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 | 6.913% 6.936% APR | $3,237 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 6.461% Highest 6.913% Today 6.913% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 5.988% 6.021% APR | $3,777 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.006% 6.039% APR | $4,144 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$248/mo MI | 3.5% Down680 FICO30-yr | 6.145% 6.905% APR | $3,354 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$248/mo MI | 0% Down640 FICO30-yr | 6.145% 6.905% APR | $3,354 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.157% 6.391% APR | $3,821 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$248/mo MI | 3.5% Down580 FICO30-yr | 6.174% 6.935% APR | $3,364 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.179% 6.539% APR | $3,739 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.225% 6.368% APR | $3,434 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$368/mo MI | 10% Down720 FICO30-yr | 6.755% 6.901% APR | $3,584 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$347/mo MI | 3% Down660 FICO30-yr | 6.799% 7.161% APR | $3,880 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 6.873% 6.896% APR | $2,942 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 | |
House Hacking Multi-unit owner-occupied purchase +$389/mo MI | 5% Down680 FICO30-yr | 7.019% 7.250% APR | $3,885 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$389/mo MI | 5% Down700 FICO30-yr | 7.077% 7.544% APR | $3,908 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$331/mo MI | 10% Down720 FICO30-yr | 7.179% 7.334% APR | $2,992 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.328% 7.353% APR | $3,375 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.596% 7.758% APR | $3,898 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.621% 7.647% APR | $3,256 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.