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 | 7.306% 7.343% APR | $887 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 7.066% Highest 7.306% Today 7.306% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$71/mo MI | 3.5% Down680 FICO30-yr | 6.390% 7.164% APR | $992 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$71/mo MI | 0% Down640 FICO30-yr | 6.390% 7.164% APR | $992 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$71/mo MI | 3.5% Down580 FICO30-yr | 6.400% 7.175% APR | $993 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.408% 6.992% APR | $927 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.492% 6.743% APR | $1,043 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.499% 6.879% APR | $1,019 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.500% 6.657% APR | $931 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.562% 6.617% APR | $1,131 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.673% 6.734% APR | $947 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$91/mo MI | 3% Down660 FICO30-yr | 6.865% 7.240% APR | $1,029 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 | |
10% Down Conv. Conventional purchase, 10% down +$97/mo MI | 10% Down720 FICO30-yr | 7.005% 7.167% APR | $968 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.195% 7.235% APR | $729 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$102/mo MI | 5% Down680 FICO30-yr | 7.239% 7.486% APR | $1,046 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$102/mo MI | 5% Down700 FICO30-yr | 7.265% 7.750% APR | $1,049 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$87/mo MI | 10% Down720 FICO30-yr | 7.588% 7.765% APR | $821 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.700% APR | $915 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.841% APR | $858 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.