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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 | 6.957%APR 6.995% | 0 pts$0 | $1,805/moP&I $1,805 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.956%APR 6.726% | 0 pts$0 | $1,782/moP&I $1,654 · MI $127 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.110%APR 6.165% | 0 pts$0 | $1,653/moP&I $1,653 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.981%APR 7.020% | 0 pts$0 | $1,809/moP&I $1,809 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.700% | 0 pts$0 | $1,929/moP&I $1,929 · 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 | 6.110% | 6.165% | 0 pts ($0) | $2,316/mo | $46,790 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.051% | 6.106% | 0 pts ($0) | $2,884/mo | $64,547 |
Condo 10% Down | 10% | 720 credit score | 7.282% | 7.455% | 0 pts ($0) | $2,098/mo | $73,812 |
Conventional 10% Down | 10% | 720 credit score | 6.781% | 6.942% | 0 pts ($0) | $1,995/mo | $69,182 |
Conventional 20% Down | 20% | 740 credit score | 6.957% | 6.995% | 0 pts ($0) | $1,805/mo | $55,991 |
Conventional 5% Down | 5% | 700 credit score | 7.093% | 7.576% | 0 pts ($0) | $2,173/mo | $76,068 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.401% | 7.442% | 0 pts ($0) | $2,359/mo | $81,192 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,016/mo | $68,294 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.833% | 7.212% | 0 pts ($0) | $2,161/mo | $78,054 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.981% | 7.020% | 0 pts ($0) | $2,262/mo | $76,878 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,811/mo | $67,014 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.956% | 6.726% | 0 pts ($0) | $1,996/mo | $69,917 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,064/mo | $72,244 |
FHA Streamline Refi | 0% | 640 credit score | 6.079% | 6.851% | 0 pts ($0) | $2,096/mo | $73,734 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.050% | 7.297% | 0 pts ($0) | $2,164/mo | $78,561 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,131/mo | $41,721 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.700% | 0 pts ($0) | $1,808/mo | $57,640 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,836/mo | $57,372 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,981/mo | $60,727 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.319% | 7.096% | 0 pts ($0) | $2,074/mo | $73,567 |
Second Home 10% Down | 10% | 720 credit score | 5.962% | 6.537% | 0 pts ($0) | $1,830/mo | $61,628 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,792/mo | $55,392 |
VA 0% Down | 0% | 700 credit score | 6.081% | 6.327% | 0 pts ($0) | $2,104/mo | $69,643 |
VA Cash-Out Refi | 0% | 640 credit score | 6.084% | 6.455% | 0 pts ($0) | $2,105/mo | $69,674 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.092% | 6.246% | 0 pts ($0) | $2,107/mo | $69,758 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,874/mo | $59,295 |
Frequently Asked Questions
What are today's mortgage rates in 04973, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04973, , ME is 6.957% (with an estimated monthly payment of $1,774). Active program rates also include FHA 30-year fixed loans at 5.956% and VA 0%-down fixed loans at 6.081%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04973, , 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 04973, , ME have fluctuated between a low of 6.618% and a high of 7.076%. 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 04973, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $340,610 in 04973, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $68,122 but keeps your monthly payment lower at $1,774/mo (at 6.957% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,921 (3.5% down) but has an estimated payment of $1,962/mo (at 5.956% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $328,689 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 04973 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04973 is $806,501. With a typical local home value of $340,610 in , a standard 20%-down mortgage requires a loan size of $272,488. 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 04973, , ME impact estimated mortgage payments?
The median home value in 04973, , ME is estimated at $340,610. Buying a typical home here with a standard 20% down payment ($68,122) translates to an estimated starting monthly mortgage payment of $1,774 (principal and interest). Compared to the local area median household income of $71,340 ($5,945/mo), this basic housing payment represents approximately 29.8% 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.