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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 | 6.966%APR 7.005% | 0 pts$0 | $1,606/moP&I $1,606 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.959%APR 6.730% | 0 pts$0 | $1,584/moP&I $1,471 · MI $113 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.131%APR 6.186% | 0 pts$0 | $1,473/moP&I $1,473 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.979%APR 7.018% | 0 pts$0 | $1,608/moP&I $1,608 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.705% | 0 pts$0 | $1,715/moP&I $1,715 · 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 | 6.131% | 6.186% | 0 pts ($0) | $2,062/mo | $41,748 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.046% | 6.101% | 0 pts ($0) | $2,563/mo | $57,345 |
Condo 10% Down | 10% | 720 credit score | 7.293% | 7.467% | 0 pts ($0) | $1,867/mo | $65,716 |
Conventional 10% Down | 10% | 720 credit score | 6.789% | 6.950% | 0 pts ($0) | $1,775/mo | $61,574 |
Conventional 20% Down | 20% | 740 credit score | 6.966% | 7.005% | 0 pts ($0) | $1,606/mo | $49,847 |
Conventional 5% Down | 5% | 700 credit score | 7.106% | 7.590% | 0 pts ($0) | $1,935/mo | $67,744 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.412% | 7.454% | 0 pts ($0) | $2,099/mo | $72,287 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,792/mo | $60,719 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.836% | 7.215% | 0 pts ($0) | $1,922/mo | $69,423 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.979% | 7.018% | 0 pts ($0) | $2,010/mo | $68,333 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,499/mo | $59,581 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.959% | 6.730% | 0 pts ($0) | $1,775/mo | $62,189 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,835/mo | $64,232 |
FHA Streamline Refi | 0% | 640 credit score | 6.082% | 6.855% | 0 pts ($0) | $1,864/mo | $65,584 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.063% | 7.311% | 0 pts ($0) | $1,926/mo | $69,960 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,895/mo | $37,094 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.705% | 0 pts ($0) | $1,608/mo | $51,247 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,632/mo | $51,008 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,761/mo | $53,992 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.322% | 7.099% | 0 pts ($0) | $1,845/mo | $65,434 |
Second Home 10% Down | 10% | 720 credit score | 6.070% | 6.648% | 0 pts ($0) | $1,646/mo | $55,677 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,593/mo | $49,248 |
VA 0% Down | 0% | 700 credit score | 6.084% | 6.330% | 0 pts ($0) | $1,871/mo | $61,946 |
VA Cash-Out Refi | 0% | 640 credit score | 6.088% | 6.460% | 0 pts ($0) | $1,872/mo | $61,984 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.079% | 6.233% | 0 pts ($0) | $1,870/mo | $61,900 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,666/mo | $52,718 |
Frequently Asked Questions
What are today's mortgage rates in 04677, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04677, , ME is 6.966% (with an estimated monthly payment of $1,717). Active program rates also include FHA 30-year fixed loans at 5.959% 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 04677, , 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 04677, , ME have fluctuated between a low of 6.854% and a high of 7.097%. 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 04677, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $302,833 in 04677, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $60,567 but keeps your monthly payment lower at $1,717/mo (at 6.966% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,599 (3.5% down) but has an estimated payment of $1,897/mo (at 5.959% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $292,234 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 04677 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04677 is $806,501. With a typical local home value of $302,833 in , a standard 20%-down mortgage requires a loan size of $242,266. 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 04677, , ME impact estimated mortgage payments?
The median home value in 04677, , ME is estimated at $302,833. Buying a typical home here with a standard 20% down payment ($60,567) translates to an estimated starting monthly mortgage payment of $1,717 (principal and interest). Compared to the local area median household income of $65,625 ($5,469/mo), this basic housing payment represents approximately 31.4% 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.