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 | 6.911% 6.934% APR | $3,267 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 6.459% Highest 6.911% Today 6.911% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 5.971% 6.004% APR | $4,012 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.002% 6.035% APR | $4,182 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 | 6.152% 6.386% APR | $3,856 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.173% 6.533% APR | $3,772 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 | 6.219% 6.362% APR | $3,464 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$372/mo MI | 10% Down720 FICO30-yr | 6.754% 6.900% APR | $3,618 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$351/mo MI | 3% Down660 FICO30-yr | 6.798% 7.160% APR | $3,916 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 | 6.948% 6.971% APR | $3,153 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$392/mo MI | 5% Down680 FICO30-yr | 7.017% 7.248% APR | $3,922 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$392/mo MI | 5% Down700 FICO30-yr | 7.075% 7.542% APR | $3,945 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$335/mo MI | 10% Down720 FICO30-yr | 7.177% 7.332% APR | $3,021 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.327% 7.352% APR | $3,407 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.593% 7.755% APR | $3,934 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.618% 7.644% APR | $3,286 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.