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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 | 6.873%APR 6.908% | 0 pts$0 | $2,684/moP&I $2,684 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.011%APR 6.780% | 0 pts$0 | $2,687/moP&I $2,496 · MI $191 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.956%APR 6.006% | 0 pts$0 | $2,439/moP&I $2,439 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.839%APR 6.875% | 0 pts$0 | $2,675/moP&I $2,675 · MI $0 | See details |
| Investment Property FixedConforming | 7.590%APR 7.631% | 0 pts$0 | $2,883/moP&I $2,883 · 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 | 5.956% | 6.006% | 0 pts ($0) | $3,439/mo | $68,350 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.940% | 5.991% | 0 pts ($0) | $4,294/mo | $95,163 |
Condo 10% Down | 10% | 720 credit score | 7.109% | 7.276% | 0 pts ($0) | $3,092/mo | $108,299 |
Conventional 10% Down | 10% | 720 credit score | 6.571% | 6.726% | 0 pts ($0) | $2,927/mo | $100,847 |
Conventional 20% Down | 20% | 740 credit score | 6.873% | 6.908% | 0 pts ($0) | $2,684/mo | $82,938 |
Conventional 5% Down | 5% | 700 credit score | 6.993% | 7.470% | 0 pts ($0) | $3,226/mo | $112,619 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.319% | 7.357% | 0 pts ($0) | $3,509/mo | $120,503 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,023/mo | $102,423 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.783% | 7.157% | 0 pts ($0) | $3,225/mo | $116,314 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.839% | 6.875% | 0 pts ($0) | $3,343/mo | $113,110 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,215/mo | $100,503 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.011% | 6.780% | 0 pts ($0) | $3,011/mo | $105,686 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,095/mo | $108,348 |
FHA Streamline Refi | 0% | 640 credit score | 6.173% | 6.945% | 0 pts ($0) | $3,174/mo | $112,050 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.967% | 7.210% | 0 pts ($0) | $3,218/mo | $116,606 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,196/mo | $62,571 |
Investment Property 25% Down | 25% | 740 credit score | 7.590% | 7.631% | 0 pts ($0) | $2,702/mo | $86,039 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,753/mo | $86,042 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,970/mo | $91,075 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.383% | 7.159% | 0 pts ($0) | $3,132/mo | $111,297 |
Second Home 10% Down | 10% | 720 credit score | 6.034% | 6.608% | 0 pts ($0) | $2,766/mo | $93,420 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,687/mo | $83,074 |
VA 0% Down | 0% | 700 credit score | 6.005% | 6.248% | 0 pts ($0) | $3,130/mo | $103,254 |
VA Cash-Out Refi | 0% | 640 credit score | 6.016% | 6.383% | 0 pts ($0) | $3,134/mo | $103,426 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.039% | 6.191% | 0 pts ($0) | $3,142/mo | $103,787 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,811/mo | $88,926 |
Frequently Asked Questions
What are today's mortgage rates in 14506, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 14506, , NY is 6.873% (with an estimated monthly payment of $2,504). Active program rates also include FHA 30-year fixed loans at 6.011% and VA 0%-down fixed loans at 6.005%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 14506, , 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 14506, , NY have fluctuated between a low of 6.495% and a high of 6.956%. 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 14506, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $510,826 in 14506, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $102,165 but keeps your monthly payment lower at $2,504/mo (at 6.873% interest) with no monthly PMI. In comparison, an FHA loan requires only $17,879 (3.5% down) but has an estimated payment of $2,809/mo (at 6.011% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $492,947 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 14506 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 14506 is $806,501. With a typical local home value of $510,826 in , a standard 20%-down mortgage requires a loan size of $408,661. 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 14506, , NY impact estimated mortgage payments?
The median home value in 14506, , NY is estimated at $510,826. Buying a typical home here with a standard 20% down payment ($102,165) translates to an estimated starting monthly mortgage payment of $2,504 (principal and interest). Compared to the local area median household income of $154,760 ($12,897/mo), this basic housing payment represents approximately 19.4% 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.