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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 | 6.952%APR 6.990% | 0 pts$0 | $1,323/moP&I $1,323 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.955%APR 6.725% | 0 pts$0 | $1,306/moP&I $1,213 · MI $93 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.100%APR 6.154% | 0 pts$0 | $1,211/moP&I $1,211 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.077%APR 7.147% | 0 pts$0 | $1,339/moP&I $1,339 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.697% | 0 pts$0 | $1,414/moP&I $1,414 · 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 | 6.100% | 6.154% | 0 pts ($0) | $1,697/mo | $34,245 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.129% | 6.199% | 0 pts ($0) | $2,125/mo | $47,885 |
Condo 10% Down | 10% | 720 credit score | 7.276% | 7.449% | 0 pts ($0) | $1,537/mo | $54,072 |
Conventional 10% Down | 10% | 720 credit score | 6.777% | 6.938% | 0 pts ($0) | $1,462/mo | $50,691 |
Conventional 20% Down | 20% | 740 credit score | 6.952% | 6.990% | 0 pts ($0) | $1,323/mo | $41,018 |
Conventional 5% Down | 5% | 700 credit score | 7.086% | 7.569% | 0 pts ($0) | $1,592/mo | $55,717 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.396% | 7.437% | 0 pts ($0) | $1,728/mo | $59,486 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,478/mo | $50,067 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.832% | 7.211% | 0 pts ($0) | $1,584/mo | $57,215 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.077% | 7.147% | 0 pts ($0) | $1,674/mo | $57,083 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,061/mo | $49,129 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.955% | 6.725% | 0 pts ($0) | $1,463/mo | $51,250 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,513/mo | $52,964 |
FHA Streamline Refi | 0% | 640 credit score | 6.077% | 6.849% | 0 pts ($0) | $1,536/mo | $54,040 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.044% | 7.291% | 0 pts ($0) | $1,585/mo | $57,551 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,562/mo | $30,587 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.697% | 0 pts ($0) | $1,326/mo | $42,257 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,346/mo | $42,060 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,452/mo | $44,521 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.317% | 7.093% | 0 pts ($0) | $1,520/mo | $53,918 |
Second Home 10% Down | 10% | 720 credit score | 5.960% | 6.534% | 0 pts ($0) | $1,342/mo | $45,167 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,314/mo | $40,609 |
VA 0% Down | 0% | 700 credit score | 6.079% | 6.325% | 0 pts ($0) | $1,542/mo | $51,041 |
VA Cash-Out Refi | 0% | 640 credit score | 6.082% | 6.453% | 0 pts ($0) | $1,543/mo | $51,064 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.090% | 6.244% | 0 pts ($0) | $1,544/mo | $51,125 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,374/mo | $43,470 |
Frequently Asked Questions
What are today's mortgage rates in 04350, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04350, , ME is 6.952% (with an estimated monthly payment of $1,806). Active program rates also include FHA 30-year fixed loans at 5.955% and VA 0%-down fixed loans at 6.079%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04350, , 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 04350, , ME have fluctuated between a low of 6.610% and a high of 7.066%. 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 04350, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $249,708 in 04350, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $49,942 but keeps your monthly payment lower at $1,806/mo (at 6.952% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,740 (3.5% down) but has an estimated payment of $1,998/mo (at 5.955% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $240,968 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 04350 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04350 is $806,501. With a typical local home value of $249,708 in , a standard 20%-down mortgage requires a loan size of $199,766. 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 04350, , ME impact estimated mortgage payments?
The median home value in 04350, , ME is estimated at $249,708. Buying a typical home here with a standard 20% down payment ($49,942) translates to an estimated starting monthly mortgage payment of $1,806 (principal and interest). Compared to the local area median household income of $84,891 ($7,074/mo), this basic housing payment represents approximately 25.5% 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.