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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 | 7.027%APR 7.068% | 0 pts$0 | $1,207/moP&I $1,207 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.080%APR 6.854% | 0 pts$0 | $1,197/moP&I $1,113 · MI $84 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.283%APR 6.342% | 0 pts$0 | $1,118/moP&I $1,118 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.043%APR 7.084% | 0 pts$0 | $1,209/moP&I $1,209 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.735% | 0 pts$0 | $1,280/moP&I $1,280 · 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 | 6.283% | 6.342% | 0 pts ($0) | $1,554/mo | $31,966 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.188% | 6.247% | 0 pts ($0) | $1,931/mo | $43,743 |
Condo 10% Down | 10% | 720 credit score | 7.250% | 7.425% | 0 pts ($0) | $1,388/mo | $48,798 |
Conventional 10% Down | 10% | 720 credit score | 6.835% | 6.999% | 0 pts ($0) | $1,331/mo | $46,252 |
Conventional 20% Down | 20% | 740 credit score | 7.027% | 7.068% | 0 pts ($0) | $1,207/mo | $37,548 |
Conventional 5% Down | 5% | 700 credit score | 7.214% | 7.705% | 0 pts ($0) | $1,460/mo | $51,276 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.474% | 7.518% | 0 pts ($0) | $1,577/mo | $54,392 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,338/mo | $45,332 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.851% | 7.232% | 0 pts ($0) | $1,437/mo | $51,929 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.043% | 7.084% | 0 pts ($0) | $1,511/mo | $51,452 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,866/mo | $44,482 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.080% | 6.854% | 0 pts ($0) | $1,342/mo | $47,237 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,370/mo | $47,954 |
FHA Streamline Refi | 0% | 640 credit score | 6.275% | 7.053% | 0 pts ($0) | $1,420/mo | $50,299 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.137% | 7.388% | 0 pts ($0) | $1,449/mo | $52,710 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,414/mo | $27,694 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.735% | 0 pts ($0) | $1,200/mo | $38,260 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,219/mo | $38,082 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,315/mo | $40,310 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.443% | 7.223% | 0 pts ($0) | $1,395/mo | $49,660 |
Second Home 10% Down | 10% | 720 credit score | 6.081% | 6.660% | 0 pts ($0) | $1,231/mo | $41,635 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,189/mo | $36,768 |
VA 0% Down | 0% | 700 credit score | 6.084% | 6.332% | 0 pts ($0) | $1,397/mo | $46,248 |
VA Cash-Out Refi | 0% | 640 credit score | 6.089% | 6.462% | 0 pts ($0) | $1,398/mo | $46,283 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.107% | 6.263% | 0 pts ($0) | $1,401/mo | $46,408 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,244/mo | $39,359 |
Frequently Asked Questions
What are today's mortgage rates in 04657, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04657, , ME is 7.027% (with an estimated monthly payment of $1,449). Active program rates also include FHA 30-year fixed loans at 6.080% and VA 0%-down fixed loans at 6.084%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04657, , 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 04657, , ME have fluctuated between a low of 6.917% and a high of 7.174%. 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 04657, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $226,090 in 04657, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $45,218 but keeps your monthly payment lower at $1,449/mo (at 7.027% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,913 (3.5% down) but has an estimated payment of $1,612/mo (at 6.080% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $218,177 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 04657 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04657 is $806,501. With a typical local home value of $226,090 in , a standard 20%-down mortgage requires a loan size of $180,872. 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 04657, , ME impact estimated mortgage payments?
The median home value in 04657, , ME is estimated at $226,090. Buying a typical home here with a standard 20% down payment ($45,218) translates to an estimated starting monthly mortgage payment of $1,449 (principal and interest). Compared to the local area median household income of $54,833 ($4,569/mo), this basic housing payment represents approximately 31.7% 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.