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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 | 6.846%APR 6.880% | 0 pts$0 | $3,178/moP&I $3,178 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.976%APR 6.744% | 0 pts$0 | $3,179/moP&I $2,952 · MI $226 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.904%APR 5.952% | 0 pts$0 | $2,879/moP&I $2,879 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.813%APR 6.848% | 0 pts$0 | $3,167/moP&I $3,167 · MI $0 | See details |
| Investment Property FixedConforming | 7.542%APR 7.581% | 0 pts$0 | $3,407/moP&I $3,407 · 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 | 5.904% | 5.952% | 0 pts ($0) | $4,069/mo | $80,423 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.890% | 5.939% | 0 pts ($0) | $5,082/mo | $112,110 |
Condo 10% Down | 10% | 720 credit score | 7.059% | 7.224% | 0 pts ($0) | $3,653/mo | $127,761 |
Conventional 10% Down | 10% | 720 credit score | 6.536% | 6.689% | 0 pts ($0) | $3,463/mo | $119,161 |
Conventional 20% Down | 20% | 740 credit score | 6.846% | 6.880% | 0 pts ($0) | $3,178/mo | $98,078 |
Conventional 5% Down | 5% | 700 credit score | 6.970% | 7.446% | 0 pts ($0) | $3,822/mo | $133,313 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.289% | 7.326% | 0 pts ($0) | $4,153/mo | $142,525 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,589/mo | $121,607 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.748% | 7.121% | 0 pts ($0) | $3,815/mo | $137,479 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.813% | 6.848% | 0 pts ($0) | $3,959/mo | $133,821 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,005/mo | $119,327 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.976% | 6.744% | 0 pts ($0) | $3,561/mo | $124,855 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,675/mo | $128,642 |
FHA Streamline Refi | 0% | 640 credit score | 6.105% | 6.875% | 0 pts ($0) | $3,742/mo | $131,776 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.943% | 7.184% | 0 pts ($0) | $3,811/mo | $138,030 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,794/mo | $74,291 |
Investment Property 25% Down | 25% | 740 credit score | 7.542% | 7.581% | 0 pts ($0) | $3,194/mo | $101,496 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $3,269/mo | $102,158 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,527/mo | $108,134 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.345% | 7.119% | 0 pts ($0) | $3,704/mo | $131,462 |
Second Home 10% Down | 10% | 720 credit score | 5.991% | 6.563% | 0 pts ($0) | $3,270/mo | $110,213 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,190/mo | $98,634 |
VA 0% Down | 0% | 700 credit score | 5.973% | 6.215% | 0 pts ($0) | $3,704/mo | $121,998 |
VA Cash-Out Refi | 0% | 640 credit score | 5.980% | 6.345% | 0 pts ($0) | $3,707/mo | $122,128 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.995% | 6.145% | 0 pts ($0) | $3,712/mo | $122,407 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $3,337/mo | $105,583 |
Frequently Asked Questions
What are today's mortgage rates in 12503, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12503, , NY is 6.846% (with an estimated monthly payment of $2,928). Active program rates also include FHA 30-year fixed loans at 5.976% and VA 0%-down fixed loans at 5.973%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12503, , 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 12503, , NY have fluctuated between a low of 6.467% and a high of 6.927%. 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 12503, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $606,506 in 12503, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $121,301 but keeps your monthly payment lower at $2,928/mo (at 6.846% interest) with no monthly PMI. In comparison, an FHA loan requires only $21,228 (3.5% down) but has an estimated payment of $3,282/mo (at 5.976% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $585,278 falls comfortably within the local HUD FHA loan limit of $697,482 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 12503 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12503 is $806,501. With a typical local home value of $606,506 in , a standard 20%-down mortgage requires a loan size of $485,205. 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 12503, , NY impact estimated mortgage payments?
The median home value in 12503, , NY is estimated at $606,506. Buying a typical home here with a standard 20% down payment ($121,301) translates to an estimated starting monthly mortgage payment of $2,928 (principal and interest). Compared to the local area median household income of $99,773 ($8,314/mo), this basic housing payment represents approximately 35.2% 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.