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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 | 6.997%APR 7.040% | 0 pts$0 | $658/moP&I $658 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.099%APR 6.876% | 0 pts$0 | $656/moP&I $610 · MI $46 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.256%APR 6.319% | 0 pts$0 | $610/moP&I $610 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.119%APR 7.194% | 0 pts$0 | $666/moP&I $666 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.729% | 0 pts$0 | $700/moP&I $700 · 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 | 6.256% | 6.319% | 0 pts ($0) | $849/mo | $17,408 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.250% | 6.328% | 0 pts ($0) | $1,060/mo | $24,150 |
Condo 10% Down | 10% | 720 credit score | 7.341% | 7.521% | 0 pts ($0) | $766/mo | $26,998 |
Conventional 10% Down | 10% | 720 credit score | 6.812% | 6.978% | 0 pts ($0) | $727/mo | $25,223 |
Conventional 20% Down | 20% | 740 credit score | 6.997% | 7.040% | 0 pts ($0) | $658/mo | $20,449 |
Conventional 5% Down | 5% | 700 credit score | 7.294% | 7.790% | 0 pts ($0) | $805/mo | $28,331 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.448% | 7.494% | 0 pts ($0) | $860/mo | $29,655 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $732/mo | $24,797 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.874% | 7.257% | 0 pts ($0) | $788/mo | $28,488 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.119% | 7.194% | 0 pts ($0) | $833/mo | $28,428 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,021/mo | $24,332 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.099% | 6.876% | 0 pts ($0) | $736/mo | $25,908 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $749/mo | $26,231 |
FHA Streamline Refi | 0% | 640 credit score | 6.293% | 7.073% | 0 pts ($0) | $778/mo | $27,581 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.266% | 7.522% | 0 pts ($0) | $803/mo | $29,290 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $774/mo | $15,149 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.729% | 0 pts ($0) | $657/mo | $20,928 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $667/mo | $20,831 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $719/mo | $22,049 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.460% | 7.243% | 0 pts ($0) | $764/mo | $27,226 |
Second Home 10% Down | 10% | 720 credit score | 6.099% | 6.681% | 0 pts ($0) | $674/mo | $22,834 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $651/mo | $20,112 |
VA 0% Down | 0% | 700 credit score | 6.122% | 6.373% | 0 pts ($0) | $767/mo | $25,442 |
VA Cash-Out Refi | 0% | 640 credit score | 6.123% | 6.499% | 0 pts ($0) | $767/mo | $25,446 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.125% | 6.284% | 0 pts ($0) | $768/mo | $25,453 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $681/mo | $21,529 |
Frequently Asked Questions
What are today's mortgage rates in 13155, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 13155, , NY is 6.997% (with an estimated monthly payment of $1,151). Active program rates also include FHA 30-year fixed loans at 6.099% and VA 0%-down fixed loans at 6.122%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 13155, , 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 13155, , NY have fluctuated between a low of 6.889% and a high of 7.130%. 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 13155, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $123,671 in 13155, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $24,734 but keeps your monthly payment lower at $1,151/mo (at 6.997% interest) with no monthly PMI. In comparison, an FHA loan requires only $4,328 (3.5% down) but has an estimated payment of $1,287/mo (at 6.099% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $119,343 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 13155 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 13155 is $806,501. With a typical local home value of $123,671 in , a standard 20%-down mortgage requires a loan size of $98,937. 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 13155, , NY impact estimated mortgage payments?
The median home value in 13155, , NY is estimated at $123,671. Buying a typical home here with a standard 20% down payment ($24,734) translates to an estimated starting monthly mortgage payment of $1,151 (principal and interest). Compared to the local area median household income of $63,056 ($5,255/mo), this basic housing payment represents approximately 21.9% 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.