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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 | 6.938%APR 6.976% | 0 pts$0 | $2,838/moP&I $2,838 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.951%APR 6.721% | 0 pts$0 | $2,805/moP&I $2,605 · MI $200 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.070%APR 6.124% | 0 pts$0 | $2,593/moP&I $2,593 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.815%APR 6.854% | 0 pts$0 | $2,803/moP&I $2,803 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.689% | 0 pts$0 | $3,038/moP&I $3,038 · 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 | 6.070% | 6.124% | 0 pts ($0) | $3,638/mo | $73,207 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.095% | 6.152% | 0 pts ($0) | $4,555/mo | $102,360 |
Condo 10% Down | 10% | 720 credit score | 7.258% | 7.430% | 0 pts ($0) | $3,297/mo | $115,920 |
Conventional 10% Down | 10% | 720 credit score | 6.764% | 6.924% | 0 pts ($0) | $3,136/mo | $108,729 |
Conventional 20% Down | 20% | 740 credit score | 6.938% | 6.976% | 0 pts ($0) | $2,838/mo | $87,953 |
Conventional 5% Down | 5% | 700 credit score | 7.067% | 7.549% | 0 pts ($0) | $3,414/mo | $119,424 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.379% | 7.420% | 0 pts ($0) | $3,707/mo | $127,539 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,175/mo | $107,577 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.827% | 7.205% | 0 pts ($0) | $3,402/mo | $122,857 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.815% | 6.854% | 0 pts ($0) | $3,503/mo | $118,415 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,427/mo | $105,561 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.951% | 6.721% | 0 pts ($0) | $3,142/mo | $110,055 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,251/mo | $113,801 |
FHA Streamline Refi | 0% | 640 credit score | 6.071% | 6.843% | 0 pts ($0) | $3,298/mo | $116,015 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.024% | 7.270% | 0 pts ($0) | $3,399/mo | $123,350 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,357/mo | $65,720 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.689% | 0 pts ($0) | $2,848/mo | $90,795 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,892/mo | $90,373 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,120/mo | $95,659 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.311% | 7.087% | 0 pts ($0) | $3,265/mo | $115,757 |
Second Home 10% Down | 10% | 720 credit score | 5.956% | 6.530% | 0 pts ($0) | $2,881/mo | $96,990 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,822/mo | $87,254 |
VA 0% Down | 0% | 700 credit score | 6.073% | 6.319% | 0 pts ($0) | $3,312/mo | $109,570 |
VA Cash-Out Refi | 0% | 640 credit score | 6.077% | 6.447% | 0 pts ($0) | $3,313/mo | $109,636 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.084% | 6.238% | 0 pts ($0) | $3,316/mo | $109,752 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,952/mo | $93,402 |
Frequently Asked Questions
What are today's mortgage rates in 04851, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04851, , ME is 6.938% (with an estimated monthly payment of $1,909). Active program rates also include FHA 30-year fixed loans at 5.951% and VA 0%-down fixed loans at 6.073%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04851, , 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 04851, , ME have fluctuated between a low of 6.586% and a high of 7.034%. 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 04851, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $536,535 in 04851, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $107,307 but keeps your monthly payment lower at $1,909/mo (at 6.938% interest) with no monthly PMI. In comparison, an FHA loan requires only $18,779 (3.5% down) but has an estimated payment of $2,114/mo (at 5.951% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $517,756 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 04851 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04851 is $806,501. With a typical local home value of $536,535 in , a standard 20%-down mortgage requires a loan size of $429,228. 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 04851, , ME impact estimated mortgage payments?
The median home value in 04851, , ME is estimated at $536,535. Buying a typical home here with a standard 20% down payment ($107,307) translates to an estimated starting monthly mortgage payment of $1,909 (principal and interest). Compared to the local area median household income of $74,155 ($6,180/mo), this basic housing payment represents approximately 30.9% 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.