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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 | 6.854%APR 6.889% | 0 pts$0 | $2,299/moP&I $2,299 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.987%APR 6.755% | 0 pts$0 | $2,300/moP&I $2,136 · MI $164 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.920%APR 5.968% | 0 pts$0 | $2,084/moP&I $2,084 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.561%APR 6.596% | 0 pts$0 | $2,230/moP&I $2,230 · MI $0 | See details |
| Investment Property FixedConforming | 7.556%APR 7.596% | 0 pts$0 | $2,465/moP&I $2,465 · 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 | 5.920% | 5.968% | 0 pts ($0) | $2,944/mo | $58,283 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.979% | 6.031% | 0 pts ($0) | $3,694/mo | $82,149 |
Condo 10% Down | 10% | 720 credit score | 7.074% | 7.240% | 0 pts ($0) | $2,644/mo | $92,510 |
Conventional 10% Down | 10% | 720 credit score | 6.547% | 6.701% | 0 pts ($0) | $2,506/mo | $86,247 |
Conventional 20% Down | 20% | 740 credit score | 6.854% | 6.889% | 0 pts ($0) | $2,299/mo | $70,965 |
Conventional 5% Down | 5% | 700 credit score | 6.977% | 7.453% | 0 pts ($0) | $2,764/mo | $96,432 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.298% | 7.336% | 0 pts ($0) | $3,004/mo | $103,120 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,594/mo | $87,884 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.759% | 7.133% | 0 pts ($0) | $2,760/mo | $99,496 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.561% | 6.596% | 0 pts ($0) | $2,788/mo | $93,385 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,617/mo | $86,237 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.987% | 6.755% | 0 pts ($0) | $2,577/mo | $90,374 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,656/mo | $92,968 |
FHA Streamline Refi | 0% | 640 credit score | 6.119% | 6.890% | 0 pts ($0) | $2,708/mo | $95,421 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.950% | 7.192% | 0 pts ($0) | $2,756/mo | $99,841 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,742/mo | $53,690 |
Investment Property 25% Down | 25% | 740 credit score | 7.556% | 7.596% | 0 pts ($0) | $2,311/mo | $73,489 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,362/mo | $73,829 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,549/mo | $78,148 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.359% | 7.134% | 0 pts ($0) | $2,680/mo | $95,188 |
Second Home 10% Down | 10% | 720 credit score | 5.999% | 6.572% | 0 pts ($0) | $2,365/mo | $79,745 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,306/mo | $71,282 |
VA 0% Down | 0% | 700 credit score | 5.983% | 6.225% | 0 pts ($0) | $2,680/mo | $88,301 |
VA Cash-Out Refi | 0% | 640 credit score | 5.991% | 6.357% | 0 pts ($0) | $2,682/mo | $88,409 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.004% | 6.154% | 0 pts ($0) | $2,686/mo | $88,584 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,412/mo | $76,304 |
Frequently Asked Questions
What are today's mortgage rates in 04627, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04627, , ME is 6.854% (with an estimated monthly payment of $2,785). Active program rates also include FHA 30-year fixed loans at 5.987% and VA 0%-down fixed loans at 5.983%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04627, , 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 04627, , ME have fluctuated between a low of 6.476% and a high of 6.936%. 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 04627, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $438,316 in 04627, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $87,663 but keeps your monthly payment lower at $2,785/mo (at 6.854% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,341 (3.5% down) but has an estimated payment of $3,122/mo (at 5.987% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $422,975 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 04627 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04627 is $806,501. With a typical local home value of $438,316 in , a standard 20%-down mortgage requires a loan size of $350,653. 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 04627, , ME impact estimated mortgage payments?
The median home value in 04627, , ME is estimated at $438,316. Buying a typical home here with a standard 20% down payment ($87,663) translates to an estimated starting monthly mortgage payment of $2,785 (principal and interest). Compared to the local area median household income of $61,613 ($5,134/mo), this basic housing payment represents approximately 54.2% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.