Select your Scenario
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 | 7.066%APR 7.108% | 0 pts$0 | $816/moP&I $816 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.081%APR 6.856% | 0 pts$0 | $806/moP&I $749 · MI $57 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.312%APR 6.373% | 0 pts$0 | $755/moP&I $755 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.258%APR 7.303% | 0 pts$0 | $831/moP&I $831 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.699% | 0 pts$0 | $862/moP&I $862 · 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 | 6.312% | 6.373% | 0 pts ($0) | $1,048/mo | $21,624 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.323% | 6.385% | 0 pts ($0) | $1,311/mo | $30,047 |
Condo 10% Down | 10% | 720 credit score | 7.278% | 7.454% | 0 pts ($0) | $937/mo | $32,970 |
Conventional 10% Down | 10% | 720 credit score | 6.856% | 7.021% | 0 pts ($0) | $898/mo | $31,227 |
Conventional 20% Down | 20% | 740 credit score | 7.066% | 7.108% | 0 pts ($0) | $816/mo | $25,423 |
Conventional 5% Down | 5% | 700 credit score | 7.254% | 7.746% | 0 pts ($0) | $987/mo | $34,697 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.497% | 7.542% | 0 pts ($0) | $1,064/mo | $36,726 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $901/mo | $30,521 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.857% | 7.238% | 0 pts ($0) | $968/mo | $34,989 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.258% | 7.303% | 0 pts ($0) | $1,039/mo | $35,628 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,256/mo | $29,949 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.081% | 6.856% | 0 pts ($0) | $904/mo | $31,808 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $922/mo | $32,286 |
FHA Streamline Refi | 0% | 640 credit score | 6.276% | 7.054% | 0 pts ($0) | $956/mo | $33,869 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.195% | 7.447% | 0 pts ($0) | $981/mo | $35,741 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $952/mo | $18,646 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.699% | 0 pts ($0) | $808/mo | $25,759 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $820/mo | $25,640 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $885/mo | $27,139 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.444% | 7.225% | 0 pts ($0) | $939/mo | $33,439 |
Second Home 10% Down | 10% | 720 credit score | 6.091% | 6.671% | 0 pts ($0) | $829/mo | $28,073 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $801/mo | $24,755 |
VA 0% Down | 0% | 700 credit score | 6.093% | 6.342% | 0 pts ($0) | $942/mo | $31,180 |
VA Cash-Out Refi | 0% | 640 credit score | 6.107% | 6.481% | 0 pts ($0) | $943/mo | $31,245 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.116% | 6.273% | 0 pts ($0) | $944/mo | $31,287 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $838/mo | $26,499 |
Frequently Asked Questions
What are today's mortgage rates in Central Heights-Midland, AZ across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Central Heights-Midland, AZ is 7.066% (with an estimated monthly payment of $1,358). Active program rates also include FHA 30-year fixed loans at 6.081% and VA 0%-down fixed loans at 6.093%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Central Heights-Midland, 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 Central Heights-Midland, AZ have fluctuated between a low of 6.842% and a high of 7.206%. 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 Central Heights-Midland, AZ?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $152,220 in Central Heights-Midland, AZ, a standard 20%-down Conventional loan requires an upfront cash down payment of $30,444 but keeps your monthly payment lower at $1,358/mo (at 7.066% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,328 (3.5% down) but has an estimated payment of $1,505/mo (at 6.081% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $146,892 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 Central Heights-Midland before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Central Heights-Midland is $806,501. With a typical local home value of $152,220 in , a standard 20%-down mortgage requires a loan size of $121,776. 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 Central Heights-Midland, AZ impact estimated mortgage payments?
The median home value in Central Heights-Midland, AZ is estimated at $152,220. Buying a typical home here with a standard 20% down payment ($30,444) translates to an estimated starting monthly mortgage payment of $1,358 (principal and interest). Compared to the local area median household income of $65,512 ($5,459/mo), this basic housing payment represents approximately 24.9% 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.