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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 | 6.919%APR 6.956% | 0 pts$0 | $1,735/moP&I $1,735 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.945%APR 6.714% | 0 pts$0 | $1,717/moP&I $1,594 · MI $123 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.031%APR 6.083% | 0 pts$0 | $1,582/moP&I $1,582 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.948%APR 6.985% | 0 pts$0 | $1,740/moP&I $1,740 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.678% | 0 pts$0 | $1,861/moP&I $1,861 · 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 | 6.031% | 6.083% | 0 pts ($0) | $2,223/mo | $44,545 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.990% | 6.043% | 0 pts ($0) | $2,772/mo | $61,699 |
Condo 10% Down | 10% | 720 credit score | 7.223% | 7.393% | 0 pts ($0) | $2,012/mo | $70,692 |
Conventional 10% Down | 10% | 720 credit score | 6.624% | 6.780% | 0 pts ($0) | $1,894/mo | $65,353 |
Conventional 20% Down | 20% | 740 credit score | 6.919% | 6.956% | 0 pts ($0) | $1,735/mo | $53,723 |
Conventional 5% Down | 5% | 700 credit score | 7.040% | 7.521% | 0 pts ($0) | $2,086/mo | $72,897 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.362% | 7.402% | 0 pts ($0) | $2,267/mo | $77,953 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,945/mo | $65,894 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.822% | 7.198% | 0 pts ($0) | $2,083/mo | $75,206 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.948% | 6.985% | 0 pts ($0) | $2,175/mo | $73,850 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,712/mo | $64,659 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.945% | 6.714% | 0 pts ($0) | $1,923/mo | $67,354 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,991/mo | $69,706 |
FHA Streamline Refi | 0% | 640 credit score | 6.064% | 6.835% | 0 pts ($0) | $2,019/mo | $70,993 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.998% | 7.243% | 0 pts ($0) | $2,077/mo | $75,311 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,056/mo | $40,256 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.678% | 0 pts ($0) | $1,745/mo | $55,615 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,771/mo | $55,356 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,911/mo | $58,594 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.304% | 7.079% | 0 pts ($0) | $1,998/mo | $70,837 |
Second Home 10% Down | 10% | 720 credit score | 5.950% | 6.523% | 0 pts ($0) | $1,764/mo | $59,356 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,729/mo | $53,446 |
VA 0% Down | 0% | 700 credit score | 6.066% | 6.311% | 0 pts ($0) | $2,027/mo | $67,045 |
VA Cash-Out Refi | 0% | 640 credit score | 6.069% | 6.439% | 0 pts ($0) | $2,028/mo | $67,075 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.076% | 6.229% | 0 pts ($0) | $2,029/mo | $67,145 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,808/mo | $57,211 |
Frequently Asked Questions
What are today's mortgage rates in 46741, Leo-Cedarville, IN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 46741, Leo-Cedarville, IN is 6.919% (with an estimated monthly payment of $2,065). Active program rates also include FHA 30-year fixed loans at 5.945% 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 46741, Leo-Cedarville, 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 46741, Leo-Cedarville, IN have fluctuated between a low of 6.554% 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 46741, Leo-Cedarville, IN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $328,644 in 46741, Leo-Cedarville, IN, a standard 20%-down Conventional loan requires an upfront cash down payment of $65,729 but keeps your monthly payment lower at $2,065/mo (at 6.919% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,503 (3.5% down) but has an estimated payment of $2,289/mo (at 5.945% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $317,141 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 46741 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 46741 is $806,501. With a typical local home value of $328,644 in Leo-Cedarville, a standard 20%-down mortgage requires a loan size of $262,915. 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 46741, Leo-Cedarville, IN impact estimated mortgage payments?
The median home value in 46741, Leo-Cedarville, IN is estimated at $328,644. Buying a typical home here with a standard 20% down payment ($65,729) translates to an estimated starting monthly mortgage payment of $2,065 (principal and interest). Compared to the local area median household income of $100,185 ($8,349/mo), this basic housing payment represents approximately 24.7% 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.