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 | 7.132% 7.161% APR | $1,618 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 6.883% Highest 7.132% Today 7.132% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.246% 6.287% APR | $2,057 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$133/mo MI | 3.5% Down680 FICO30-yr | 6.268% 7.034% APR | $1,817 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$133/mo MI | 0% Down640 FICO30-yr | 6.268% 7.034% APR | $1,817 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.284% 6.857% APR | $1,698 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.296% 6.338% APR | $2,064 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$133/mo MI | 3.5% Down580 FICO30-yr | 6.301% 7.067% APR | $1,823 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.417% 6.660% APR | $1,920 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.421% 6.792% APR | $1,875 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.426% 6.575% APR | $1,715 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 | |
10% Down Conv. Conventional purchase, 10% down +$180/mo MI | 10% Down720 FICO30-yr | 6.888% 7.040% APR | $1,776 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$170/mo MI | 3% Down660 FICO30-yr | 6.912% 7.282% APR | $1,919 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.144% 7.173% APR | $1,620 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$190/mo MI | 5% Down680 FICO30-yr | 7.229% 7.469% APR | $1,940 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$190/mo MI | 5% Down700 FICO30-yr | 7.257% 7.735% APR | $1,946 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$162/mo MI | 10% Down720 FICO30-yr | 7.375% 7.539% APR | $1,492 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.494% 7.524% APR | $1,677 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.736% APR | $1,593 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.