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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 | 6.832%APR 6.866% | 0 pts$0 | $387/moP&I $387 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.975%APR 6.743% | 0 pts$0 | $387/moP&I $360 · MI $28 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.877%APR 5.924% | 0 pts$0 | $350/moP&I $350 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.800%APR 6.834% | 0 pts$0 | $385/moP&I $385 · MI $0 | See details |
| Investment Property FixedConforming | 7.516%APR 7.555% | 0 pts$0 | $414/moP&I $414 · 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 | 5.877% | 5.924% | 0 pts ($0) | $495/mo | $9,754 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.871% | 5.919% | 0 pts ($0) | $619/mo | $13,621 |
Condo 10% Down | 10% | 720 credit score | 7.032% | 7.196% | 0 pts ($0) | $444/mo | $15,514 |
Conventional 10% Down | 10% | 720 credit score | 6.517% | 6.669% | 0 pts ($0) | $421/mo | $14,482 |
Conventional 20% Down | 20% | 740 credit score | 6.832% | 6.866% | 0 pts ($0) | $387/mo | $11,926 |
Conventional 5% Down | 5% | 700 credit score | 6.957% | 7.430% | 0 pts ($0) | $465/mo | $16,217 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.273% | 7.310% | 0 pts ($0) | $505/mo | $17,332 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $437/mo | $14,818 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.708% | 7.079% | 0 pts ($0) | $463/mo | $16,666 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.800% | 6.834% | 0 pts ($0) | $482/mo | $16,278 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $610/mo | $14,541 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.975% | 6.743% | 0 pts ($0) | $434/mo | $15,212 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $448/mo | $15,676 |
FHA Streamline Refi | 0% | 640 credit score | 6.104% | 6.874% | 0 pts ($0) | $456/mo | $16,055 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.931% | 7.172% | 0 pts ($0) | $464/mo | $16,794 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $462/mo | $9,053 |
Investment Property 25% Down | 25% | 740 credit score | 7.516% | 7.555% | 0 pts ($0) | $388/mo | $12,324 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $398/mo | $12,449 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $430/mo | $13,177 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.344% | 7.118% | 0 pts ($0) | $451/mo | $16,017 |
Second Home 10% Down | 10% | 720 credit score | 7.497% | 7.670% | 0 pts ($0) | $465/mo | $16,447 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $389/mo | $12,019 |
VA 0% Down | 0% | 700 credit score | 5.955% | 6.196% | 0 pts ($0) | $450/mo | $14,825 |
VA Cash-Out Refi | 0% | 640 credit score | 5.962% | 6.326% | 0 pts ($0) | $451/mo | $14,841 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.975% | 6.125% | 0 pts ($0) | $451/mo | $14,871 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $407/mo | $12,866 |
Frequently Asked Questions
What are today's mortgage rates in 70787, , LA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 70787, , LA is 6.832% (with an estimated monthly payment of $3,220). Active program rates also include FHA 30-year fixed loans at 5.975% and VA 0%-down fixed loans at 5.955%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 70787, , 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 70787, , LA have fluctuated between a low of 6.452% and a high of 6.912%. 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 70787, , LA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $73,906 in 70787, , LA, a standard 20%-down Conventional loan requires an upfront cash down payment of $14,781 but keeps your monthly payment lower at $3,220/mo (at 6.832% interest) with no monthly PMI. In comparison, an FHA loan requires only $2,587 (3.5% down) but has an estimated payment of $3,293/mo (at 5.975% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $71,319 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 70787 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 70787 is $806,501. With a typical local home value of $73,906 in , a standard 20%-down mortgage requires a loan size of $59,125. 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 70787, , LA impact estimated mortgage payments?
The median home value in 70787, , LA is estimated at $73,906. Buying a typical home here with a standard 20% down payment ($14,781) translates to an estimated starting monthly mortgage payment of $3,220 (principal and interest). Compared to the local area median household income of $106,688 ($8,891/mo), this basic housing payment represents approximately 36.2% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.