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 | 6.985% 7.011% APR | $2,194 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 6.552% Highest 6.985% Today 6.985% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$183/mo MI | 3.5% Down680 FICO30-yr | 6.096% 6.857% APR | $2,456 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$183/mo MI | 0% Down640 FICO30-yr | 6.096% 6.857% APR | $2,456 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$262/mo MI | 5% Down700 FICO30-yr | 6.097% 6.807% APR | $2,418 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.101% 6.667% APR | $2,292 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$183/mo MI | 3.5% Down580 FICO30-yr | 6.105% 6.866% APR | $2,458 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.136% 6.174% APR | $2,604 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.171% 6.208% APR | $2,818 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.410% 6.651% APR | $2,641 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.420% 6.788% APR | $2,581 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.425% 6.572% APR | $2,360 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$248/mo MI | 10% Down720 FICO30-yr | 6.815% 6.965% APR | $2,426 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 | |
HomeReady Fannie Mae HomeReady, low-income buyers +$234/mo MI | 3% Down660 FICO30-yr | 6.888% 7.255% APR | $2,635 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 6.941% 6.967% APR | $2,024 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$262/mo MI | 5% Down680 FICO30-yr | 7.136% 7.372% APR | $2,646 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$223/mo MI | 10% Down720 FICO30-yr | 7.274% 7.433% APR | $2,033 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.402% 7.429% APR | $2,288 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.690% APR | $2,192 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.