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 | 6.928% 6.952% APR | $2,936 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 6.476% Highest 6.928% Today 6.928% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 5.999% 6.033% APR | $3,597 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.045% 6.079% APR | $3,762 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$246/mo MI | 3.5% Down680 FICO30-yr | 6.152% 6.912% APR | $3,325 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$246/mo MI | 0% Down640 FICO30-yr | 6.152% 6.912% APR | $3,325 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$246/mo MI | 3.5% Down580 FICO30-yr | 6.180% 6.941% APR | $3,335 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.221% 6.457% APR | $3,484 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.245% 6.607% APR | $3,410 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.315% 6.459% APR | $3,139 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$333/mo MI | 10% Down720 FICO30-yr | 6.768% 6.915% APR | $3,250 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$314/mo MI | 3% Down660 FICO30-yr | 6.817% 7.180% APR | $3,520 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 | $2,825 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$352/mo MI | 5% Down680 FICO30-yr | 7.047% 7.280% APR | $3,529 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$352/mo MI | 5% Down700 FICO30-yr | 7.106% 7.574% APR | $3,550 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$300/mo MI | 10% Down720 FICO30-yr | 7.202% 7.358% APR | $2,716 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.345% 7.370% APR | $3,061 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.624% 7.786% APR | $3,540 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.659% APR | $2,950 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.