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 | 7.163% 7.194% APR | $1,506 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 6.908% Highest 7.163% Today 7.163% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.267% 6.312% APR | $1,912 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$123/mo MI | 3.5% Down680 FICO30-yr | 6.286% 7.054% APR | $1,689 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$123/mo MI | 0% Down640 FICO30-yr | 6.286% 7.054% APR | $1,689 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.312% 6.888% APR | $1,580 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$123/mo MI | 3.5% Down580 FICO30-yr | 6.319% 7.088% APR | $1,695 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.324% 6.370% APR | $1,919 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.425% 6.671% APR | $1,783 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.426% 6.799% APR | $1,741 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.434% 6.586% APR | $1,592 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.988% APR | $5,536 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$167/mo MI | 10% Down720 FICO30-yr | 6.909% 7.065% APR | $1,652 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$158/mo MI | 3% Down660 FICO30-yr | 6.919% 7.292% APR | $1,782 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.171% 7.202% APR | $1,507 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$176/mo MI | 5% Down680 FICO30-yr | 7.249% 7.492% APR | $1,804 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$176/mo MI | 5% Down700 FICO30-yr | 7.278% 7.759% APR | $1,809 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$150/mo MI | 10% Down720 FICO30-yr | 7.398% 7.565% APR | $1,388 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.530% 7.563% APR | $1,562 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.751% APR | $1,478 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.
Get a custom quote for Boone County, take our product quiz to find the right loan, or save this rate to your dashboard.
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.