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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 | 6.998%APR 7.038% | 0 pts$0 | $1,443/moP&I $1,443 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.075%APR 6.848% | 0 pts$0 | $1,435/moP&I $1,334 · MI $101 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.257%APR 6.315% | 0 pts$0 | $1,336/moP&I $1,336 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.127%APR 7.207% | 0 pts$0 | $1,462/moP&I $1,462 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.722% | 0 pts$0 | $1,535/moP&I $1,535 · 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 | 6.257% | 6.315% | 0 pts ($0) | $1,860/mo | $38,168 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.258% | 6.335% | 0 pts ($0) | $2,326/mo | $53,004 |
Condo 10% Down | 10% | 720 credit score | 7.329% | 7.505% | 0 pts ($0) | $1,678/mo | $59,097 |
Conventional 10% Down | 10% | 720 credit score | 6.816% | 6.979% | 0 pts ($0) | $1,593/mo | $55,323 |
Conventional 20% Down | 20% | 740 credit score | 6.998% | 7.038% | 0 pts ($0) | $1,443/mo | $44,835 |
Conventional 5% Down | 5% | 700 credit score | 7.159% | 7.646% | 0 pts ($0) | $1,741/mo | $61,060 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.448% | 7.491% | 0 pts ($0) | $1,886/mo | $65,010 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,604/mo | $54,359 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.844% | 7.224% | 0 pts ($0) | $1,722/mo | $62,215 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.127% | 7.207% | 0 pts ($0) | $1,827/mo | $62,385 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,237/mo | $53,340 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.075% | 6.848% | 0 pts ($0) | $1,609/mo | $56,603 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,643/mo | $57,504 |
FHA Streamline Refi | 0% | 640 credit score | 6.269% | 7.046% | 0 pts ($0) | $1,702/mo | $60,265 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.106% | 7.355% | 0 pts ($0) | $1,732/mo | $62,966 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,696/mo | $33,209 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.722% | 0 pts ($0) | $1,439/mo | $45,879 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,461/mo | $45,665 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,576/mo | $48,337 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.438% | 7.218% | 0 pts ($0) | $1,672/mo | $59,509 |
Second Home 10% Down | 10% | 720 credit score | 6.080% | 6.659% | 0 pts ($0) | $1,475/mo | $49,918 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,426/mo | $44,090 |
VA 0% Down | 0% | 700 credit score | 6.079% | 6.326% | 0 pts ($0) | $1,674/mo | $55,416 |
VA Cash-Out Refi | 0% | 640 credit score | 6.083% | 6.455% | 0 pts ($0) | $1,675/mo | $55,449 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.089% | 6.244% | 0 pts ($0) | $1,676/mo | $55,499 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,492/mo | $47,196 |
Frequently Asked Questions
What are today's mortgage rates in 04989, , ME across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 04989, , ME is 6.998% (with an estimated monthly payment of $1,548). Active program rates also include FHA 30-year fixed loans at 6.075% and VA 0%-down fixed loans at 6.079%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 04989, , 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 04989, , ME have fluctuated between a low of 6.893% and a high of 7.145%. 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 04989, , ME?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $271,112 in 04989, , ME, a standard 20%-down Conventional loan requires an upfront cash down payment of $54,222 but keeps your monthly payment lower at $1,548/mo (at 6.998% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,489 (3.5% down) but has an estimated payment of $1,727/mo (at 6.075% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $261,623 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 04989 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 04989 is $806,501. With a typical local home value of $271,112 in , a standard 20%-down mortgage requires a loan size of $216,890. 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 04989, , ME impact estimated mortgage payments?
The median home value in 04989, , ME is estimated at $271,112. Buying a typical home here with a standard 20% down payment ($54,222) translates to an estimated starting monthly mortgage payment of $1,548 (principal and interest). Compared to the local area median household income of $72,300 ($6,025/mo), this basic housing payment represents approximately 25.7% 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.