Select your Scenario
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 | 6.974%APR 7.016% | 0 pts$0 | $778/moP&I $778 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.092%APR 6.868% | 0 pts$0 | $777/moP&I $722 · MI $55 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.172%APR 6.233% | 0 pts$0 | $716/moP&I $716 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.132%APR 7.278% | 0 pts$0 | $790/moP&I $790 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.716% | 0 pts$0 | $830/moP&I $830 · 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 | 6.172% | 6.233% | 0 pts ($0) | $1,000/mo | $20,339 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.324% | 6.420% | 0 pts ($0) | $1,262/mo | $28,927 |
Condo 10% Down | 10% | 720 credit score | 7.304% | 7.482% | 0 pts ($0) | $904/mo | $31,839 |
Conventional 10% Down | 10% | 720 credit score | 6.886% | 7.052% | 0 pts ($0) | $867/mo | $30,177 |
Conventional 20% Down | 20% | 740 credit score | 6.974% | 7.016% | 0 pts ($0) | $778/mo | $24,146 |
Conventional 5% Down | 5% | 700 credit score | 7.280% | 7.775% | 0 pts ($0) | $952/mo | $33,507 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.421% | 7.466% | 0 pts ($0) | $1,017/mo | $35,015 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $867/mo | $29,378 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.866% | 7.248% | 0 pts ($0) | $933/mo | $33,718 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.132% | 7.278% | 0 pts ($0) | $988/mo | $33,738 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,209/mo | $28,827 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.092% | 6.868% | 0 pts ($0) | $871/mo | $30,664 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $888/mo | $31,078 |
FHA Streamline Refi | 0% | 640 credit score | 6.287% | 7.066% | 0 pts ($0) | $922/mo | $32,651 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.252% | 7.507% | 0 pts ($0) | $950/mo | $34,642 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $917/mo | $17,947 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.716% | 0 pts ($0) | $778/mo | $24,795 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $790/mo | $24,680 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $852/mo | $26,123 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.454% | 7.236% | 0 pts ($0) | $905/mo | $32,231 |
Second Home 10% Down | 10% | 720 credit score | 6.098% | 6.679% | 0 pts ($0) | $799/mo | $27,050 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $771/mo | $23,828 |
VA 0% Down | 0% | 700 credit score | 6.113% | 6.363% | 0 pts ($0) | $908/mo | $30,102 |
VA Cash-Out Refi | 0% | 640 credit score | 6.118% | 6.493% | 0 pts ($0) | $909/mo | $30,125 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.121% | 6.279% | 0 pts ($0) | $909/mo | $30,138 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $806/mo | $25,507 |
Frequently Asked Questions
What are today's mortgage rates in 04475, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04475, , ME is 6.974% (with an estimated monthly payment of $1,242). Active program rates also include FHA 30-year fixed loans at 6.092% and VA 0%-down fixed loans at 6.113%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04475, , 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 04475, , ME have fluctuated between a low of 6.860% and a high of 7.108%. 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 04475, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $146,521 in 04475, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $29,304 but keeps your monthly payment lower at $1,242/mo (at 6.974% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,128 (3.5% down) but has an estimated payment of $1,391/mo (at 6.092% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $141,393 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 04475 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04475 is $806,501. With a typical local home value of $146,521 in , a standard 20%-down mortgage requires a loan size of $117,217. 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 04475, , ME impact estimated mortgage payments?
The median home value in 04475, , ME is estimated at $146,521. Buying a typical home here with a standard 20% down payment ($29,304) translates to an estimated starting monthly mortgage payment of $1,242 (principal and interest). Compared to the local area median household income of $58,864 ($4,905/mo), this basic housing payment represents approximately 25.3% 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.