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 Phillips
We rank active Phillips 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 | 6.971%APR 7.010% | 0 pts$0 | $1,193/moP&I $1,193 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.960%APR 6.731% | 0 pts$0 | $1,176/moP&I $1,093 · MI $84 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.156%APR 6.212% | 0 pts$0 | $1,096/moP&I $1,096 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.982%APR 7.021% | 0 pts$0 | $1,194/moP&I $1,194 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.707% | 0 pts$0 | $1,273/moP&I $1,273 · 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 | 6.156% | 6.212% | 0 pts ($0) | $1,533/mo | $31,125 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.053% | 6.108% | 0 pts ($0) | $1,904/mo | $42,619 |
Condo 10% Down | 10% | 720 credit score | 7.297% | 7.471% | 0 pts ($0) | $1,387/mo | $48,813 |
Conventional 10% Down | 10% | 720 credit score | 6.793% | 6.954% | 0 pts ($0) | $1,318/mo | $45,738 |
Conventional 20% Down | 20% | 740 credit score | 6.971% | 7.010% | 0 pts ($0) | $1,193/mo | $37,035 |
Conventional 5% Down | 5% | 700 credit score | 7.111% | 7.595% | 0 pts ($0) | $1,437/mo | $50,327 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.417% | 7.459% | 0 pts ($0) | $1,559/mo | $53,702 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,330/mo | $45,079 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.837% | 7.216% | 0 pts ($0) | $1,427/mo | $51,548 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.982% | 7.021% | 0 pts ($0) | $1,493/mo | $50,752 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,855/mo | $44,234 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.960% | 6.731% | 0 pts ($0) | $1,318/mo | $46,177 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,362/mo | $47,687 |
FHA Streamline Refi | 0% | 640 credit score | 6.084% | 6.857% | 0 pts ($0) | $1,384/mo | $48,704 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.069% | 7.317% | 0 pts ($0) | $1,431/mo | $51,978 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,407/mo | $27,539 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.707% | 0 pts ($0) | $1,193/mo | $38,047 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,212/mo | $37,870 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,307/mo | $40,085 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.324% | 7.101% | 0 pts ($0) | $1,370/mo | $48,593 |
Second Home 10% Down | 10% | 720 credit score | 6.072% | 6.650% | 0 pts ($0) | $1,223/mo | $41,348 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,183/mo | $36,563 |
VA 0% Down | 0% | 700 credit score | 6.086% | 6.333% | 0 pts ($0) | $1,390/mo | $46,004 |
VA Cash-Out Refi | 0% | 640 credit score | 6.089% | 6.461% | 0 pts ($0) | $1,390/mo | $46,025 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.081% | 6.236% | 0 pts ($0) | $1,389/mo | $45,969 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,237/mo | $39,139 |
Frequently Asked Questions
What are today's mortgage rates in 04966, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04966, , ME is 6.971% (with an estimated monthly payment of $1,692). Active program rates also include FHA 30-year fixed loans at 5.960% and VA 0%-down fixed loans at 6.086%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04966, , 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 04966, , ME have fluctuated between a low of 6.859% and a high of 7.106%. 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 04966, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $224,829 in 04966, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $44,966 but keeps your monthly payment lower at $1,692/mo (at 6.971% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,869 (3.5% down) but has an estimated payment of $1,868/mo (at 5.960% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $216,960 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 04966 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04966 is $806,501. With a typical local home value of $224,829 in , a standard 20%-down mortgage requires a loan size of $179,863. 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 04966, , ME impact estimated mortgage payments?
The median home value in 04966, , ME is estimated at $224,829. Buying a typical home here with a standard 20% down payment ($44,966) translates to an estimated starting monthly mortgage payment of $1,692 (principal and interest). Compared to the local area median household income of $54,627 ($4,552/mo), this basic housing payment represents approximately 37.2% 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.