$0 | $1,982/moP&I $1,982 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.988%APR 6.756% | 0 pts$0 | $1,983/moP&I $1,842 · MI $141 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.922%APR 5.971% | 0 pts$0 | $1,797/moP&I $1,797 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.605%APR 6.639% | 0 pts$0 | $1,932/moP&I $1,932 · MI $0 | See details |
| Investment Property FixedConforming | 7.558%APR 7.598% | 0 pts$0 | $2,126/moP&I $2,126 · 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 | 5.922% | 5.971% | 0 pts ($0) | $2,538/mo | $50,264 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.937% | 5.988% | 0 pts ($0) | $3,176/mo | $70,363 |
Condo 10% Down | 10% | 720 credit score | 7.076% | 7.242% | 0 pts ($0) | $2,280/mo | $79,775 |
Conventional 10% Down | 10% | 720 credit score | 6.548% | 6.702% | 0 pts ($0) | $2,160/mo | $74,365 |
Conventional 20% Down | 20% | 740 credit score | 6.855% | 6.890% | 0 pts ($0) | $1,982/mo | $61,189 |
Conventional 5% Down | 5% | 700 credit score | 6.978% | 7.454% | 0 pts ($0) | $2,383/mo | $83,147 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.299% | 7.337% | 0 pts ($0) | $2,590/mo | $88,913 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,236/mo | $75,767 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.760% | 7.134% | 0 pts ($0) | $2,380/mo | $85,788 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.605% | 6.639% | 0 pts ($0) | $2,415/mo | $81,009 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,118/mo | $74,346 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.988% | 6.756% | 0 pts ($0) | $2,222/mo | $77,924 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,289/mo | $80,150 |
FHA Streamline Refi | 0% | 640 credit score | 6.121% | 6.892% | 0 pts ($0) | $2,335/mo | $82,287 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.951% | 7.193% | 0 pts ($0) | $2,377/mo | $86,086 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,364/mo | $46,287 |
Investment Property 25% Down | 25% | 740 credit score | 7.558% | 7.598% | 0 pts ($0) | $1,993/mo | $63,374 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,037/mo | $63,649 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,197/mo | $67,373 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.361% | 7.136% | 0 pts ($0) | $2,311/mo | $82,085 |
Second Home 10% Down | 10% | 720 credit score | 6.001% | 6.574% | 0 pts ($0) | $2,039/mo | $68,770 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,988/mo | $61,453 |
VA 0% Down | 0% | 700 credit score | 5.985% | 6.227% | 0 pts ($0) | $2,311/mo | $76,149 |
VA Cash-Out Refi | 0% | 640 credit score | 5.992% | 6.358% | 0 pts ($0) | $2,312/mo | $76,231 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.006% | 6.157% | 0 pts ($0) | $2,316/mo | $76,393 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,079/mo | $65,783 |
Frequently Asked Questions
What are today's mortgage rates in 04231, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04231, , ME is 6.855% (with an estimated monthly payment of $2,766). Active program rates also include FHA 30-year fixed loans at 5.988% and VA 0%-down fixed loans at 5.985%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04231, , 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 04231, , ME have fluctuated between a low of 6.477% and a high of 6.937%. 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 04231, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $377,881 in 04231, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $75,576 but keeps your monthly payment lower at $2,766/mo (at 6.855% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,226 (3.5% down) but has an estimated payment of $3,101/mo (at 5.988% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $364,655 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 04231 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04231 is $806,501. With a typical local home value of $377,881 in , a standard 20%-down mortgage requires a loan size of $302,305. 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 04231, , ME impact estimated mortgage payments?
The median home value in 04231, , ME is estimated at $377,881. Buying a typical home here with a standard 20% down payment ($75,576) translates to an estimated starting monthly mortgage payment of $2,766 (principal and interest). Compared to the local area median household income of $63,889 ($5,324/mo), this basic housing payment represents approximately 52.0% 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.