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 | 7.539% 7.585% APR | $686 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 7.372% Highest 7.539% Today 7.539% | |||||
Lower Credit FHA FHA for buyers with lower credit scores +$54/mo MI | 3.5% Down580 FICO30-yr | 6.460% 7.242% APR | $755 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$54/mo MI | 3.5% Down680 FICO30-yr | 6.515% 7.298% APR | $759 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$54/mo MI | 0% Down640 FICO30-yr | 6.515% 7.298% APR | $759 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.526% 7.120% APR | $709 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.610% 6.870% APR | $797 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.618% 7.008% APR | $779 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.621% 6.786% APR | $712 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.724% 6.806% APR | $896 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 | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.891% 6.960% APR | $872 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$69/mo MI | 3% Down660 FICO30-yr | 6.916% 7.300% APR | $781 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$73/mo MI | 10% Down720 FICO30-yr | 7.236% 7.409% APR | $749 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$77/mo MI | 5% Down680 FICO30-yr | 7.290% 7.545% APR | $794 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$77/mo MI | 5% Down700 FICO30-yr | 7.319% 7.814% APR | $797 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.495% 7.573% APR | $709 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.808% APR | $691 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$66/mo MI | 10% Down720 FICO30-yr | 7.625% 7.897% APR | $622 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.941% APR | $648 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.