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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 | 7.064%APR 7.106% | 0 pts$0 | $1,621/moP&I $1,621 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.081%APR 6.856% | 0 pts$0 | $1,603/moP&I $1,490 · MI $113 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.310%APR 6.371% | 0 pts$0 | $1,500/moP&I $1,500 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.806%APR 6.848% | 0 pts$0 | $1,579/moP&I $1,579 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.698% | 0 pts$0 | $1,713/moP&I $1,713 · 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 | 6.310% | 6.371% | 0 pts ($0) | $2,084/mo | $42,973 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.075% | 6.137% | 0 pts ($0) | $2,566/mo | $57,554 |
Condo 10% Down | 10% | 720 credit score | 7.276% | 7.452% | 0 pts ($0) | $1,863/mo | $65,525 |
Conventional 10% Down | 10% | 720 credit score | 6.855% | 7.020% | 0 pts ($0) | $1,785/mo | $62,068 |
Conventional 20% Down | 20% | 740 credit score | 7.064% | 7.106% | 0 pts ($0) | $1,621/mo | $50,524 |
Conventional 5% Down | 5% | 700 credit score | 7.253% | 7.745% | 0 pts ($0) | $1,962/mo | $68,965 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.500% | 7.545% | 0 pts ($0) | $2,116/mo | $73,035 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,791/mo | $60,672 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.857% | 7.238% | 0 pts ($0) | $1,925/mo | $69,555 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.806% | 6.848% | 0 pts ($0) | $1,974/mo | $66,702 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,497/mo | $59,535 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.081% | 6.856% | 0 pts ($0) | $1,797/mo | $63,230 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,833/mo | $64,182 |
FHA Streamline Refi | 0% | 640 credit score | 6.275% | 7.053% | 0 pts ($0) | $1,901/mo | $67,319 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.192% | 7.444% | 0 pts ($0) | $1,950/mo | $71,024 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,893/mo | $37,065 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.698% | 0 pts ($0) | $1,606/mo | $51,207 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,631/mo | $50,969 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,760/mo | $53,950 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.444% | 7.225% | 0 pts ($0) | $1,867/mo | $66,474 |
Second Home 10% Down | 10% | 720 credit score | 6.090% | 6.670% | 0 pts ($0) | $1,649/mo | $55,798 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,592/mo | $49,210 |
VA 0% Down | 0% | 700 credit score | 6.093% | 6.342% | 0 pts ($0) | $1,872/mo | $61,982 |
VA Cash-Out Refi | 0% | 640 credit score | 6.106% | 6.480% | 0 pts ($0) | $1,874/mo | $62,103 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.116% | 6.273% | 0 pts ($0) | $1,876/mo | $62,195 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,665/mo | $52,677 |
Frequently Asked Questions
What are today's mortgage rates in Felicity-Franklin Local, OH across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Felicity-Franklin Local, OH is 7.064% (with an estimated monthly payment of $1,362). Active program rates also include FHA 30-year fixed loans at 6.081% and VA 0%-down fixed loans at 6.093%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Felicity-Franklin Local, OH?
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 Felicity-Franklin Local, OH have fluctuated between a low of 6.942% and a high of 7.204%. 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 Felicity-Franklin Local, OH?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $302,597 in Felicity-Franklin Local, OH, a standard 20%-down Conventional loan requires an upfront cash down payment of $60,519 but keeps your monthly payment lower at $1,362/mo (at 7.064% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,591 (3.5% down) but has an estimated payment of $1,510/mo (at 6.081% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $292,006 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 Felicity-Franklin Local before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Felicity-Franklin Local is $806,501. With a typical local home value of $302,597 in , a standard 20%-down mortgage requires a loan size of $242,078. 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 Felicity-Franklin Local, OH impact estimated mortgage payments?
The median home value in Felicity-Franklin Local, OH is estimated at $302,597. Buying a typical home here with a standard 20% down payment ($60,519) translates to an estimated starting monthly mortgage payment of $1,362 (principal and interest). Compared to the local area median household income of $61,045 ($5,087/mo), this basic housing payment represents approximately 26.8% 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.