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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 | 6.976%APR 7.015% | 0 pts$0 | $829/moP&I $829 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.962%APR 6.733% | 0 pts$0 | $817/moP&I $759 · MI $58 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.183%APR 6.239% | 0 pts$0 | $764/moP&I $764 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.766%APR 6.806% | 0 pts$0 | $812/moP&I $812 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.710% | 0 pts$0 | $884/moP&I $884 · 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 | 6.183% | 6.239% | 0 pts ($0) | $1,067/mo | $21,718 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.997% | 6.055% | 0 pts ($0) | $1,318/mo | $29,351 |
Condo 10% Down | 10% | 720 credit score | 7.303% | 7.477% | 0 pts ($0) | $964/mo | $33,931 |
Conventional 10% Down | 10% | 720 credit score | 6.797% | 6.959% | 0 pts ($0) | $916/mo | $31,787 |
Conventional 20% Down | 20% | 740 credit score | 6.976% | 7.015% | 0 pts ($0) | $829/mo | $25,744 |
Conventional 5% Down | 5% | 700 credit score | 7.118% | 7.602% | 0 pts ($0) | $999/mo | $34,989 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.423% | 7.465% | 0 pts ($0) | $1,084/mo | $37,330 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $924/mo | $31,313 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.838% | 7.217% | 0 pts ($0) | $991/mo | $35,810 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.766% | 6.806% | 0 pts ($0) | $1,015/mo | $34,236 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,289/mo | $30,726 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.962% | 6.733% | 0 pts ($0) | $916/mo | $32,084 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $946/mo | $33,124 |
FHA Streamline Refi | 0% | 640 credit score | 6.086% | 6.859% | 0 pts ($0) | $962/mo | $33,840 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.076% | 7.324% | 0 pts ($0) | $995/mo | $36,136 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $977/mo | $19,129 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.710% | 0 pts ($0) | $829/mo | $26,428 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $842/mo | $26,305 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $908/mo | $27,843 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.326% | 7.103% | 0 pts ($0) | $952/mo | $33,762 |
Second Home 10% Down | 10% | 720 credit score | 6.074% | 6.652% | 0 pts ($0) | $849/mo | $28,729 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $821/mo | $25,397 |
VA 0% Down | 0% | 700 credit score | 6.087% | 6.334% | 0 pts ($0) | $965/mo | $31,960 |
VA Cash-Out Refi | 0% | 640 credit score | 6.091% | 6.463% | 0 pts ($0) | $966/mo | $31,979 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.083% | 6.238% | 0 pts ($0) | $965/mo | $31,941 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $859/mo | $27,186 |
Frequently Asked Questions
What are today's mortgage rates in 12915, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12915, , NY is 6.976% (with an estimated monthly payment of $1,664). Active program rates also include FHA 30-year fixed loans at 5.962% and VA 0%-down fixed loans at 6.087%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12915, , 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 12915, , NY have fluctuated between a low of 6.864% and a high of 7.117%. 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 12915, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $156,169 in 12915, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $31,234 but keeps your monthly payment lower at $1,664/mo (at 6.976% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,466 (3.5% down) but has an estimated payment of $1,837/mo (at 5.962% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $150,703 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 12915 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12915 is $806,501. With a typical local home value of $156,169 in , a standard 20%-down mortgage requires a loan size of $124,935. 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 12915, , NY impact estimated mortgage payments?
The median home value in 12915, , NY is estimated at $156,169. Buying a typical home here with a standard 20% down payment ($31,234) translates to an estimated starting monthly mortgage payment of $1,664 (principal and interest). Compared to the local area median household income of $78,125 ($6,510/mo), this basic housing payment represents approximately 25.6% 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.