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 | 6.969% 6.996% APR | $2,369 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 6.523% Highest 6.969% Today 6.969% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.090% 6.129% APR | $2,907 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.138% 6.177% APR | $3,042 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$198/mo MI | 3.5% Down680 FICO30-yr | 6.328% 7.094% APR | $2,722 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$198/mo MI | 0% Down640 FICO30-yr | 6.328% 7.094% APR | $2,722 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$198/mo MI | 3.5% Down580 FICO30-yr | 6.360% 7.126% APR | $2,731 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.387% 6.629% APR | $2,850 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.397% 6.766% APR | $2,784 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.418% 6.566% APR | $2,550 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$268/mo MI | 10% Down720 FICO30-yr | 6.801% 6.951% APR | $2,621 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$253/mo MI | 3% Down660 FICO30-yr | 6.864% 7.232% APR | $2,843 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.988% APR | $5,536 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 6.996% 7.023% APR | $2,278 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$283/mo MI | 5% Down680 FICO30-yr | 7.121% 7.358% APR | $2,857 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$283/mo MI | 5% Down700 FICO30-yr | 7.153% 7.627% APR | $2,866 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$241/mo MI | 10% Down720 FICO30-yr | 7.254% 7.414% APR | $2,194 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.383% 7.412% APR | $2,469 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.683% APR | $2,371 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 7.625% 7.808% APR | $2,845 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.