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 | 7.227% 7.260% APR | $1,011 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 6.960% Highest 7.227% Today 7.227% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.347% 6.407% APR | $1,326 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$82/mo MI | 3.5% Down680 FICO30-yr | 6.376% 7.146% APR | $1,138 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$82/mo MI | 0% Down640 FICO30-yr | 6.376% 7.146% APR | $1,138 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.378% 6.957% APR | $1,061 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.381% 6.429% APR | $1,284 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$82/mo MI | 3.5% Down580 FICO30-yr | 6.386% 7.157% APR | $1,139 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.479% 6.726% APR | $1,196 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.484% 6.859% APR | $1,168 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.486% 6.639% APR | $1,068 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$105/mo MI | 3% Down660 FICO30-yr | 6.861% 7.232% APR | $1,182 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 | |
10% Down Conv. Conventional purchase, 10% down +$111/mo MI | 10% Down720 FICO30-yr | 6.935% 7.092% APR | $1,105 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$118/mo MI | 5% Down680 FICO30-yr | 7.233% 7.476% APR | $1,201 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$118/mo MI | 5% Down700 FICO30-yr | 7.261% 7.742% APR | $1,205 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.288% 7.349% APR | $1,053 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$100/mo MI | 10% Down720 FICO30-yr | 7.471% 7.641% APR | $932 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.660% APR | $1,051 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.782% APR | $986 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.