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 | 6.991% 7.019% APR | $2,137 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 6.562% Highest 6.991% Today 6.991% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$178/mo MI | 3.5% Down680 FICO30-yr | 6.097% 6.860% APR | $2,391 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$178/mo MI | 0% Down640 FICO30-yr | 6.097% 6.860% APR | $2,391 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$255/mo MI | 5% Down700 FICO30-yr | 6.099% 6.811% APR | $2,354 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.103% 6.671% APR | $2,231 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$178/mo MI | 3.5% Down580 FICO30-yr | 6.107% 6.870% APR | $2,393 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.129% 6.169% APR | $2,654 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.183% 6.223% APR | $2,745 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.418% 6.661% APR | $2,573 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.422% 6.792% APR | $2,512 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.427% 6.576% APR | $2,297 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$241/mo MI | 10% Down720 FICO30-yr | 6.820% 6.972% APR | $2,363 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 +$227/mo MI | 3% Down660 FICO30-yr | 6.890% 7.259% APR | $2,565 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.034% 7.062% APR | $2,082 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$255/mo MI | 5% Down680 FICO30-yr | 7.143% 7.381% APR | $2,577 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$217/mo MI | 10% Down720 FICO30-yr | 7.282% 7.444% APR | $1,980 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.409% 7.439% APR | $2,228 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.696% APR | $2,133 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.