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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 | 7.025%APR 7.069% | 0 pts$0 | $1,136/moP&I $1,136 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.096%APR 6.873% | 0 pts$0 | $1,130/moP&I $1,050 · MI $79 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.282%APR 6.346% | 0 pts$0 | $1,053/moP&I $1,053 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.889%APR 6.934% | 0 pts$0 | $1,121/moP&I $1,121 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.741% | 0 pts$0 | $1,206/moP&I $1,206 · 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 | 6.282% | 6.346% | 0 pts ($0) | $1,464/mo | $30,106 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.284% | 6.352% | 0 pts ($0) | $1,830/mo | $41,798 |
Condo 10% Down | 10% | 720 credit score | 7.362% | 7.543% | 0 pts ($0) | $1,322/mo | $46,614 |
Conventional 10% Down | 10% | 720 credit score | 6.831% | 6.998% | 0 pts ($0) | $1,254/mo | $43,546 |
Conventional 20% Down | 20% | 740 credit score | 7.025% | 7.069% | 0 pts ($0) | $1,136/mo | $35,359 |
Conventional 5% Down | 5% | 700 credit score | 7.122% | 7.612% | 0 pts ($0) | $1,363/mo | $47,740 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.473% | 7.520% | 0 pts ($0) | $1,485/mo | $51,229 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,260/mo | $42,702 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.784% | 7.165% | 0 pts ($0) | $1,345/mo | $48,499 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.889% | 6.934% | 0 pts ($0) | $1,401/mo | $47,478 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,757/mo | $41,901 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.096% | 6.873% | 0 pts ($0) | $1,267/mo | $44,596 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,290/mo | $45,172 |
FHA Streamline Refi | 0% | 640 credit score | 6.291% | 7.072% | 0 pts ($0) | $1,340/mo | $47,485 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.080% | 7.332% | 0 pts ($0) | $1,357/mo | $49,304 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,332/mo | $26,087 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.741% | 0 pts ($0) | $1,131/mo | $36,040 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,148/mo | $35,873 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,238/mo | $37,971 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.457% | 7.240% | 0 pts ($0) | $1,316/mo | $46,867 |
Second Home 10% Down | 10% | 720 credit score | 6.109% | 6.692% | 0 pts ($0) | $1,163/mo | $39,381 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,120/mo | $34,635 |
VA 0% Down | 0% | 700 credit score | 6.128% | 6.379% | 0 pts ($0) | $1,322/mo | $43,853 |
VA Cash-Out Refi | 0% | 640 credit score | 6.122% | 6.499% | 0 pts ($0) | $1,321/mo | $43,813 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.137% | 6.296% | 0 pts ($0) | $1,324/mo | $43,911 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,172/mo | $37,075 |
Frequently Asked Questions
What are today's mortgage rates in 04406, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04406, , ME is 7.025% (with an estimated monthly payment of $1,097). Active program rates also include FHA 30-year fixed loans at 6.096% and VA 0%-down fixed loans at 6.128%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04406, , 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 04406, , ME have fluctuated between a low of 6.912% and a high of 7.159%. 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 04406, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $212,972 in 04406, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $42,594 but keeps your monthly payment lower at $1,097/mo (at 7.025% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,454 (3.5% down) but has an estimated payment of $1,223/mo (at 6.096% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $205,518 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 04406 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04406 is $806,501. With a typical local home value of $212,972 in , a standard 20%-down mortgage requires a loan size of $170,378. 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 04406, , ME impact estimated mortgage payments?
The median home value in 04406, , ME is estimated at $212,972. Buying a typical home here with a standard 20% down payment ($42,594) translates to an estimated starting monthly mortgage payment of $1,097 (principal and interest). Compared to the local area median household income of $53,566 ($4,464/mo), this basic housing payment represents approximately 24.6% 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.