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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 | 7.050%APR 7.091% | 0 pts$0 | $1,539/moP&I $1,539 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.086%APR 6.861% | 0 pts$0 | $1,525/moP&I $1,417 · MI $107 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.300%APR 6.360% | 0 pts$0 | $1,425/moP&I $1,425 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.894%APR 6.935% | 0 pts$0 | $1,515/moP&I $1,515 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.693% | 0 pts$0 | $1,629/moP&I $1,629 · 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 | 6.300% | 6.360% | 0 pts ($0) | $1,980/mo | $40,795 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.034% | 6.094% | 0 pts ($0) | $2,433/mo | $54,385 |
Condo 10% Down | 10% | 720 credit score | 7.266% | 7.442% | 0 pts ($0) | $1,769/mo | $62,227 |
Conventional 10% Down | 10% | 720 credit score | 6.847% | 7.011% | 0 pts ($0) | $1,696/mo | $58,956 |
Conventional 20% Down | 20% | 740 credit score | 7.050% | 7.091% | 0 pts ($0) | $1,539/mo | $47,944 |
Conventional 5% Down | 5% | 700 credit score | 7.248% | 7.740% | 0 pts ($0) | $1,864/mo | $65,536 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.490% | 7.534% | 0 pts ($0) | $2,010/mo | $69,360 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,703/mo | $57,691 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.854% | 7.235% | 0 pts ($0) | $1,830/mo | $66,113 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.894% | 6.935% | 0 pts ($0) | $1,894/mo | $64,188 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,374/mo | $56,610 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.086% | 6.861% | 0 pts ($0) | $1,709/mo | $60,166 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,743/mo | $61,029 |
FHA Streamline Refi | 0% | 640 credit score | 6.280% | 7.058% | 0 pts ($0) | $1,808/mo | $64,056 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.171% | 7.423% | 0 pts ($0) | $1,850/mo | $67,361 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,800/mo | $35,244 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.693% | 0 pts ($0) | $1,527/mo | $48,691 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,551/mo | $48,465 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,673/mo | $51,300 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.448% | 7.229% | 0 pts ($0) | $1,776/mo | $63,242 |
Second Home 10% Down | 10% | 720 credit score | 6.087% | 6.667% | 0 pts ($0) | $1,567/mo | $53,033 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,514/mo | $46,793 |
VA 0% Down | 0% | 700 credit score | 6.089% | 6.337% | 0 pts ($0) | $1,779/mo | $58,901 |
VA Cash-Out Refi | 0% | 640 credit score | 6.094% | 6.467% | 0 pts ($0) | $1,780/mo | $58,946 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.112% | 6.269% | 0 pts ($0) | $1,783/mo | $59,105 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,583/mo | $50,089 |
Frequently Asked Questions
What are today's mortgage rates in 04606, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04606, , ME is 7.050% (with an estimated monthly payment of $1,395). Active program rates also include FHA 30-year fixed loans at 6.086% and VA 0%-down fixed loans at 6.089%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04606, , 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 04606, , ME have fluctuated between a low of 6.932% and a high of 7.193%. 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 04606, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $287,731 in 04606, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $57,546 but keeps your monthly payment lower at $1,395/mo (at 7.050% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,071 (3.5% down) but has an estimated payment of $1,549/mo (at 6.086% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $277,660 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 04606 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04606 is $806,501. With a typical local home value of $287,731 in , a standard 20%-down mortgage requires a loan size of $230,185. 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 04606, , ME impact estimated mortgage payments?
The median home value in 04606, , ME is estimated at $287,731. Buying a typical home here with a standard 20% down payment ($57,546) translates to an estimated starting monthly mortgage payment of $1,395 (principal and interest). Compared to the local area median household income of $51,453 ($4,288/mo), this basic housing payment represents approximately 32.5% 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.