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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 | 6.914%APR 6.951% | 0 pts$0 | $2,052/moP&I $2,052 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.944%APR 6.713% | 0 pts$0 | $2,031/moP&I $1,886 · MI $145 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.020%APR 6.072% | 0 pts$0 | $1,869/moP&I $1,869 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.031%APR 7.086% | 0 pts$0 | $2,076/moP&I $2,076 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.675% | 0 pts$0 | $2,202/moP&I $2,202 · 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 | 6.020% | 6.072% | 0 pts ($0) | $2,628/mo | $52,607 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.070% | 6.130% | 0 pts ($0) | $3,296/mo | $73,905 |
Condo 10% Down | 10% | 720 credit score | 7.206% | 7.376% | 0 pts ($0) | $2,377/mo | $83,465 |
Conventional 10% Down | 10% | 720 credit score | 6.617% | 6.773% | 0 pts ($0) | $2,239/mo | $77,253 |
Conventional 20% Down | 20% | 740 credit score | 6.914% | 6.951% | 0 pts ($0) | $2,052/mo | $63,520 |
Conventional 5% Down | 5% | 700 credit score | 7.033% | 7.512% | 0 pts ($0) | $2,466/mo | $86,175 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.357% | 7.397% | 0 pts ($0) | $2,681/mo | $92,177 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,301/mo | $77,968 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.821% | 7.197% | 0 pts ($0) | $2,464/mo | $88,974 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.031% | 7.086% | 0 pts ($0) | $2,595/mo | $88,354 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,209/mo | $76,506 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.944% | 6.713% | 0 pts ($0) | $2,275/mo | $79,683 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,356/mo | $82,478 |
FHA Streamline Refi | 0% | 640 credit score | 6.062% | 6.833% | 0 pts ($0) | $2,388/mo | $83,976 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.997% | 7.242% | 0 pts ($0) | $2,457/mo | $89,099 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,433/mo | $47,632 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.675% | 0 pts ($0) | $2,064/mo | $65,804 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,096/mo | $65,499 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,261/mo | $69,330 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.302% | 7.077% | 0 pts ($0) | $2,364/mo | $83,792 |
Second Home 10% Down | 10% | 720 credit score | 5.948% | 6.521% | 0 pts ($0) | $2,087/mo | $70,210 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,045/mo | $63,239 |
VA 0% Down | 0% | 700 credit score | 6.064% | 6.309% | 0 pts ($0) | $2,398/mo | $79,305 |
VA Cash-Out Refi | 0% | 640 credit score | 6.067% | 6.436% | 0 pts ($0) | $2,399/mo | $79,341 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.073% | 6.226% | 0 pts ($0) | $2,400/mo | $79,412 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,140/mo | $67,694 |
Frequently Asked Questions
What are today's mortgage rates in Clarkdale-Jerome Elementary District, AZ across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Clarkdale-Jerome Elementary District, AZ is 6.914% (with an estimated monthly payment of $2,111). Active program rates also include FHA 30-year fixed loans at 5.944% and VA 0%-down fixed loans at 6.064%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Clarkdale-Jerome Elementary District, 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 Clarkdale-Jerome Elementary District, AZ have fluctuated between a low of 6.546% and a high of 6.992%. 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 Clarkdale-Jerome Elementary District, AZ?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $388,859 in Clarkdale-Jerome Elementary District, AZ, a standard 20%-down Conventional loan requires an upfront cash down payment of $77,772 but keeps your monthly payment lower at $2,111/mo (at 6.914% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,610 (3.5% down) but has an estimated payment of $2,341/mo (at 5.944% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $375,249 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 Clarkdale-Jerome Elementary District before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Clarkdale-Jerome Elementary District is $806,501. With a typical local home value of $388,859 in , a standard 20%-down mortgage requires a loan size of $311,087. 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 Clarkdale-Jerome Elementary District, AZ impact estimated mortgage payments?
The median home value in Clarkdale-Jerome Elementary District, AZ is estimated at $388,859. Buying a typical home here with a standard 20% down payment ($77,772) translates to an estimated starting monthly mortgage payment of $2,111 (principal and interest). Compared to the local area median household income of $49,405 ($4,117/mo), this basic housing payment represents approximately 51.3% 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.