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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 | 6.965%APR 7.004% | 0 pts$0 | $865/moP&I $865 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.959%APR 6.730% | 0 pts$0 | $853/moP&I $793 · MI $61 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.125%APR 6.180% | 0 pts$0 | $793/moP&I $793 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.978%APR 7.017% | 0 pts$0 | $866/moP&I $866 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.704% | 0 pts$0 | $924/moP&I $924 · 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 | 6.125% | 6.180% | 0 pts ($0) | $1,110/mo | $22,463 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.044% | 6.099% | 0 pts ($0) | $1,380/mo | $30,876 |
Condo 10% Down | 10% | 720 credit score | 7.291% | 7.465% | 0 pts ($0) | $1,005/mo | $35,385 |
Conventional 10% Down | 10% | 720 credit score | 6.788% | 6.949% | 0 pts ($0) | $956/mo | $33,159 |
Conventional 20% Down | 20% | 740 credit score | 6.965% | 7.004% | 0 pts ($0) | $865/mo | $26,843 |
Conventional 5% Down | 5% | 700 credit score | 7.104% | 7.587% | 0 pts ($0) | $1,042/mo | $36,477 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.411% | 7.453% | 0 pts ($0) | $1,131/mo | $38,929 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $965/mo | $32,703 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.835% | 7.214% | 0 pts ($0) | $1,035/mo | $37,386 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.978% | 7.017% | 0 pts ($0) | $1,083/mo | $36,799 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,346/mo | $32,090 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.959% | 6.730% | 0 pts ($0) | $956/mo | $33,495 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $988/mo | $34,595 |
FHA Streamline Refi | 0% | 640 credit score | 6.082% | 6.855% | 0 pts ($0) | $1,004/mo | $35,323 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.062% | 7.310% | 0 pts ($0) | $1,037/mo | $37,675 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,020/mo | $19,979 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.704% | 0 pts ($0) | $866/mo | $27,601 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $879/mo | $27,473 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $948/mo | $29,080 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.322% | 7.099% | 0 pts ($0) | $994/mo | $35,242 |
Second Home 10% Down | 10% | 720 credit score | 6.070% | 6.648% | 0 pts ($0) | $887/mo | $29,987 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $858/mo | $26,525 |
VA 0% Down | 0% | 700 credit score | 6.084% | 6.330% | 0 pts ($0) | $1,008/mo | $33,364 |
VA Cash-Out Refi | 0% | 640 credit score | 6.087% | 6.458% | 0 pts ($0) | $1,008/mo | $33,379 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.078% | 6.232% | 0 pts ($0) | $1,007/mo | $33,334 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $898/mo | $28,394 |
Frequently Asked Questions
What are today's mortgage rates in 12922, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 12922, , NY is 6.965% (with an estimated monthly payment of $1,724). Active program rates also include FHA 30-year fixed loans at 5.959% and VA 0%-down fixed loans at 6.084%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 12922, , 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 12922, , NY have fluctuated between a low of 6.853% and a high of 7.094%. 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 12922, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $163,104 in 12922, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $32,621 but keeps your monthly payment lower at $1,724/mo (at 6.965% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,709 (3.5% down) but has an estimated payment of $1,905/mo (at 5.959% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $157,395 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 12922 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 12922 is $806,501. With a typical local home value of $163,104 in , a standard 20%-down mortgage requires a loan size of $130,483. 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 12922, , NY impact estimated mortgage payments?
The median home value in 12922, , NY is estimated at $163,104. Buying a typical home here with a standard 20% down payment ($32,621) translates to an estimated starting monthly mortgage payment of $1,724 (principal and interest). Compared to the local area median household income of $68,553 ($5,713/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.