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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 | 6.982%APR 7.021% | 0 pts$0 | $1,181/moP&I $1,181 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.068%APR 6.841% | 0 pts$0 | $1,176/moP&I $1,093 · MI $83 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.219%APR 6.276% | 0 pts$0 | $1,091/moP&I $1,091 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.999%APR 7.039% | 0 pts$0 | $1,183/moP&I $1,183 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.713% | 0 pts$0 | $1,258/moP&I $1,258 · 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 | 6.219% | 6.276% | 0 pts ($0) | $1,522/mo | $31,094 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.088% | 6.144% | 0 pts ($0) | $1,886/mo | $42,357 |
Condo 10% Down | 10% | 720 credit score | 7.311% | 7.485% | 0 pts ($0) | $1,373/mo | $48,339 |
Conventional 10% Down | 10% | 720 credit score | 6.802% | 6.964% | 0 pts ($0) | $1,304/mo | $45,269 |
Conventional 20% Down | 20% | 740 credit score | 6.982% | 7.021% | 0 pts ($0) | $1,181/mo | $36,670 |
Conventional 5% Down | 5% | 700 credit score | 7.120% | 7.606% | 0 pts ($0) | $1,422/mo | $49,808 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.430% | 7.472% | 0 pts ($0) | $1,543/mo | $53,174 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,315/mo | $44,563 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.840% | 7.220% | 0 pts ($0) | $1,411/mo | $50,977 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.999% | 7.039% | 0 pts ($0) | $1,479/mo | $50,285 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,834/mo | $43,728 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.068% | 6.841% | 0 pts ($0) | $1,318/mo | $46,357 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,347/mo | $47,141 |
FHA Streamline Refi | 0% | 640 credit score | 6.263% | 7.039% | 0 pts ($0) | $1,394/mo | $49,364 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.084% | 7.332% | 0 pts ($0) | $1,417/mo | $51,479 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,390/mo | $27,224 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.713% | 0 pts ($0) | $1,180/mo | $37,611 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,198/mo | $37,436 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,292/mo | $39,626 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.433% | 7.212% | 0 pts ($0) | $1,370/mo | $48,753 |
Second Home 10% Down | 10% | 720 credit score | 6.077% | 6.655% | 0 pts ($0) | $1,209/mo | $40,905 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,169/mo | $36,145 |
VA 0% Down | 0% | 700 credit score | 6.090% | 6.337% | 0 pts ($0) | $1,374/mo | $45,505 |
VA Cash-Out Refi | 0% | 640 credit score | 6.077% | 6.449% | 0 pts ($0) | $1,372/mo | $45,416 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.085% | 6.240% | 0 pts ($0) | $1,374/mo | $45,471 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,223/mo | $38,691 |
Frequently Asked Questions
What are today's mortgage rates in 14602, , NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 14602, , NY is 6.982% (with an estimated monthly payment of $1,629). Active program rates also include FHA 30-year fixed loans at 6.068% and VA 0%-down fixed loans at 6.090%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 14602, , 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 14602, , NY have fluctuated between a low of 6.871% and a high of 7.124%. 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 14602, , NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $222,256 in 14602, , NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $44,451 but keeps your monthly payment lower at $1,629/mo (at 6.982% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,779 (3.5% down) but has an estimated payment of $1,818/mo (at 6.068% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $214,477 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 14602 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 14602 is $806,501. With a typical local home value of $222,256 in , a standard 20%-down mortgage requires a loan size of $177,805. 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 14602, , NY impact estimated mortgage payments?
The median home value in 14602, , NY is estimated at $222,256. Buying a typical home here with a standard 20% down payment ($44,451) translates to an estimated starting monthly mortgage payment of $1,629 (principal and interest). Compared to the local area median household income of $81,662 ($6,805/mo), this basic housing payment represents approximately 23.9% 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.