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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 | 6.825%APR 6.859% | 0 pts$0 | $3,419/moP&I $3,419 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.948%APR 6.715% | 0 pts$0 | $3,418/moP&I $3,174 · MI $244 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.871%APR 5.918% | 0 pts$0 | $3,093/moP&I $3,093 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.858%APR 6.892% | 0 pts$0 | $3,431/moP&I $3,431 · MI $0 | See details |
| Investment Property FixedConforming | 7.504%APR 7.542% | 0 pts$0 | $3,659/moP&I $3,659 · 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 | 5.871% | 5.918% | 0 pts ($0) | $4,378/mo | $86,213 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.850% | 5.897% | 0 pts ($0) | $5,465/mo | $120,121 |
Condo 10% Down | 10% | 720 credit score | 7.019% | 7.182% | 0 pts ($0) | $3,923/mo | $137,043 |
Conventional 10% Down | 10% | 720 credit score | 6.508% | 6.660% | 0 pts ($0) | $3,723/mo | $127,984 |
Conventional 20% Down | 20% | 740 credit score | 6.825% | 6.859% | 0 pts ($0) | $3,419/mo | $105,417 |
Conventional 5% Down | 5% | 700 credit score | 6.951% | 7.424% | 0 pts ($0) | $4,113/mo | $143,384 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.266% | 7.302% | 0 pts ($0) | $4,468/mo | $153,218 |
Conventional High Balance | 10% | 740 credit score | 7.001% | 7.034% | 0 pts ($0) | $3,916/mo | $133,193 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.683% | 7.053% | 0 pts ($0) | $4,086/mo | $146,989 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.858% | 6.892% | 0 pts ($0) | $4,288/mo | $145,174 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,396/mo | $128,660 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.948% | 6.715% | 0 pts ($0) | $3,828/mo | $134,079 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,962/mo | $138,702 |
FHA Streamline Refi | 0% | 640 credit score | 6.068% | 6.837% | 0 pts ($0) | $4,018/mo | $141,342 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.925% | 7.166% | 0 pts ($0) | $4,102/mo | $148,488 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $4,091/mo | $80,101 |
Investment Property 25% Down | 25% | 740 credit score | 7.504% | 7.542% | 0 pts ($0) | $3,431/mo | $108,871 |
Jumbo Conforming | 20% | 760 credit score | 7.003% | 7.035% | 0 pts ($0) | $3,482/mo | $108,224 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,802/mo | $116,591 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.308% | 7.081% | 0 pts ($0) | $3,978/mo | $141,029 |
Second Home 10% Down | 10% | 720 credit score | 5.961% | 6.532% | 0 pts ($0) | $3,514/mo | $118,302 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,440/mo | $106,347 |
VA 0% Down | 0% | 700 credit score | 5.947% | 6.187% | 0 pts ($0) | $3,982/mo | $131,017 |
VA Cash-Out Refi | 0% | 640 credit score | 5.953% | 6.317% | 0 pts ($0) | $3,985/mo | $131,138 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.965% | 6.114% | 0 pts ($0) | $3,990/mo | $131,378 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,598/mo | $113,840 |
Frequently Asked Questions
What are today's mortgage rates in 10524, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 10524, , NY is 6.825% (with an estimated monthly payment of $3,382). Active program rates also include FHA 30-year fixed loans at 5.948% and VA 0%-down fixed loans at 5.947%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 10524, , NY?
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 10524, , NY have fluctuated between a low of 6.445% and a high of 6.905%. 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 10524, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $653,939 in 10524, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $130,788 but keeps your monthly payment lower at $3,382/mo (at 6.825% interest) with no monthly PMI. In comparison, an FHA loan requires only $22,888 (3.5% down) but has an estimated payment of $3,787/mo (at 5.948% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $631,051 falls comfortably within the local HUD FHA loan limit of $752,030 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 10524 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 10524 is $806,501. With a typical local home value of $653,939 in , a standard 20%-down mortgage requires a loan size of $523,151. 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 10524, , NY impact estimated mortgage payments?
The median home value in 10524, , NY is estimated at $653,939. Buying a typical home here with a standard 20% down payment ($130,788) translates to an estimated starting monthly mortgage payment of $3,382 (principal and interest). Compared to the local area median household income of $134,323 ($11,194/mo), this basic housing payment represents approximately 30.2% 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.