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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 | 6.861%APR 6.896% | 0 pts$0 | $2,105/moP&I $2,105 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.995%APR 6.764% | 0 pts$0 | $2,106/moP&I $1,956 · MI $150 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.933%APR 5.982% | 0 pts$0 | $1,910/moP&I $1,910 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.829%APR 6.864% | 0 pts$0 | $2,098/moP&I $2,098 · MI $0 | See details |
| Investment Property FixedConforming | 7.568%APR 7.608% | 0 pts$0 | $2,258/moP&I $2,258 · 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 | 5.933% | 5.982% | 0 pts ($0) | $2,696/mo | $53,451 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.920% | 5.970% | 0 pts ($0) | $3,367/mo | $74,484 |
Condo 10% Down | 10% | 720 credit score | 7.086% | 7.252% | 0 pts ($0) | $2,422/mo | $84,780 |
Conventional 10% Down | 10% | 720 credit score | 6.555% | 6.709% | 0 pts ($0) | $2,295/mo | $79,005 |
Conventional 20% Down | 20% | 740 credit score | 6.861% | 6.896% | 0 pts ($0) | $2,105/mo | $65,002 |
Conventional 5% Down | 5% | 700 credit score | 6.983% | 7.460% | 0 pts ($0) | $2,531/mo | $88,306 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.305% | 7.343% | 0 pts ($0) | $2,751/mo | $94,442 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,373/mo | $80,416 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.767% | 7.141% | 0 pts ($0) | $2,528/mo | $91,135 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.829% | 6.864% | 0 pts ($0) | $2,622/mo | $88,686 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,310/mo | $78,909 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.995% | 6.764% | 0 pts ($0) | $2,360/mo | $82,789 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,430/mo | $85,068 |
FHA Streamline Refi | 0% | 640 credit score | 6.131% | 6.902% | 0 pts ($0) | $2,481/mo | $87,459 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.956% | 7.198% | 0 pts ($0) | $2,524/mo | $91,426 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,509/mo | $49,127 |
Investment Property 25% Down | 25% | 740 credit score | 7.568% | 7.608% | 0 pts ($0) | $2,117/mo | $67,353 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,162/mo | $67,555 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,332/mo | $71,507 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.370% | 7.145% | 0 pts ($0) | $2,456/mo | $87,229 |
Second Home 10% Down | 10% | 720 credit score | 6.011% | 6.584% | 0 pts ($0) | $2,167/mo | $73,098 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,110/mo | $65,224 |
VA 0% Down | 0% | 700 credit score | 5.992% | 6.234% | 0 pts ($0) | $2,454/mo | $80,908 |
VA Cash-Out Refi | 0% | 640 credit score | 5.999% | 6.365% | 0 pts ($0) | $2,456/mo | $80,995 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.017% | 6.168% | 0 pts ($0) | $2,461/mo | $81,216 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,207/mo | $69,819 |
Frequently Asked Questions
What are today's mortgage rates in 04562, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04562, , ME is 6.861% (with an estimated monthly payment of $2,679). Active program rates also include FHA 30-year fixed loans at 5.995% and VA 0%-down fixed loans at 5.992%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04562, , 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 04562, , ME have fluctuated between a low of 6.482% and a high of 6.943%. 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 04562, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $401,069 in 04562, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $80,214 but keeps your monthly payment lower at $2,679/mo (at 6.861% interest) with no monthly PMI. In comparison, an FHA loan requires only $14,037 (3.5% down) but has an estimated payment of $3,003/mo (at 5.995% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $387,032 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 04562 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04562 is $806,501. With a typical local home value of $401,069 in , a standard 20%-down mortgage requires a loan size of $320,855. 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 04562, , ME impact estimated mortgage payments?
The median home value in 04562, , ME is estimated at $401,069. Buying a typical home here with a standard 20% down payment ($80,214) translates to an estimated starting monthly mortgage payment of $2,679 (principal and interest). Compared to the local area median household income of $106,852 ($8,904/mo), this basic housing payment represents approximately 30.1% 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.