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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 | 6.858%APR 6.893% | 0 pts$0 | $2,192/moP&I $2,192 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.991%APR 6.760% | 0 pts$0 | $2,193/moP&I $2,037 · MI $156 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.927%APR 5.976% | 0 pts$0 | $1,988/moP&I $1,988 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.821%APR 6.856% | 0 pts$0 | $2,183/moP&I $2,183 · MI $0 | See details |
| Investment Property FixedConforming | 7.563%APR 7.603% | 0 pts$0 | $2,351/moP&I $2,351 · 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 | 5.927% | 5.976% | 0 pts ($0) | $2,807/mo | $55,615 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.905% | 5.954% | 0 pts ($0) | $3,504/mo | $77,398 |
Condo 10% Down | 10% | 720 credit score | 7.081% | 7.247% | 0 pts ($0) | $2,522/mo | $88,247 |
Conventional 10% Down | 10% | 720 credit score | 6.551% | 6.705% | 0 pts ($0) | $2,389/mo | $82,243 |
Conventional 20% Down | 20% | 740 credit score | 6.858% | 6.893% | 0 pts ($0) | $2,192/mo | $67,673 |
Conventional 5% Down | 5% | 700 credit score | 6.980% | 7.457% | 0 pts ($0) | $2,635/mo | $91,941 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.302% | 7.340% | 0 pts ($0) | $2,864/mo | $98,330 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,472/mo | $83,758 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.763% | 7.137% | 0 pts ($0) | $2,632/mo | $94,874 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.821% | 6.856% | 0 pts ($0) | $2,729/mo | $92,272 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,447/mo | $82,188 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.991% | 6.760% | 0 pts ($0) | $2,457/mo | $86,180 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,531/mo | $88,604 |
FHA Streamline Refi | 0% | 640 credit score | 6.125% | 6.896% | 0 pts ($0) | $2,583/mo | $91,018 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.954% | 7.196% | 0 pts ($0) | $2,628/mo | $95,202 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,613/mo | $51,169 |
Investment Property 25% Down | 25% | 740 credit score | 7.563% | 7.603% | 0 pts ($0) | $2,204/mo | $70,105 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,252/mo | $70,363 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,429/mo | $74,479 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.365% | 7.140% | 0 pts ($0) | $2,556/mo | $90,793 |
Second Home 10% Down | 10% | 720 credit score | 6.005% | 6.578% | 0 pts ($0) | $2,255/mo | $76,069 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,197/mo | $67,935 |
VA 0% Down | 0% | 700 credit score | 5.988% | 6.230% | 0 pts ($0) | $2,555/mo | $84,220 |
VA Cash-Out Refi | 0% | 640 credit score | 5.995% | 6.361% | 0 pts ($0) | $2,557/mo | $84,310 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.011% | 6.162% | 0 pts ($0) | $2,561/mo | $84,515 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,299/mo | $72,721 |
Frequently Asked Questions
What are today's mortgage rates in 04854, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04854, , ME is 6.858% (with an estimated monthly payment of $2,727). Active program rates also include FHA 30-year fixed loans at 5.991% and VA 0%-down fixed loans at 5.988%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04854, , 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 04854, , ME have fluctuated between a low of 6.479% and a high of 6.940%. 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 04854, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $417,739 in 04854, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $83,548 but keeps your monthly payment lower at $2,727/mo (at 6.858% interest) with no monthly PMI. In comparison, an FHA loan requires only $14,621 (3.5% down) but has an estimated payment of $3,057/mo (at 5.991% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $403,118 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 04854 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04854 is $806,501. With a typical local home value of $417,739 in , a standard 20%-down mortgage requires a loan size of $334,191. 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 04854, , ME impact estimated mortgage payments?
The median home value in 04854, , ME is estimated at $417,739. Buying a typical home here with a standard 20% down payment ($83,548) translates to an estimated starting monthly mortgage payment of $2,727 (principal and interest). Compared to the local area median household income of $87,201 ($7,267/mo), this basic housing payment represents approximately 37.5% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.