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 | 7.369% 7.410% APR | $853 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 7.189% Highest 7.369% Today 7.369% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$68/mo MI | 3.5% Down680 FICO30-yr | 6.403% 7.180% APR | $949 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$68/mo MI | 0% Down640 FICO30-yr | 6.403% 7.180% APR | $949 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.411% 6.545% APR | $1,219 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$68/mo MI | 3.5% Down580 FICO30-yr | 6.413% 7.190% APR | $950 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.417% 7.003% APR | $887 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.500% 6.753% APR | $998 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.500% 6.882% APR | $974 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.509% 6.669% APR | $891 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.706% 6.766% APR | $1,091 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 | |
HomeReady Fannie Mae HomeReady, low-income buyers +$87/mo MI | 3% Down660 FICO30-yr | 6.879% 7.257% APR | $985 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$93/mo MI | 10% Down720 FICO30-yr | 7.055% 7.220% APR | $930 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.246% 7.474% APR | $960 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$98/mo MI | 5% Down680 FICO30-yr | 7.249% 7.499% APR | $1,001 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$98/mo MI | 5% Down700 FICO30-yr | 7.278% 7.766% APR | $1,004 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.731% APR | $875 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$83/mo MI | 10% Down720 FICO30-yr | 7.625% 7.811% APR | $788 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.858% APR | $820 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.