Safe Rate Local

Mortgage Rates in Gallatin County, IL

7.496%APR 7.537% · $707/mo (20% Down)
Updated daily · May 22, 2026+0.096% (14d)
Safe Rate Mortgage20% Down Conv.
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14-Day Rate Trend
+0.096%
LO 7.348%HI 7.496%TODAY 7.496%

Browse by Loan Program

See today's rates filtered to your situation — updated daily.

ProductRate / APR Mo. Payment Points
20% Down Conv.
Conventional purchase, 20% down
20% Down740 FICO30-yr
7.496%
7.537% APR
$707
Principal & Interest
$0 Points
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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 Trend

Lowest
7.348%
Highest
7.496%
Today
7.496%
Lower Credit FHA
FHA for buyers with lower credit scores
+$56/mo MI
3.5% Down580 FICO30-yr
6.451%
7.229% APR
$781
Principal & Interest
$0 Points
FHA 3.5% Down
FHA purchase, 3.5% down
+$56/mo MI
3.5% Down680 FICO30-yr
6.507%
7.285% APR
$786
Principal & Interest
$0 Points
FHA Streamline
FHA streamline refinance
+$56/mo MI
0% Down640 FICO30-yr
6.507%
7.285% APR
$786
Principal & Interest
$0 Points
Second Home
Vacation or second home purchase
10% Down720 FICO30-yr
6.523%
7.112% APR
$734
Principal & Interest
$0 Points
VA 0% Down
VA purchase, no down payment
0% Down700 FICO30-yr
6.528%
6.782% APR
$819
Principal & Interest
$0 Points
VA Cash-Out
VA cash-out refinance
0% Down640 FICO30-yr
6.610%
6.995% APR
$807
Principal & Interest
$0 Points
VA IRRRL
VA streamline refinance
0% Down640 FICO30-yr
6.621%
6.782% APR
$738
Principal & Interest
$0 Points
15-Year Refi
15-year fixed refinance
0% Down740 FICO15-yr
6.702%
6.774% APR
$918
Principal & Interest
$0 Points
15-Year Purchase
15-year fixed purchase
20% Down740 FICO15-yr
6.853%
6.915% APR
$901
Principal & Interest
$0 Points
Jumbo
Jumbo loan above conforming limits
20% Down760 FICO30-yr
6.875%
6.985% APR
$5,536
Principal & Interest
$0 Points
HomeReady
Fannie Mae HomeReady, low-income buyers
+$72/mo MI
3% Down660 FICO30-yr
6.909%
7.288% APR
$809
Principal & Interest
$0 Points
10% Down Conv.
Conventional purchase, 10% down
+$76/mo MI
10% Down720 FICO30-yr
7.220%
7.388% APR
$774
Principal & Interest
$0 Points
House Hacking
Multi-unit owner-occupied purchase
+$80/mo MI
5% Down680 FICO30-yr
7.282%
7.532% APR
$823
Principal & Interest
$0 Points
5% Down Conv.
Conventional, avg credit, 5% down
+$80/mo MI
5% Down700 FICO30-yr
7.311%
7.801% APR
$825
Principal & Interest
$0 Points
Rate/Term Refi
Conventional rate/term refinance
0% Down740 FICO30-yr
7.479%
7.545% APR
$726
Principal & Interest
$0 Points
Cash-Out Refi
Conventional cash-out refinance
0% Down740 FICO30-yr
7.625%
7.790% APR
$716
Principal & Interest
$0 Points
Condo 10% Down
Condo purchase, 10% down
+$68/mo MI
10% Down720 FICO30-yr
7.625%
7.877% APR
$645
Principal & Interest
$0 Points
Investment Property
Non-owner occupied rental
25% Down740 FICO30-yr
7.625%
7.922% APR
$672
Principal & Interest
$0 Points

Safe Rate Mortgage Pricing for Gallatin County

Median Home Value
$90,464
2-Yr Appreciation
6.7%
increase
Median Income
$57,455
household
Price-to-Income
1.6x
within reach

Rates updated daily by Safe Rate Mortgage (NMLS #1590949). Your actual rate depends on credit score, down payment, and property details.

Frequently Asked Questions

Market Snapshot

FIPS 17059
Average Home Value
$90,464
Average Rent
$580/mo
Average Income
$57,455
Property Tax
$1,292/yr
Avg Loan
$104,000
Avg LTV
82.2%

Estimated Insurance

Homeowners Insurance
HO-3 policy · covers dwelling, property & liability
$74/mo
Flood Insurance$24/mo
Risk TierVery High
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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.