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Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.986%APR 7.025% | 0 pts$0 | $1,477/moP&I $1,477 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.070%APR 6.843% | 0 pts$0 | $1,471/moP&I $1,367 · MI $104 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.240%APR 6.297% | 0 pts$0 | $1,368/moP&I $1,368 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.997%APR 7.037% | 0 pts$0 | $1,479/moP&I $1,479 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.716% | 0 pts$0 | $1,574/moP&I $1,574 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.240% | 6.297% | 0 pts ($0) | $1,906/mo | $39,025 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.084% | 6.140% | 0 pts ($0) | $2,358/mo | $52,945 |
Condo 10% Down | 10% | 720 credit score | 7.315% | 7.490% | 0 pts ($0) | $1,718/mo | $60,489 |
Conventional 10% Down | 10% | 720 credit score | 6.806% | 6.968% | 0 pts ($0) | $1,632/mo | $56,650 |
Conventional 20% Down | 20% | 740 credit score | 6.986% | 7.025% | 0 pts ($0) | $1,477/mo | $45,891 |
Conventional 5% Down | 5% | 700 credit score | 7.130% | 7.616% | 0 pts ($0) | $1,780/mo | $62,376 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.435% | 7.478% | 0 pts ($0) | $1,931/mo | $66,548 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,645/mo | $55,737 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.841% | 7.221% | 0 pts ($0) | $1,765/mo | $63,767 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.997% | 7.037% | 0 pts ($0) | $1,849/mo | $62,876 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,294/mo | $54,692 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.070% | 6.843% | 0 pts ($0) | $1,649/mo | $57,996 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,684/mo | $58,961 |
FHA Streamline Refi | 0% | 640 credit score | 6.265% | 7.041% | 0 pts ($0) | $1,744/mo | $61,758 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.089% | 7.338% | 0 pts ($0) | $1,773/mo | $64,426 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,739/mo | $34,050 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.716% | 0 pts ($0) | $1,476/mo | $47,041 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,498/mo | $46,823 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,616/mo | $49,562 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.434% | 7.213% | 0 pts ($0) | $1,713/mo | $60,984 |
Second Home 10% Down | 10% | 720 credit score | 6.075% | 6.653% | 0 pts ($0) | $1,512/mo | $51,146 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,462/mo | $45,207 |
VA 0% Down | 0% | 700 credit score | 6.091% | 6.338% | 0 pts ($0) | $1,719/mo | $56,923 |
VA Cash-Out Refi | 0% | 640 credit score | 6.078% | 6.450% | 0 pts ($0) | $1,717/mo | $56,812 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.084% | 6.239% | 0 pts ($0) | $1,718/mo | $56,863 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,530/mo | $48,392 |
Frequently Asked Questions
What are today's mortgage rates in 70446, , LA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 70446, , LA is 6.986% (with an estimated monthly payment of $1,609). Active program rates also include FHA 30-year fixed loans at 6.070% and VA 0%-down fixed loans at 6.091%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 70446, , LA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 70446, , LA have fluctuated between a low of 6.875% and a high of 7.129%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 70446, , LA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $277,982 in 70446, , LA, a standard 20%-down Conventional loan requires an upfront cash down payment of $55,596 but keeps your monthly payment lower at $1,609/mo (at 6.986% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,729 (3.5% down) but has an estimated payment of $1,795/mo (at 6.070% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $268,253 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 70446 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 70446 is $806,501. With a typical local home value of $277,982 in , a standard 20%-down mortgage requires a loan size of $222,386. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 70446, , LA impact estimated mortgage payments?
The median home value in 70446, , LA is estimated at $277,982. Buying a typical home here with a standard 20% down payment ($55,596) translates to an estimated starting monthly mortgage payment of $1,609 (principal and interest). Compared to the local area median household income of $74,726 ($6,227/mo), this basic housing payment represents approximately 25.8% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.