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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 | 6.824%APR 6.853% | 0 pts$0 | $4,923/moP&I $4,923 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.940%APR 6.703% | 0 pts$0 | $4,917/moP&I $4,566 · MI $351 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.871%APR 5.912% | 0 pts$0 | $4,454/moP&I $4,454 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.533%APR 6.561% | 0 pts$0 | $4,778/moP&I $4,778 · MI $0 | See details |
| Investment Property FixedConforming | 7.481%APR 7.514% | 0 pts$0 | $5,257/moP&I $5,257 · 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 | 5.871% | 5.912% | 0 pts ($0) | $6,304/mo | $124,135 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.868% | 5.910% | 0 pts ($0) | $7,879/mo | $173,449 |
Condo 10% Down | 10% | 720 credit score | 7.009% | 7.168% | 0 pts ($0) | $5,643/mo | $197,069 |
Conventional 10% Down | 10% | 720 credit score | 6.500% | 6.648% | 0 pts ($0) | $5,356/mo | $184,076 |
Conventional 20% Down | 20% | 740 credit score | 6.824% | 6.853% | 0 pts ($0) | $4,923/mo | $151,765 |
Conventional 5% Down | 5% | 700 credit score | 6.951% | 7.420% | 0 pts ($0) | $5,922/mo | $206,454 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.247% | 7.279% | 0 pts ($0) | $6,421/mo | $220,074 |
Conventional High Balance | 10% | 740 credit score | 7.023% | 7.052% | 0 pts ($0) | $5,651/mo | $192,342 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.667% | 7.033% | 0 pts ($0) | $5,874/mo | $211,205 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.533% | 6.561% | 0 pts ($0) | $5,972/mo | $199,814 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $7,770/mo | $185,253 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.940% | 6.703% | 0 pts ($0) | $5,507/mo | $192,834 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $5,705/mo | $199,713 |
FHA Streamline Refi | 0% | 640 credit score | 6.050% | 6.815% | 0 pts ($0) | $5,775/mo | $202,995 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.925% | 7.161% | 0 pts ($0) | $5,906/mo | $213,803 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $5,891/mo | $115,335 |
Investment Property 25% Down | 25% | 740 credit score | 7.481% | 7.514% | 0 pts ($0) | $4,929/mo | $156,270 |
Jumbo Conforming | 20% | 760 credit score | 7.095% | 7.124% | 0 pts ($0) | $5,060/mo | $157,917 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $5,475/mo | $167,876 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.293% | 7.062% | 0 pts ($0) | $5,718/mo | $202,646 |
Second Home 10% Down | 10% | 720 credit score | 5.951% | 6.518% | 0 pts ($0) | $5,054/mo | $170,084 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $4,953/mo | $153,126 |
VA 0% Down | 0% | 700 credit score | 5.939% | 6.176% | 0 pts ($0) | $5,729/mo | $188,417 |
VA Cash-Out Refi | 0% | 640 credit score | 5.944% | 6.304% | 0 pts ($0) | $5,732/mo | $188,561 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.955% | 6.100% | 0 pts ($0) | $5,739/mo | $188,879 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $5,181/mo | $163,915 |
Frequently Asked Questions
What are today's mortgage rates in Croton-on-Hudson, NY across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Croton-on-Hudson, NY is 6.824% (with an estimated monthly payment of $3,891). Active program rates also include FHA 30-year fixed loans at 5.940% and VA 0%-down fixed loans at 5.939%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Croton-on-Hudson, NY?
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 Croton-on-Hudson, NY have fluctuated between a low of 6.427% and a high of 6.887%. 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 Croton-on-Hudson, NY?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $941,587 in Croton-on-Hudson, NY, a standard 20%-down Conventional loan requires an upfront cash down payment of $188,317 but keeps your monthly payment lower at $3,891/mo (at 6.824% interest) with no monthly PMI. In comparison, an FHA loan requires only $32,956 (3.5% down) but has an estimated payment of $4,353/mo (at 5.940% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $908,631 falls comfortably within the local HUD FHA loan limit of $1,082,825 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Croton-on-Hudson before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Croton-on-Hudson is $806,501. With a typical local home value of $941,587 in , a standard 20%-down mortgage requires a loan size of $753,270. 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 Croton-on-Hudson, NY impact estimated mortgage payments?
The median home value in Croton-on-Hudson, NY is estimated at $941,587. Buying a typical home here with a standard 20% down payment ($188,317) translates to an estimated starting monthly mortgage payment of $3,891 (principal and interest). Compared to the local area median household income of $197,545 ($16,462/mo), this basic housing payment represents approximately 23.6% 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.