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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 | 6.973%APR 7.012% | 0 pts$0 | $1,428/moP&I $1,428 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.961%APR 6.732% | 0 pts$0 | $1,407/moP&I $1,307 · MI $100 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.167%APR 6.223% | 0 pts$0 | $1,313/moP&I $1,313 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.928%APR 6.967% | 0 pts$0 | $1,421/moP&I $1,421 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.708% | 0 pts$0 | $1,523/moP&I $1,523 · 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 | 6.167% | 6.223% | 0 pts ($0) | $1,835/mo | $37,302 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.103% | 6.160% | 0 pts ($0) | $2,285/mo | $51,373 |
Condo 10% Down | 10% | 720 credit score | 7.300% | 7.474% | 0 pts ($0) | $1,659/mo | $58,415 |
Conventional 10% Down | 10% | 720 credit score | 6.794% | 6.955% | 0 pts ($0) | $1,577/mo | $54,722 |
Conventional 20% Down | 20% | 740 credit score | 6.973% | 7.012% | 0 pts ($0) | $1,428/mo | $44,316 |
Conventional 5% Down | 5% | 700 credit score | 7.114% | 7.598% | 0 pts ($0) | $1,719/mo | $60,227 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.420% | 7.462% | 0 pts ($0) | $1,866/mo | $64,265 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,592/mo | $53,926 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.837% | 7.216% | 0 pts ($0) | $1,707/mo | $61,664 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.928% | 6.967% | 0 pts ($0) | $1,776/mo | $60,275 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,219/mo | $52,916 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.961% | 6.732% | 0 pts ($0) | $1,577/mo | $55,248 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,629/mo | $57,046 |
FHA Streamline Refi | 0% | 640 credit score | 6.085% | 6.858% | 0 pts ($0) | $1,656/mo | $58,271 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.071% | 7.319% | 0 pts ($0) | $1,712/mo | $62,195 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,683/mo | $32,944 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.708% | 0 pts ($0) | $1,428/mo | $45,514 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,450/mo | $45,302 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,564/mo | $47,952 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.325% | 7.102% | 0 pts ($0) | $1,639/mo | $58,138 |
Second Home 10% Down | 10% | 720 credit score | 6.073% | 6.651% | 0 pts ($0) | $1,463/mo | $49,470 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,415/mo | $43,739 |
VA 0% Down | 0% | 700 credit score | 6.086% | 6.333% | 0 pts ($0) | $1,662/mo | $55,033 |
VA Cash-Out Refi | 0% | 640 credit score | 6.090% | 6.462% | 0 pts ($0) | $1,663/mo | $55,066 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.081% | 6.236% | 0 pts ($0) | $1,662/mo | $54,991 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,480/mo | $46,820 |
Frequently Asked Questions
What are today's mortgage rates in 04978, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04978, , ME is 6.973% (with an estimated monthly payment of $1,680). Active program rates also include FHA 30-year fixed loans at 5.961% 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 04978, , 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 04978, , ME have fluctuated between a low of 6.861% and a high of 7.111%. 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 04978, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $268,954 in 04978, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $53,791 but keeps your monthly payment lower at $1,680/mo (at 6.973% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,413 (3.5% down) but has an estimated payment of $1,856/mo (at 5.961% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $259,541 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 04978 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04978 is $806,501. With a typical local home value of $268,954 in , a standard 20%-down mortgage requires a loan size of $215,163. 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 04978, , ME impact estimated mortgage payments?
The median home value in 04978, , ME is estimated at $268,954. Buying a typical home here with a standard 20% down payment ($53,791) translates to an estimated starting monthly mortgage payment of $1,680 (principal and interest). Compared to the local area median household income of $74,519 ($6,210/mo), this basic housing payment represents approximately 27.1% 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.