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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 | 6.900%APR 6.936% | 0 pts$0 | $1,614/moP&I $1,614 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.048%APR 6.819% | 0 pts$0 | $1,617/moP&I $1,502 · MI $114 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.998%APR 6.049% | 0 pts$0 | $1,469/moP&I $1,469 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.766%APR 6.802% | 0 pts$0 | $1,592/moP&I $1,592 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.668% | 0 pts$0 | $1,734/moP&I $1,734 · 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 | 5.998% | 6.049% | 0 pts ($0) | $2,067/mo | $41,279 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.997% | 6.050% | 0 pts ($0) | $2,584/mo | $57,563 |
Condo 10% Down | 10% | 720 credit score | 7.161% | 7.330% | 0 pts ($0) | $1,864/mo | $65,366 |
Conventional 10% Down | 10% | 720 credit score | 6.599% | 6.755% | 0 pts ($0) | $1,760/mo | $60,698 |
Conventional 20% Down | 20% | 740 credit score | 6.900% | 6.936% | 0 pts ($0) | $1,614/mo | $49,927 |
Conventional 5% Down | 5% | 700 credit score | 7.014% | 7.492% | 0 pts ($0) | $1,939/mo | $67,708 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.342% | 7.381% | 0 pts ($0) | $2,109/mo | $72,463 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,812/mo | $61,410 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.810% | 7.186% | 0 pts ($0) | $1,939/mo | $69,981 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.766% | 6.802% | 0 pts ($0) | $1,990/mo | $67,145 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,527/mo | $60,259 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.048% | 6.819% | 0 pts ($0) | $1,812/mo | $63,701 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,856/mo | $64,963 |
FHA Streamline Refi | 0% | 640 credit score | 6.248% | 7.022% | 0 pts ($0) | $1,918/mo | $67,886 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.985% | 7.229% | 0 pts ($0) | $1,933/mo | $70,072 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,916/mo | $37,516 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.668% | 0 pts ($0) | $1,626/mo | $51,830 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,651/mo | $51,589 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,781/mo | $54,607 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.416% | 7.193% | 0 pts ($0) | $1,884/mo | $67,030 |
Second Home 10% Down | 10% | 720 credit score | 5.944% | 6.516% | 0 pts ($0) | $1,643/mo | $55,267 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,611/mo | $49,809 |
VA 0% Down | 0% | 700 credit score | 6.042% | 6.286% | 0 pts ($0) | $1,884/mo | $62,257 |
VA Cash-Out Refi | 0% | 640 credit score | 6.054% | 6.423% | 0 pts ($0) | $1,887/mo | $62,369 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.068% | 6.220% | 0 pts ($0) | $1,889/mo | $62,501 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,685/mo | $53,318 |
Frequently Asked Questions
What are today's mortgage rates in 85928, Heber-Overgaard, AZ across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 85928, Heber-Overgaard, AZ is 6.900% (with an estimated monthly payment of $2,246). Active program rates also include FHA 30-year fixed loans at 6.048% and VA 0%-down fixed loans at 6.042%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 85928, Heber-Overgaard, AZ?
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 85928, Heber-Overgaard, AZ have fluctuated between a low of 6.523% and a high of 6.978%. 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 85928, Heber-Overgaard, AZ?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $306,280 in 85928, Heber-Overgaard, AZ, a standard 20%-down Conventional loan requires an upfront cash down payment of $61,256 but keeps your monthly payment lower at $2,246/mo (at 6.900% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,720 (3.5% down) but has an estimated payment of $2,523/mo (at 6.048% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $295,560 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 85928 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 85928 is $806,501. With a typical local home value of $306,280 in Heber-Overgaard, a standard 20%-down mortgage requires a loan size of $245,024. 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 85928, Heber-Overgaard, AZ impact estimated mortgage payments?
The median home value in 85928, Heber-Overgaard, AZ is estimated at $306,280. Buying a typical home here with a standard 20% down payment ($61,256) translates to an estimated starting monthly mortgage payment of $2,246 (principal and interest). Compared to the local area median household income of $65,346 ($5,446/mo), this basic housing payment represents approximately 41.2% 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.