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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 | 7.035%APR 7.079% | 0 pts$0 | $927/moP&I $927 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.099%APR 6.877% | 0 pts$0 | $921/moP&I $856 · MI $65 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.289%APR 6.354% | 0 pts$0 | $858/moP&I $858 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.148%APR 7.224% | 0 pts$0 | $937/moP&I $937 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.745% | 0 pts$0 | $983/moP&I $983 · 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 | 6.289% | 6.354% | 0 pts ($0) | $1,193/mo | $24,558 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.267% | 6.346% | 0 pts ($0) | $1,489/mo | $33,971 |
Condo 10% Down | 10% | 720 credit score | 7.369% | 7.550% | 0 pts ($0) | $1,078/mo | $38,014 |
Conventional 10% Down | 10% | 720 credit score | 6.836% | 7.003% | 0 pts ($0) | $1,022/mo | $35,504 |
Conventional 20% Down | 20% | 740 credit score | 7.035% | 7.079% | 0 pts ($0) | $927/mo | $28,852 |
Conventional 5% Down | 5% | 700 credit score | 7.125% | 7.615% | 0 pts ($0) | $1,111/mo | $38,913 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.480% | 7.527% | 0 pts ($0) | $1,211/mo | $41,778 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,027/mo | $34,793 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.785% | 7.166% | 0 pts ($0) | $1,096/mo | $39,522 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.148% | 7.224% | 0 pts ($0) | $1,172/mo | $40,040 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,432/mo | $34,141 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.099% | 6.877% | 0 pts ($0) | $1,032/mo | $36,352 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,051/mo | $36,806 |
FHA Streamline Refi | 0% | 640 credit score | 6.293% | 7.074% | 0 pts ($0) | $1,092/mo | $38,700 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.082% | 7.334% | 0 pts ($0) | $1,106/mo | $40,182 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,086/mo | $21,255 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.745% | 0 pts ($0) | $921/mo | $29,365 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $935/mo | $29,228 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,009/mo | $30,938 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.459% | 7.243% | 0 pts ($0) | $1,072/mo | $38,197 |
Second Home 10% Down | 10% | 720 credit score | 6.111% | 6.694% | 0 pts ($0) | $948/mo | $32,096 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $913/mo | $28,220 |
VA 0% Down | 0% | 700 credit score | 6.133% | 6.385% | 0 pts ($0) | $1,078/mo | $35,757 |
VA Cash-Out Refi | 0% | 640 credit score | 6.124% | 6.501% | 0 pts ($0) | $1,077/mo | $35,709 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.142% | 6.302% | 0 pts ($0) | $1,079/mo | $35,805 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $955/mo | $30,208 |
Frequently Asked Questions
What are today's mortgage rates in 13220, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 13220, , NY is 7.035% (with an estimated monthly payment of $1,083). Active program rates also include FHA 30-year fixed loans at 6.099% and VA 0%-down fixed loans at 6.133%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 13220, , 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 13220, , NY have fluctuated between a low of 6.919% and a high of 7.167%. 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 13220, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $173,527 in 13220, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $34,705 but keeps your monthly payment lower at $1,083/mo (at 7.035% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,073 (3.5% down) but has an estimated payment of $1,207/mo (at 6.099% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $167,454 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 13220 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 13220 is $806,501. With a typical local home value of $173,527 in , a standard 20%-down mortgage requires a loan size of $138,822. 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 13220, , NY impact estimated mortgage payments?
The median home value in 13220, , NY is estimated at $173,527. Buying a typical home here with a standard 20% down payment ($34,705) translates to an estimated starting monthly mortgage payment of $1,083 (principal and interest). Compared to the local area median household income of $73,182 ($6,099/mo), this basic housing payment represents approximately 17.8% 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.