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 | 6.930% 6.954% APR | $2,912 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 6.477% Highest 6.930% Today 6.930% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 5.999% 6.033% APR | $3,598 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.049% 6.083% APR | $3,731 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$244/mo MI | 3.5% Down680 FICO30-yr | 6.157% 6.918% APR | $3,298 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$244/mo MI | 0% Down640 FICO30-yr | 6.157% 6.918% APR | $3,298 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$244/mo MI | 3.5% Down580 FICO30-yr | 6.186% 6.947% APR | $3,308 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.227% 6.463% APR | $3,457 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.248% 6.610% APR | $3,382 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.325% 6.469% APR | $3,116 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$331/mo MI | 10% Down720 FICO30-yr | 6.769% 6.916% APR | $3,222 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$312/mo MI | 3% Down660 FICO30-yr | 6.819% 7.182% APR | $3,491 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 | 6.964% 6.988% APR | $2,827 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$349/mo MI | 5% Down680 FICO30-yr | 7.050% 7.283% APR | $3,500 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$349/mo MI | 5% Down700 FICO30-yr | 7.108% 7.576% APR | $3,520 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$298/mo MI | 10% Down720 FICO30-yr | 7.204% 7.360% APR | $2,694 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.347% 7.372% APR | $3,036 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.660% APR | $2,925 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.625% 7.787% APR | $3,510 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.