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 | 7.174%APR 7.221% | 0 pts$0 | $727/moP&I $727 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.110%APR 6.890% | 0 pts$0 | $713/moP&I $663 · MI $50 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.377%APR 6.446% | 0 pts$0 | $670/moP&I $670 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.124%APR 7.171% | 0 pts$0 | $724/moP&I $724 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.787% | 0 pts$0 | $760/moP&I $760 · 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 | 6.377% | 6.446% | 0 pts ($0) | $929/mo | $19,280 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.292% | 6.361% | 0 pts ($0) | $1,155/mo | $26,387 |
Condo 10% Down | 10% | 720 credit score | 7.457% | 7.643% | 0 pts ($0) | $842/mo | $29,740 |
Conventional 10% Down | 10% | 720 credit score | 6.901% | 7.072% | 0 pts ($0) | $796/mo | $27,713 |
Conventional 20% Down | 20% | 740 credit score | 7.174% | 7.221% | 0 pts ($0) | $727/mo | $22,778 |
Conventional 5% Down | 5% | 700 credit score | 7.161% | 7.654% | 0 pts ($0) | $863/mo | $30,253 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.588% | 7.639% | 0 pts ($0) | $947/mo | $32,769 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $795/mo | $26,926 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.800% | 7.183% | 0 pts ($0) | $849/mo | $30,644 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.124% | 7.171% | 0 pts ($0) | $905/mo | $30,889 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,108/mo | $26,421 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.110% | 6.890% | 0 pts ($0) | $800/mo | $28,176 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $814/mo | $28,484 |
FHA Streamline Refi | 0% | 640 credit score | 6.304% | 7.087% | 0 pts ($0) | $846/mo | $29,995 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.107% | 7.362% | 0 pts ($0) | $858/mo | $31,193 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $840/mo | $16,449 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.787% | 0 pts ($0) | $713/mo | $22,725 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $724/mo | $22,620 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $781/mo | $23,943 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.469% | 7.255% | 0 pts ($0) | $831/mo | $29,600 |
Second Home 10% Down | 10% | 720 credit score | 6.124% | 6.710% | 0 pts ($0) | $734/mo | $24,886 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $706/mo | $21,839 |
VA 0% Down | 0% | 700 credit score | 6.142% | 6.396% | 0 pts ($0) | $835/mo | $27,709 |
VA Cash-Out Refi | 0% | 640 credit score | 6.156% | 6.536% | 0 pts ($0) | $836/mo | $27,767 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.185% | 6.347% | 0 pts ($0) | $839/mo | $27,887 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $739/mo | $23,378 |
Frequently Asked Questions
What are today's mortgage rates in 18703, Wilkes-Barre, PA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 18703, Wilkes-Barre, PA is 7.174% (with an estimated monthly payment of $932). Active program rates also include FHA 30-year fixed loans at 6.110% and VA 0%-down fixed loans at 6.142%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 18703, 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 18703, Wilkes-Barre, PA have fluctuated between a low of 7.000% and a high of 7.269%. 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 18703, Wilkes-Barre, PA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $134,291 in 18703, Wilkes-Barre, PA, a standard 20%-down Conventional loan requires an upfront cash down payment of $26,858 but keeps your monthly payment lower at $932/mo (at 7.174% interest) with no monthly PMI. In comparison, an FHA loan requires only $4,700 (3.5% down) but has an estimated payment of $1,025/mo (at 6.110% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $129,591 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 18703 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 18703 is $806,501. With a typical local home value of $134,291 in Wilkes-Barre, a standard 20%-down mortgage requires a loan size of $107,433. 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 18703, Wilkes-Barre, PA impact estimated mortgage payments?
The median home value in 18703, Wilkes-Barre, PA is estimated at $134,291. Buying a typical home here with a standard 20% down payment ($26,858) translates to an estimated starting monthly mortgage payment of $932 (principal and interest). Compared to the local area median household income of $37,061 ($3,088/mo), this basic housing payment represents approximately 30.2% 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.