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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 | 6.922%APR 6.959% | 0 pts$0 | $2,198/moP&I $2,198 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.946%APR 6.715% | 0 pts$0 | $2,175/moP&I $2,019 · MI $155 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.037%APR 6.090% | 0 pts$0 | $2,004/moP&I $2,004 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.784%APR 6.821% | 0 pts$0 | $2,167/moP&I $2,167 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.680% | 0 pts$0 | $2,357/moP&I $2,357 · 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 | 6.037% | 6.090% | 0 pts ($0) | $2,816/mo | $56,471 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.029% | 6.083% | 0 pts ($0) | $3,519/mo | $78,609 |
Condo 10% Down | 10% | 720 credit score | 7.233% | 7.404% | 0 pts ($0) | $2,551/mo | $89,640 |
Conventional 10% Down | 10% | 720 credit score | 6.750% | 6.910% | 0 pts ($0) | $2,430/mo | $84,187 |
Conventional 20% Down | 20% | 740 credit score | 6.922% | 6.959% | 0 pts ($0) | $2,198/mo | $68,067 |
Conventional 5% Down | 5% | 700 credit score | 7.045% | 7.526% | 0 pts ($0) | $2,643/mo | $92,379 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.366% | 7.406% | 0 pts ($0) | $2,872/mo | $98,773 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,463/mo | $83,451 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.823% | 7.201% | 0 pts ($0) | $2,638/mo | $95,256 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.784% | 6.821% | 0 pts ($0) | $2,709/mo | $91,470 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,434/mo | $81,887 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.946% | 6.715% | 0 pts ($0) | $2,436/mo | $85,312 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,522/mo | $88,279 |
FHA Streamline Refi | 0% | 640 credit score | 6.065% | 6.836% | 0 pts ($0) | $2,557/mo | $89,921 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.002% | 7.247% | 0 pts ($0) | $2,631/mo | $95,425 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,604/mo | $50,982 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.680% | 0 pts ($0) | $2,209/mo | $70,433 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,243/mo | $70,105 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,420/mo | $74,206 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.305% | 7.080% | 0 pts ($0) | $2,531/mo | $89,723 |
Second Home 10% Down | 10% | 720 credit score | 5.951% | 6.524% | 0 pts ($0) | $2,234/mo | $75,182 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,189/mo | $67,686 |
VA 0% Down | 0% | 700 credit score | 6.067% | 6.312% | 0 pts ($0) | $2,567/mo | $84,921 |
VA Cash-Out Refi | 0% | 640 credit score | 6.070% | 6.440% | 0 pts ($0) | $2,568/mo | $84,959 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.077% | 6.230% | 0 pts ($0) | $2,570/mo | $85,049 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,290/mo | $72,455 |
Frequently Asked Questions
What are today's mortgage rates in 46302, , IN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 46302, , IN is 6.922% (with an estimated monthly payment of $2,037). Active program rates also include FHA 30-year fixed loans at 5.946% and VA 0%-down fixed loans at 6.067%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 46302, , IN?
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 46302, , IN have fluctuated between a low of 6.559% and a high of 6.998%. 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 46302, , IN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $416,208 in 46302, , IN, a standard 20%-down Conventional loan requires an upfront cash down payment of $83,242 but keeps your monthly payment lower at $2,037/mo (at 6.922% interest) with no monthly PMI. In comparison, an FHA loan requires only $14,567 (3.5% down) but has an estimated payment of $2,258/mo (at 5.946% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $401,641 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 46302 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 46302 is $806,501. With a typical local home value of $416,208 in , a standard 20%-down mortgage requires a loan size of $332,966. 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 46302, , IN impact estimated mortgage payments?
The median home value in 46302, , IN is estimated at $416,208. Buying a typical home here with a standard 20% down payment ($83,242) translates to an estimated starting monthly mortgage payment of $2,037 (principal and interest). Compared to the local area median household income of $103,083 ($8,590/mo), this basic housing payment represents approximately 23.7% 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.