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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 | 6.977%APR 7.016% | 0 pts$0 | $1,661/moP&I $1,661 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.962%APR 6.733% | 0 pts$0 | $1,637/moP&I $1,521 · MI $117 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.193%APR 6.250% | 0 pts$0 | $1,532/moP&I $1,532 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.124%APR 7.168% | 0 pts$0 | $1,686/moP&I $1,686 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.711% | 0 pts$0 | $1,771/moP&I $1,771 · 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 | 6.193% | 6.250% | 0 pts ($0) | $2,138/mo | $43,579 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.254% | 6.314% | 0 pts ($0) | $2,683/mo | $61,128 |
Condo 10% Down | 10% | 720 credit score | 7.306% | 7.480% | 0 pts ($0) | $1,931/mo | $68,000 |
Conventional 10% Down | 10% | 720 credit score | 6.799% | 6.961% | 0 pts ($0) | $1,835/mo | $63,696 |
Conventional 20% Down | 20% | 740 credit score | 6.977% | 7.016% | 0 pts ($0) | $1,661/mo | $51,579 |
Conventional 5% Down | 5% | 700 credit score | 7.121% | 7.607% | 0 pts ($0) | $2,002/mo | $70,119 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.425% | 7.467% | 0 pts ($0) | $2,171/mo | $74,801 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,851/mo | $62,728 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.839% | 7.218% | 0 pts ($0) | $1,986/mo | $71,747 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.124% | 7.168% | 0 pts ($0) | $2,108/mo | $71,961 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,582/mo | $61,552 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.962% | 6.733% | 0 pts ($0) | $1,834/mo | $64,274 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,895/mo | $66,356 |
FHA Streamline Refi | 0% | 640 credit score | 6.086% | 6.859% | 0 pts ($0) | $1,926/mo | $67,791 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.078% | 7.326% | 0 pts ($0) | $1,993/mo | $72,409 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,957/mo | $38,321 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.711% | 0 pts ($0) | $1,661/mo | $52,942 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,686/mo | $52,696 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,819/mo | $55,778 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.327% | 7.104% | 0 pts ($0) | $1,907/mo | $67,645 |
Second Home 10% Down | 10% | 720 credit score | 6.075% | 6.653% | 0 pts ($0) | $1,702/mo | $57,561 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,646/mo | $50,878 |
VA 0% Down | 0% | 700 credit score | 6.088% | 6.335% | 0 pts ($0) | $1,934/mo | $64,034 |
VA Cash-Out Refi | 0% | 640 credit score | 6.092% | 6.464% | 0 pts ($0) | $1,935/mo | $64,072 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.083% | 6.238% | 0 pts ($0) | $1,933/mo | $63,986 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,722/mo | $54,462 |
Frequently Asked Questions
What are today's mortgage rates in 46796, , IN across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 46796, , IN is 6.977% (with an estimated monthly payment of $1,653). Active program rates also include FHA 30-year fixed loans at 5.962% and VA 0%-down fixed loans at 6.088%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 46796, , 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 46796, , IN have fluctuated between a low of 6.866% and a high of 7.121%. 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 46796, , IN?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $312,850 in 46796, , IN, a standard 20%-down Conventional loan requires an upfront cash down payment of $62,570 but keeps your monthly payment lower at $1,653/mo (at 6.977% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,950 (3.5% down) but has an estimated payment of $1,825/mo (at 5.962% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $301,900 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 46796 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 46796 is $806,501. With a typical local home value of $312,850 in , a standard 20%-down mortgage requires a loan size of $250,280. 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 46796, , IN impact estimated mortgage payments?
The median home value in 46796, , IN is estimated at $312,850. Buying a typical home here with a standard 20% down payment ($62,570) translates to an estimated starting monthly mortgage payment of $1,653 (principal and interest). Compared to the local area median household income of $73,565 ($6,130/mo), this basic housing payment represents approximately 27.0% 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.