Select your Scenario
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.
See Safe Rate's top scoring lenders for Hope
We rank active Hope lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 6.923%APR 6.960% | 0 pts$0 | $1,776/moP&I $1,776 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.947%APR 6.716% | 0 pts$0 | $1,758/moP&I $1,632 · MI $125 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.040%APR 6.093% | 0 pts$0 | $1,620/moP&I $1,620 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.044%APR 7.100% | 0 pts$0 | $1,798/moP&I $1,798 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.681% | 0 pts$0 | $1,904/moP&I $1,904 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 6.040% | 6.093% | 0 pts ($0) | $2,276/mo | $45,657 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.086% | 6.148% | 0 pts ($0) | $2,854/mo | $64,077 |
Condo 10% Down | 10% | 720 credit score | 7.237% | 7.408% | 0 pts ($0) | $2,062/mo | $72,473 |
Conventional 10% Down | 10% | 720 credit score | 6.751% | 6.911% | 0 pts ($0) | $1,963/mo | $68,039 |
Conventional 20% Down | 20% | 740 credit score | 6.923% | 6.960% | 0 pts ($0) | $1,776/mo | $55,012 |
Conventional 5% Down | 5% | 700 credit score | 7.046% | 7.527% | 0 pts ($0) | $2,136/mo | $74,659 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.367% | 7.407% | 0 pts ($0) | $2,321/mo | $79,827 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,990/mo | $67,436 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.823% | 7.199% | 0 pts ($0) | $2,132/mo | $76,974 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.044% | 7.100% | 0 pts ($0) | $2,248/mo | $76,550 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,775/mo | $66,171 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.947% | 6.716% | 0 pts ($0) | $1,969/mo | $68,949 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,038/mo | $71,337 |
FHA Streamline Refi | 0% | 640 credit score | 6.065% | 6.836% | 0 pts ($0) | $2,066/mo | $72,663 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.004% | 7.249% | 0 pts ($0) | $2,127/mo | $77,130 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,104/mo | $41,197 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.681% | 0 pts ($0) | $1,785/mo | $56,915 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,813/mo | $56,651 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,956/mo | $59,964 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.306% | 7.082% | 0 pts ($0) | $2,045/mo | $72,513 |
Second Home 10% Down | 10% | 720 credit score | 5.951% | 6.524% | 0 pts ($0) | $1,805/mo | $60,753 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,769/mo | $54,696 |
VA 0% Down | 0% | 700 credit score | 6.068% | 6.313% | 0 pts ($0) | $2,075/mo | $68,633 |
VA Cash-Out Refi | 0% | 640 credit score | 6.071% | 6.441% | 0 pts ($0) | $2,076/mo | $68,664 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.077% | 6.230% | 0 pts ($0) | $2,077/mo | $68,726 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,851/mo | $58,550 |
Frequently Asked Questions
What are today's mortgage rates in 04847, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04847, , ME is 6.923% (with an estimated monthly payment of $2,026). Active program rates also include FHA 30-year fixed loans at 5.947% and VA 0%-down fixed loans at 6.068%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04847, , 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 04847, , ME have fluctuated between a low of 6.562% and a high of 7.001%. 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 04847, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $336,330 in 04847, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $67,266 but keeps your monthly payment lower at $2,026/mo (at 6.923% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,772 (3.5% down) but has an estimated payment of $2,246/mo (at 5.947% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $324,558 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 04847 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04847 is $806,501. With a typical local home value of $336,330 in , a standard 20%-down mortgage requires a loan size of $269,064. 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 04847, , ME impact estimated mortgage payments?
The median home value in 04847, , ME is estimated at $336,330. Buying a typical home here with a standard 20% down payment ($67,266) translates to an estimated starting monthly mortgage payment of $2,026 (principal and interest). Compared to the local area median household income of $75,673 ($6,306/mo), this basic housing payment represents approximately 32.1% 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.