Safe Rate Local
See today's rates filtered to your situation — updated daily.
3–20% down · 620+ credit · no upfront MIP
3.5% down · 580+ credit · gov't-backed
0% down · no PMI · veterans & active duty
Above conforming limits · 740+ credit
FHA, HomeReady & low-down-payment options
Rate/term, cash-out, FHA Streamline, VA IRRRL
| Product | Rate / APR ↑ | Mo. Payment ↕ | Points | ||
|---|---|---|---|---|---|
20% Down Conv. Conventional purchase, 20% down | 20% Down740 FICO30-yr | 6.943% 6.967% APR | $2,698 Principal & Interest | $0 Points | |
Why choose this product?Understanding the pros and cons of the 20% Down Conv.. Motivation Avoid mortgage insurance entirely. Strengths Lowest monthly payment, no PMI, and often the best pricing tier. Limitations Requires a substantial amount of cash upfront for the down payment. 14-Day Rate TrendLowest 6.490% Highest 6.943% Today 6.943% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.062% 6.097% APR | $3,092 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.082% 6.117% APR | $3,460 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$225/mo MI | 3.5% Down680 FICO30-yr | 6.214% 6.976% APR | $3,070 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$225/mo MI | 0% Down640 FICO30-yr | 6.214% 6.976% APR | $3,070 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$225/mo MI | 3.5% Down580 FICO30-yr | 6.243% 7.005% APR | $3,080 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.293% 6.531% APR | $3,221 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.333% 6.698% APR | $3,157 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.380% 6.525% APR | $2,900 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$306/mo MI | 10% Down720 FICO30-yr | 6.780% 6.927% APR | $2,985 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$288/mo MI | 3% Down660 FICO30-yr | 6.835% 7.200% APR | $3,235 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.987% APR | $5,536 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 6.908% 6.933% APR | $2,406 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$323/mo MI | 5% Down680 FICO30-yr | 7.074% 7.307% APR | $3,246 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$323/mo MI | 5% Down700 FICO30-yr | 7.125% 7.596% APR | $3,263 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$275/mo MI | 10% Down720 FICO30-yr | 7.224% 7.380% APR | $2,497 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.361% 7.387% APR | $2,813 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.667% APR | $2,706 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.625% 7.794% APR | $3,247 Principal & Interest | $0 Points | |
Rates updated daily by Safe Rate Mortgage (NMLS #1590949). Your actual rate depends on credit score, down payment, and property details.
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Safe Rate Mortgage. NMLS #1590949. Rates shown are representative estimates. Illinois Residential Mortgage Licensee. Loans subject to credit and property approval. Rates and terms are subject to change without notice.