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.
See Safe Rate's top scoring lenders for Wilkes Barre
We rank active Wilkes Barre lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 7.127%APR 7.174% | 0 pts$0 | $887/moP&I $887 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.103%APR 6.882% | 0 pts$0 | $874/moP&I $812 · MI $61 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.360%APR 6.428% | 0 pts$0 | $820/moP&I $820 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.267%APR 7.335% | 0 pts$0 | $900/moP&I $900 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.778% | 0 pts$0 | $932/moP&I $932 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
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 | 6.360% | 6.428% | 0 pts ($0) | $1,137/mo | $23,569 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.333% | 6.410% | 0 pts ($0) | $1,419/mo | $32,542 |
Condo 10% Down | 10% | 720 credit score | 7.446% | 7.631% | 0 pts ($0) | $1,030/mo | $36,406 |
Conventional 10% Down | 10% | 720 credit score | 6.887% | 7.056% | 0 pts ($0) | $974/mo | $33,909 |
Conventional 20% Down | 20% | 740 credit score | 7.127% | 7.174% | 0 pts ($0) | $887/mo | $27,736 |
Conventional 5% Down | 5% | 700 credit score | 7.148% | 7.640% | 0 pts ($0) | $1,056/mo | $37,023 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.562% | 7.612% | 0 pts ($0) | $1,158/mo | $40,040 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $974/mo | $33,007 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.795% | 7.178% | 0 pts ($0) | $1,040/mo | $37,541 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.267% | 7.335% | 0 pts ($0) | $1,125/mo | $38,575 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,358/mo | $32,388 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.103% | 6.882% | 0 pts ($0) | $980/mo | $34,505 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $997/mo | $34,916 |
FHA Streamline Refi | 0% | 640 credit score | 6.297% | 7.080% | 0 pts ($0) | $1,036/mo | $36,734 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.099% | 7.353% | 0 pts ($0) | $1,051/mo | $38,200 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,030/mo | $20,164 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.778% | 0 pts ($0) | $874/mo | $27,857 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $887/mo | $27,728 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $957/mo | $29,350 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.463% | 7.248% | 0 pts ($0) | $1,018/mo | $36,255 |
Second Home 10% Down | 10% | 720 credit score | 6.118% | 6.703% | 0 pts ($0) | $900/mo | $30,480 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $866/mo | $26,771 |
VA 0% Down | 0% | 700 credit score | 6.152% | 6.406% | 0 pts ($0) | $1,025/mo | $34,017 |
VA Cash-Out Refi | 0% | 640 credit score | 6.144% | 6.523% | 0 pts ($0) | $1,024/mo | $33,977 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.172% | 6.334% | 0 pts ($0) | $1,027/mo | $34,119 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $906/mo | $28,657 |
Frequently Asked Questions
What are today's mortgage rates in 18702, Wilkes-Barre, PA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 18702, Wilkes-Barre, PA is 7.127% (with an estimated monthly payment of $957). Active program rates also include FHA 30-year fixed loans at 6.103% and VA 0%-down fixed loans at 6.152%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 18702, 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 18702, Wilkes-Barre, PA have fluctuated between a low of 6.985% and a high of 7.251%. 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 18702, Wilkes-Barre, PA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $164,618 in 18702, Wilkes-Barre, PA, a standard 20%-down Conventional loan requires an upfront cash down payment of $32,924 but keeps your monthly payment lower at $957/mo (at 7.127% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,762 (3.5% down) but has an estimated payment of $1,056/mo (at 6.103% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $158,856 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 18702 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 18702 is $806,501. With a typical local home value of $164,618 in Wilkes-Barre, a standard 20%-down mortgage requires a loan size of $131,694. 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 18702, Wilkes-Barre, PA impact estimated mortgage payments?
The median home value in 18702, Wilkes-Barre, PA is estimated at $164,618. Buying a typical home here with a standard 20% down payment ($32,924) translates to an estimated starting monthly mortgage payment of $957 (principal and interest). Compared to the local area median household income of $61,722 ($5,144/mo), this basic housing payment represents approximately 18.6% 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.