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 | 6.906% 6.929% APR | $3,388 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 6.454% Highest 6.906% Today 6.906% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 5.962% 5.994% APR | $4,160 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 5.994% 6.026% APR | $4,337 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.129% 6.363% APR | $3,991 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 Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.150% 6.509% APR | $3,904 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 IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.194% 6.336% APR | $3,585 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$386/mo MI | 10% Down720 FICO30-yr | 6.749% 6.895% APR | $3,751 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$364/mo MI | 3% Down660 FICO30-yr | 6.791% 7.153% APR | $4,060 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 | 6.944% 6.967% APR | $3,270 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$407/mo MI | 5% Down680 FICO30-yr | 7.007% 7.238% APR | $4,065 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$407/mo MI | 5% Down700 FICO30-yr | 7.065% 7.532% APR | $4,089 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$347/mo MI | 10% Down720 FICO30-yr | 7.169% 7.324% APR | $3,131 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.321% 7.346% APR | $3,532 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.584% 7.745% APR | $4,078 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.607% 7.633% APR | $3,406 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.