Select your Scenario
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 | 7.374%APR 7.427% | 0 pts$0 | $919/moP&I $919 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.169%APR 6.953% | 0 pts$0 | $888/moP&I $826 · MI $62 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.841%APR 6.920% | 0 pts$0 | $871/moP&I $871 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.371%APR 7.446% | 0 pts$0 | $919/moP&I $919 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.866% | 0 pts$0 | $942/moP&I $942 · 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 | 6.841% | 6.920% | 0 pts ($0) | $1,184/mo | $25,672 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.507% | 6.593% | 0 pts ($0) | $1,449/mo | $33,715 |
Condo 10% Down | 10% | 720 credit score | 7.625% | 7.820% | 0 pts ($0) | $1,059/mo | $37,587 |
Conventional 10% Down | 10% | 720 credit score | 6.999% | 7.175% | 0 pts ($0) | $996/mo | $34,760 |
Conventional 20% Down | 20% | 740 credit score | 7.374% | 7.427% | 0 pts ($0) | $919/mo | $29,010 |
Conventional 5% Down | 5% | 700 credit score | 7.246% | 7.746% | 0 pts ($0) | $1,077/mo | $37,868 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.625% | 7.742% | 0 pts ($0) | $1,177/mo | $40,765 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $984/mo | $33,344 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.829% | 7.217% | 0 pts ($0) | $1,055/mo | $38,089 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.371% | 7.446% | 0 pts ($0) | $1,148/mo | $39,491 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,372/mo | $32,719 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.169% | 6.953% | 0 pts ($0) | $997/mo | $35,181 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,008/mo | $35,273 |
FHA Streamline Refi | 0% | 640 credit score | 6.343% | 7.130% | 0 pts ($0) | $1,052/mo | $37,343 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.174% | 7.434% | 0 pts ($0) | $1,070/mo | $38,947 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,040/mo | $20,370 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.866% | 0 pts ($0) | $883/mo | $28,142 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $896/mo | $28,011 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $967/mo | $29,650 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.501% | 7.291% | 0 pts ($0) | $1,032/mo | $36,812 |
Second Home 10% Down | 10% | 720 credit score | 6.205% | 6.796% | 0 pts ($0) | $917/mo | $31,182 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $875/mo | $27,045 |
VA 0% Down | 0% | 700 credit score | 6.246% | 6.505% | 0 pts ($0) | $1,046/mo | $34,845 |
VA Cash-Out Refi | 0% | 640 credit score | 6.257% | 6.643% | 0 pts ($0) | $1,047/mo | $34,901 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.280% | 6.447% | 0 pts ($0) | $1,049/mo | $35,019 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $915/mo | $28,950 |
Frequently Asked Questions
What are today's mortgage rates in 18701, Wilkes-Barre, PA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 18701, Wilkes-Barre, PA is 7.374% (with an estimated monthly payment of $775). Active program rates also include FHA 30-year fixed loans at 6.169% and VA 0%-down fixed loans at 6.246%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 18701, Wilkes-Barre, PA?
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 18701, Wilkes-Barre, PA have fluctuated between a low of 7.281% and a high of 7.430%. 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 18701, Wilkes-Barre, PA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $166,299 in 18701, Wilkes-Barre, PA, a standard 20%-down Conventional loan requires an upfront cash down payment of $33,260 but keeps your monthly payment lower at $775/mo (at 7.374% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,820 (3.5% down) but has an estimated payment of $841/mo (at 6.169% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $160,479 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 18701 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 18701 is $806,501. With a typical local home value of $166,299 in Wilkes-Barre, a standard 20%-down mortgage requires a loan size of $133,039. 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 18701, Wilkes-Barre, PA impact estimated mortgage payments?
The median home value in 18701, Wilkes-Barre, PA is estimated at $166,299. Buying a typical home here with a standard 20% down payment ($33,260) translates to an estimated starting monthly mortgage payment of $775 (principal and interest). Compared to the local area median household income of $40,267 ($3,356/mo), this basic housing payment represents approximately 23.1% 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.