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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 | 6.920%APR 6.957% | 0 pts$0 | $1,465/moP&I $1,465 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.946%APR 6.715% | 0 pts$0 | $1,450/moP&I $1,347 · MI $104 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.034%APR 6.086% | 0 pts$0 | $1,336/moP&I $1,336 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.033%APR 7.103% | 0 pts$0 | $1,482/moP&I $1,482 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.679% | 0 pts$0 | $1,572/moP&I $1,572 · 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 | 6.034% | 6.086% | 0 pts ($0) | $1,878/mo | $37,641 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.073% | 6.141% | 0 pts ($0) | $2,353/mo | $52,777 |
Condo 10% Down | 10% | 720 credit score | 7.228% | 7.399% | 0 pts ($0) | $1,700/mo | $59,743 |
Conventional 10% Down | 10% | 720 credit score | 6.625% | 6.782% | 0 pts ($0) | $1,600/mo | $55,203 |
Conventional 20% Down | 20% | 740 credit score | 6.920% | 6.957% | 0 pts ($0) | $1,465/mo | $45,380 |
Conventional 5% Down | 5% | 700 credit score | 7.042% | 7.523% | 0 pts ($0) | $1,762/mo | $61,583 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.364% | 7.404% | 0 pts ($0) | $1,915/mo | $65,854 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,643/mo | $55,653 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.822% | 7.198% | 0 pts ($0) | $1,759/mo | $63,518 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.033% | 7.103% | 0 pts ($0) | $1,853/mo | $63,084 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,290/mo | $54,610 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.946% | 6.715% | 0 pts ($0) | $1,625/mo | $56,894 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,682/mo | $58,873 |
FHA Streamline Refi | 0% | 640 credit score | 6.064% | 6.835% | 0 pts ($0) | $1,705/mo | $59,959 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.000% | 7.245% | 0 pts ($0) | $1,754/mo | $63,622 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,737/mo | $33,999 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.679% | 0 pts ($0) | $1,473/mo | $46,971 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,496/mo | $46,753 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,614/mo | $49,488 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.305% | 7.080% | 0 pts ($0) | $1,688/mo | $59,836 |
Second Home 10% Down | 10% | 720 credit score | 5.951% | 6.524% | 0 pts ($0) | $1,490/mo | $50,139 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,460/mo | $45,140 |
VA 0% Down | 0% | 700 credit score | 6.066% | 6.311% | 0 pts ($0) | $1,712/mo | $56,625 |
VA Cash-Out Refi | 0% | 640 credit score | 6.070% | 6.440% | 0 pts ($0) | $1,713/mo | $56,659 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.076% | 6.229% | 0 pts ($0) | $1,714/mo | $56,710 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,527/mo | $48,320 |
Frequently Asked Questions
What are today's mortgage rates in 35775, , AL across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 35775, , AL is 6.920% (with an estimated monthly payment of $2,052). Active program rates also include FHA 30-year fixed loans at 5.946% and VA 0%-down fixed loans at 6.066%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 35775, , AL?
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 35775, , AL have fluctuated between a low of 6.557% and a high of 6.999%. 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 35775, , AL?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $277,567 in 35775, , AL, a standard 20%-down Conventional loan requires an upfront cash down payment of $55,513 but keeps your monthly payment lower at $2,052/mo (at 6.920% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,715 (3.5% down) but has an estimated payment of $2,275/mo (at 5.946% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $267,852 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 35775 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 35775 is $806,501. With a typical local home value of $277,567 in , a standard 20%-down mortgage requires a loan size of $222,054. 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 35775, , AL impact estimated mortgage payments?
The median home value in 35775, , AL is estimated at $277,567. Buying a typical home here with a standard 20% down payment ($55,513) translates to an estimated starting monthly mortgage payment of $2,052 (principal and interest). Compared to the local area median household income of $82,083 ($6,840/mo), this basic housing payment represents approximately 30.0% 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.