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 | 7.184% 7.216% APR | $1,440 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 6.925% Highest 7.184% Today 7.184% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.158% 6.205% APR | $1,673 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$117/mo MI | 3.5% Down680 FICO30-yr | 6.303% 7.072% APR | $1,615 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$117/mo MI | 0% Down640 FICO30-yr | 6.303% 7.072% APR | $1,615 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.323% 6.900% APR | $1,509 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$117/mo MI | 3.5% Down580 FICO30-yr | 6.336% 7.106% APR | $1,620 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.343% 6.389% APR | $1,833 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.427% 6.673% APR | $1,702 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.431% 6.805% APR | $1,662 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.439% 6.591% APR | $1,520 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 +$159/mo MI | 10% Down720 FICO30-yr | 6.923% 7.080% APR | $1,578 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$150/mo MI | 3% Down660 FICO30-yr | 6.924% 7.298% APR | $1,701 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 6.952% 6.984% APR | $1,300 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$168/mo MI | 5% Down680 FICO30-yr | 7.264% 7.507% APR | $1,724 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$168/mo MI | 5% Down700 FICO30-yr | 7.293% 7.777% APR | $1,729 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$143/mo MI | 10% Down720 FICO30-yr | 7.310% 7.476% APR | $1,312 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.562% 7.596% APR | $1,495 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.710% APR | $1,410 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.