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 | 7.128% 7.159% APR | $1,635 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 6.874% Highest 7.128% Today 7.128% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.251% 6.295% APR | $2,005 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$134/mo MI | 3.5% Down680 FICO30-yr | 6.264% 7.031% APR | $1,836 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$134/mo MI | 0% Down640 FICO30-yr | 6.264% 7.031% APR | $1,836 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.280% 6.855% APR | $1,715 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.292% 6.336% APR | $2,085 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$134/mo MI | 3.5% Down580 FICO30-yr | 6.297% 7.065% APR | $1,842 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.420% 6.792% APR | $1,895 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.424% 6.575% APR | $1,733 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.443% 6.688% APR | $1,946 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 | |
10% Down Conv. Conventional purchase, 10% down +$182/mo MI | 10% Down720 FICO30-yr | 6.885% 7.039% APR | $1,795 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$172/mo MI | 3% Down660 FICO30-yr | 6.911% 7.283% APR | $1,939 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.153% 7.184% APR | $1,579 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$192/mo MI | 5% Down680 FICO30-yr | 7.225% 7.467% APR | $1,960 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$192/mo MI | 5% Down700 FICO30-yr | 7.254% 7.734% APR | $1,966 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$164/mo MI | 10% Down720 FICO30-yr | 7.371% 7.537% APR | $1,507 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.490% 7.522% APR | $1,694 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.737% APR | $1,610 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.