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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 | 6.833%APR 6.867% | 0 pts$0 | $3,247/moP&I $3,247 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.958%APR 6.725% | 0 pts$0 | $3,246/moP&I $3,014 · MI $231 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.878%APR 5.925% | 0 pts$0 | $2,937/moP&I $2,937 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.560%APR 6.593% | 0 pts$0 | $3,157/moP&I $3,157 · MI $0 | See details |
| Investment Property FixedConforming | 7.518%APR 7.557% | 0 pts$0 | $3,477/moP&I $3,477 · 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 | 5.878% | 5.925% | 0 pts ($0) | $4,156/mo | $81,899 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.879% | 5.927% | 0 pts ($0) | $5,195/mo | $114,491 |
Condo 10% Down | 10% | 720 credit score | 7.034% | 7.198% | 0 pts ($0) | $3,728/mo | $130,280 |
Conventional 10% Down | 10% | 720 credit score | 6.518% | 6.670% | 0 pts ($0) | $3,536/mo | $121,599 |
Conventional 20% Down | 20% | 740 credit score | 6.833% | 6.867% | 0 pts ($0) | $3,247/mo | $100,140 |
Conventional 5% Down | 5% | 700 credit score | 6.958% | 7.431% | 0 pts ($0) | $3,905/mo | $136,167 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.274% | 7.311% | 0 pts ($0) | $4,243/mo | $145,523 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,672/mo | $124,404 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.711% | 7.082% | 0 pts ($0) | $3,888/mo | $139,971 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.560% | 6.593% | 0 pts ($0) | $3,946/mo | $132,172 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,120/mo | $122,072 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.958% | 6.725% | 0 pts ($0) | $3,636/mo | $127,398 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,759/mo | $131,601 |
FHA Streamline Refi | 0% | 640 credit score | 6.081% | 6.850% | 0 pts ($0) | $3,818/mo | $134,352 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.932% | 7.173% | 0 pts ($0) | $3,895/mo | $141,010 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,882/mo | $76,000 |
Investment Property 25% Down | 25% | 740 credit score | 7.518% | 7.557% | 0 pts ($0) | $3,259/mo | $103,494 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $3,344/mo | $104,509 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,608/mo | $110,622 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.321% | 7.094% | 0 pts ($0) | $3,779/mo | $134,046 |
Second Home 10% Down | 10% | 720 credit score | 5.972% | 6.543% | 0 pts ($0) | $3,338/mo | $112,429 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,264/mo | $100,903 |
VA 0% Down | 0% | 700 credit score | 5.956% | 6.197% | 0 pts ($0) | $3,782/mo | $124,481 |
VA Cash-Out Refi | 0% | 640 credit score | 5.963% | 6.327% | 0 pts ($0) | $3,785/mo | $124,614 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.976% | 6.125% | 0 pts ($0) | $3,790/mo | $124,861 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,414/mo | $108,012 |
Frequently Asked Questions
What are today's mortgage rates in 02852, , RI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 02852, , RI is 6.833% (with an estimated monthly payment of $3,204). Active program rates also include FHA 30-year fixed loans at 5.958% and VA 0%-down fixed loans at 5.956%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 02852, , RI?
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 02852, , RI have fluctuated between a low of 6.453% and a high of 6.913%. 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 02852, , RI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $620,458 in 02852, , RI, a standard 20%-down Conventional loan requires an upfront cash down payment of $124,092 but keeps your monthly payment lower at $3,204/mo (at 6.833% interest) with no monthly PMI. In comparison, an FHA loan requires only $21,716 (3.5% down) but has an estimated payment of $3,588/mo (at 5.958% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $598,742 falls comfortably within the local HUD FHA loan limit of $713,527 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 02852 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 02852 is $806,501. With a typical local home value of $620,458 in , a standard 20%-down mortgage requires a loan size of $496,366. 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 02852, , RI impact estimated mortgage payments?
The median home value in 02852, , RI is estimated at $620,458. Buying a typical home here with a standard 20% down payment ($124,092) translates to an estimated starting monthly mortgage payment of $3,204 (principal and interest). Compared to the local area median household income of $125,190 ($10,433/mo), this basic housing payment represents approximately 30.7% 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.