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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 | 6.971%APR 7.010% | 0 pts$0 | $1,236/moP&I $1,236 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.960%APR 6.731% | 0 pts$0 | $1,218/moP&I $1,131 · MI $87 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.156%APR 6.212% | 0 pts$0 | $1,136/moP&I $1,136 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.982%APR 7.021% | 0 pts$0 | $1,237/moP&I $1,237 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.707% | 0 pts$0 | $1,318/moP&I $1,318 · 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 | 6.156% | 6.212% | 0 pts ($0) | $1,588/mo | $32,233 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.053% | 6.108% | 0 pts ($0) | $1,971/mo | $44,137 |
Condo 10% Down | 10% | 720 credit score | 7.297% | 7.471% | 0 pts ($0) | $1,436/mo | $50,551 |
Conventional 10% Down | 10% | 720 credit score | 6.793% | 6.954% | 0 pts ($0) | $1,365/mo | $47,367 |
Conventional 20% Down | 20% | 740 credit score | 6.971% | 7.010% | 0 pts ($0) | $1,236/mo | $38,353 |
Conventional 5% Down | 5% | 700 credit score | 7.111% | 7.595% | 0 pts ($0) | $1,488/mo | $52,119 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.417% | 7.459% | 0 pts ($0) | $1,615/mo | $55,614 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,378/mo | $46,684 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.837% | 7.216% | 0 pts ($0) | $1,478/mo | $53,383 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.982% | 7.021% | 0 pts ($0) | $1,546/mo | $52,559 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,921/mo | $45,809 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.960% | 6.731% | 0 pts ($0) | $1,365/mo | $47,821 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,411/mo | $49,385 |
FHA Streamline Refi | 0% | 640 credit score | 6.084% | 6.857% | 0 pts ($0) | $1,433/mo | $50,439 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.069% | 7.317% | 0 pts ($0) | $1,482/mo | $53,829 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,457/mo | $28,520 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.707% | 0 pts ($0) | $1,236/mo | $39,401 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,255/mo | $39,218 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,354/mo | $41,512 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.324% | 7.101% | 0 pts ($0) | $1,419/mo | $50,323 |
Second Home 10% Down | 10% | 720 credit score | 6.072% | 6.650% | 0 pts ($0) | $1,266/mo | $42,820 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,225/mo | $37,865 |
VA 0% Down | 0% | 700 credit score | 6.086% | 6.333% | 0 pts ($0) | $1,439/mo | $47,642 |
VA Cash-Out Refi | 0% | 640 credit score | 6.089% | 6.461% | 0 pts ($0) | $1,440/mo | $47,664 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.081% | 6.236% | 0 pts ($0) | $1,438/mo | $47,606 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,281/mo | $40,533 |
Frequently Asked Questions
What are today's mortgage rates in 04630, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04630, , ME is 6.971% (with an estimated monthly payment of $1,692). Active program rates also include FHA 30-year fixed loans at 5.960% and VA 0%-down fixed loans at 6.086%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04630, , 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 04630, , ME have fluctuated between a low of 6.859% and a high of 7.106%. 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 04630, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $232,835 in 04630, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $46,567 but keeps your monthly payment lower at $1,692/mo (at 6.971% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,149 (3.5% down) but has an estimated payment of $1,868/mo (at 5.960% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $224,686 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 04630 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04630 is $806,501. With a typical local home value of $232,835 in , a standard 20%-down mortgage requires a loan size of $186,268. 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 04630, , ME impact estimated mortgage payments?
The median home value in 04630, , ME is estimated at $232,835. Buying a typical home here with a standard 20% down payment ($46,567) translates to an estimated starting monthly mortgage payment of $1,692 (principal and interest). Compared to the local area median household income of $58,580 ($4,882/mo), this basic housing payment represents approximately 34.7% 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.