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 | 7.137% 7.169% APR | $1,151 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 6.895% Highest 7.137% Today 7.137% | |||||
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.300% 6.347% APR | $1,467 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.301% 6.364% APR | $1,535 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.358% 6.936% APR | $1,216 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$94/mo MI | 3.5% Down680 FICO30-yr | 6.372% 7.143% APR | $1,306 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$94/mo MI | 0% Down640 FICO30-yr | 6.372% 7.143% APR | $1,306 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$94/mo MI | 3.5% Down580 FICO30-yr | 6.379% 7.150% APR | $1,307 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.451% 6.698% APR | $1,370 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.456% 6.831% APR | $1,338 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.474% 6.627% APR | $1,225 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 +$128/mo MI | 10% Down720 FICO30-yr | 6.895% 7.051% APR | $1,263 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$121/mo MI | 3% Down660 FICO30-yr | 6.948% 7.322% APR | $1,369 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.246% 7.314% APR | $1,217 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$135/mo MI | 5% Down680 FICO30-yr | 7.323% 7.568% APR | $1,392 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$135/mo MI | 5% Down700 FICO30-yr | 7.352% 7.837% APR | $1,396 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$115/mo MI | 10% Down720 FICO30-yr | 7.388% 7.556% APR | $1,062 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.498% 7.532% APR | $1,193 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.746% APR | $1,132 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.