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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 | 6.907%APR 6.944% | 0 pts$0 | $1,906/moP&I $1,906 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.942%APR 6.711% | 0 pts$0 | $1,888/moP&I $1,754 · MI $135 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.008%APR 6.060% | 0 pts$0 | $1,736/moP&I $1,736 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.020%APR 7.081% | 0 pts$0 | $1,928/moP&I $1,928 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.672% | 0 pts$0 | $2,047/moP&I $2,047 · 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 | 6.008% | 6.060% | 0 pts ($0) | $2,442/mo | $48,813 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.057% | 6.120% | 0 pts ($0) | $3,062/mo | $68,579 |
Condo 10% Down | 10% | 720 credit score | 7.186% | 7.356% | 0 pts ($0) | $2,206/mo | $77,408 |
Conventional 10% Down | 10% | 720 credit score | 6.609% | 6.765% | 0 pts ($0) | $2,080/mo | $71,750 |
Conventional 20% Down | 20% | 740 credit score | 6.907% | 6.944% | 0 pts ($0) | $1,906/mo | $58,998 |
Conventional 5% Down | 5% | 700 credit score | 7.025% | 7.503% | 0 pts ($0) | $2,291/mo | $80,041 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.350% | 7.389% | 0 pts ($0) | $2,491/mo | $85,628 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,140/mo | $72,493 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.819% | 7.195% | 0 pts ($0) | $2,291/mo | $82,705 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.020% | 7.081% | 0 pts ($0) | $2,410/mo | $82,030 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,983/mo | $71,134 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.942% | 6.711% | 0 pts ($0) | $2,115/mo | $74,066 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,191/mo | $76,686 |
FHA Streamline Refi | 0% | 640 credit score | 6.059% | 6.830% | 0 pts ($0) | $2,220/mo | $78,046 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.992% | 7.237% | 0 pts ($0) | $2,283/mo | $82,790 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,262/mo | $44,287 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.672% | 0 pts ($0) | $1,919/mo | $61,184 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,949/mo | $60,899 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,102/mo | $64,461 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.300% | 7.075% | 0 pts ($0) | $2,197/mo | $77,887 |
Second Home 10% Down | 10% | 720 credit score | 5.947% | 6.520% | 0 pts ($0) | $1,940/mo | $65,270 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,902/mo | $58,798 |
VA 0% Down | 0% | 700 credit score | 6.054% | 6.298% | 0 pts ($0) | $2,227/mo | $73,625 |
VA Cash-Out Refi | 0% | 640 credit score | 6.065% | 6.434% | 0 pts ($0) | $2,230/mo | $73,747 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.071% | 6.224% | 0 pts ($0) | $2,231/mo | $73,814 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,990/mo | $62,940 |
Frequently Asked Questions
What are today's mortgage rates in 01235, , MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 01235, , MA is 6.907% (with an estimated monthly payment of $2,168). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.054%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 01235, , MA?
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 01235, , MA have fluctuated between a low of 6.536% and a high of 6.986%. 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 01235, , MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $361,553 in 01235, , MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $72,311 but keeps your monthly payment lower at $2,168/mo (at 6.907% interest) with no monthly PMI. In comparison, an FHA loan requires only $12,654 (3.5% down) but has an estimated payment of $2,405/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $348,899 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 01235 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 01235 is $806,501. With a typical local home value of $361,553 in , a standard 20%-down mortgage requires a loan size of $289,242. 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 01235, , MA impact estimated mortgage payments?
The median home value in 01235, , MA is estimated at $361,553. Buying a typical home here with a standard 20% down payment ($72,311) translates to an estimated starting monthly mortgage payment of $2,168 (principal and interest). Compared to the local area median household income of $83,988 ($6,999/mo), this basic housing payment represents approximately 31.0% 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.