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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 | 6.897%APR 6.933% | 0 pts$0 | $2,166/moP&I $2,166 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.043%APR 6.813% | 0 pts$0 | $2,169/moP&I $2,016 · MI $153 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.992%APR 6.043% | 0 pts$0 | $1,970/moP&I $1,970 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.859%APR 6.896% | 0 pts$0 | $2,157/moP&I $2,157 · MI $0 | See details |
| Investment Property FixedConforming | 7.623%APR 7.664% | 0 pts$0 | $2,328/moP&I $2,328 · 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 | 5.992% | 6.043% | 0 pts ($0) | $2,774/mo | $55,357 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.977% | 6.029% | 0 pts ($0) | $3,464/mo | $77,035 |
Condo 10% Down | 10% | 720 credit score | 7.150% | 7.318% | 0 pts ($0) | $2,499/mo | $87,626 |
Conventional 10% Down | 10% | 720 credit score | 6.595% | 6.751% | 0 pts ($0) | $2,362/mo | $81,437 |
Conventional 20% Down | 20% | 740 credit score | 6.897% | 6.933% | 0 pts ($0) | $2,166/mo | $66,993 |
Conventional 5% Down | 5% | 700 credit score | 7.010% | 7.488% | 0 pts ($0) | $2,601/mo | $90,845 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.339% | 7.378% | 0 pts ($0) | $2,830/mo | $97,239 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,433/mo | $82,438 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.806% | 7.181% | 0 pts ($0) | $2,602/mo | $93,895 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.859% | 6.896% | 0 pts ($0) | $2,697/mo | $91,289 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,393/mo | $80,893 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.043% | 6.813% | 0 pts ($0) | $2,432/mo | $85,453 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,491/mo | $87,207 |
FHA Streamline Refi | 0% | 640 credit score | 6.237% | 7.011% | 0 pts ($0) | $2,572/mo | $90,993 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.983% | 7.227% | 0 pts ($0) | $2,594/mo | $94,043 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,572/mo | $50,363 |
Investment Property 25% Down | 25% | 740 credit score | 7.623% | 7.664% | 0 pts ($0) | $2,182/mo | $69,559 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,216/mo | $69,254 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,391/mo | $73,305 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.411% | 7.188% | 0 pts ($0) | $2,528/mo | $89,921 |
Second Home 10% Down | 10% | 720 credit score | 5.943% | 6.515% | 0 pts ($0) | $2,205/mo | $74,181 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,163/mo | $66,865 |
VA 0% Down | 0% | 700 credit score | 6.036% | 6.280% | 0 pts ($0) | $2,528/mo | $83,499 |
VA Cash-Out Refi | 0% | 640 credit score | 6.048% | 6.417% | 0 pts ($0) | $2,531/mo | $83,650 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.066% | 6.218% | 0 pts ($0) | $2,536/mo | $83,877 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,262/mo | $71,575 |
Frequently Asked Questions
What are today's mortgage rates in 32176, Ormond-By-The-Sea, FL across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 32176, Ormond-By-The-Sea, FL is 6.897% (with an estimated monthly payment of $2,281). Active program rates also include FHA 30-year fixed loans at 6.043% and VA 0%-down fixed loans at 6.036%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 32176, Ormond-By-The-Sea, FL?
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 32176, Ormond-By-The-Sea, FL have fluctuated between a low of 6.517% and a high of 6.975%. 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 32176, Ormond-By-The-Sea, FL?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $411,156 in 32176, Ormond-By-The-Sea, FL, a standard 20%-down Conventional loan requires an upfront cash down payment of $82,231 but keeps your monthly payment lower at $2,281/mo (at 6.897% interest) with no monthly PMI. In comparison, an FHA loan requires only $14,390 (3.5% down) but has an estimated payment of $2,561/mo (at 6.043% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $396,766 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 32176 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 32176 is $806,501. With a typical local home value of $411,156 in Ormond-By-The-Sea, a standard 20%-down mortgage requires a loan size of $328,925. 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 32176, Ormond-By-The-Sea, FL impact estimated mortgage payments?
The median home value in 32176, Ormond-By-The-Sea, FL is estimated at $411,156. Buying a typical home here with a standard 20% down payment ($82,231) translates to an estimated starting monthly mortgage payment of $2,281 (principal and interest). Compared to the local area median household income of $78,314 ($6,526/mo), this basic housing payment represents approximately 35.0% 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.