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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 | 6.915%APR 6.947% | 0 pts$0 | $2,388/moP&I $2,388 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.061%APR 6.828% | 0 pts$0 | $2,392/moP&I $2,223 · MI $169 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.031%APR 6.077% | 0 pts$0 | $2,178/moP&I $2,178 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.869%APR 6.902% | 0 pts$0 | $2,377/moP&I $2,377 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.663% | 0 pts$0 | $2,562/moP&I $2,562 · 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 | 6.031% | 6.077% | 0 pts ($0) | $3,061/mo | $61,335 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.997% | 6.044% | 0 pts ($0) | $3,818/mo | $85,048 |
Condo 10% Down | 10% | 720 credit score | 7.185% | 7.350% | 0 pts ($0) | $2,760/mo | $96,872 |
Conventional 10% Down | 10% | 720 credit score | 6.615% | 6.767% | 0 pts ($0) | $2,605/mo | $89,876 |
Conventional 20% Down | 20% | 740 credit score | 6.915% | 6.947% | 0 pts ($0) | $2,388/mo | $73,930 |
Conventional 5% Down | 5% | 700 credit score | 7.037% | 7.511% | 0 pts ($0) | $2,871/mo | $100,335 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.343% | 7.378% | 0 pts ($0) | $3,116/mo | $107,077 |
Conventional High Balance | 10% | 740 credit score | 7.039% | 7.068% | 0 pts ($0) | $2,720/mo | $92,635 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.827% | 7.200% | 0 pts ($0) | $2,870/mo | $103,620 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.869% | 6.902% | 0 pts ($0) | $2,971/mo | $100,609 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,734/mo | $89,032 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.061% | 6.828% | 0 pts ($0) | $2,681/mo | $94,291 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,742/mo | $95,981 |
FHA Streamline Refi | 0% | 640 credit score | 6.255% | 7.025% | 0 pts ($0) | $2,837/mo | $100,396 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.999% | 7.239% | 0 pts ($0) | $2,860/mo | $103,712 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,831/mo | $55,430 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.663% | 0 pts ($0) | $2,402/mo | $76,578 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.160% | 0 pts ($0) | $2,439/mo | $76,222 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,631/mo | $80,680 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.437% | 7.210% | 0 pts ($0) | $2,790/mo | $99,316 |
Second Home 10% Down | 10% | 720 credit score | 5.958% | 6.527% | 0 pts ($0) | $2,431/mo | $81,827 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,380/mo | $73,592 |
VA 0% Down | 0% | 700 credit score | 6.055% | 6.296% | 0 pts ($0) | $2,788/mo | $92,163 |
VA Cash-Out Refi | 0% | 640 credit score | 6.067% | 6.433% | 0 pts ($0) | $2,791/mo | $92,330 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.079% | 6.228% | 0 pts ($0) | $2,795/mo | $92,497 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,490/mo | $78,777 |
Frequently Asked Questions
What are today's mortgage rates in Clear Creek-Amana Community, IA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Clear Creek-Amana Community, IA is 6.915% (with an estimated monthly payment of $2,244). Active program rates also include FHA 30-year fixed loans at 6.061% and VA 0%-down fixed loans at 6.055%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Clear Creek-Amana Community, IA?
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 Clear Creek-Amana Community, IA have fluctuated between a low of 6.524% and a high of 6.979%. 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 Clear Creek-Amana Community, IA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $452,522 in Clear Creek-Amana Community, IA, a standard 20%-down Conventional loan requires an upfront cash down payment of $90,504 but keeps your monthly payment lower at $2,244/mo (at 6.915% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,838 (3.5% down) but has an estimated payment of $2,520/mo (at 6.061% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $436,684 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 Clear Creek-Amana Community before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Clear Creek-Amana Community is $806,501. With a typical local home value of $452,522 in , a standard 20%-down mortgage requires a loan size of $362,018. 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 Clear Creek-Amana Community, IA impact estimated mortgage payments?
The median home value in Clear Creek-Amana Community, IA is estimated at $452,522. Buying a typical home here with a standard 20% down payment ($90,504) translates to an estimated starting monthly mortgage payment of $2,244 (principal and interest). Compared to the local area median household income of $106,291 ($8,858/mo), this basic housing payment represents approximately 25.3% 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.