Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
See Safe Rate's top scoring lenders for Lee/Berkshire Hills In Farmington River Regional (7-12)
We rank active Lee/Berkshire Hills In Farmington River Regional (7-12) lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.869%APR 6.900% | 0 pts$0 | $2,766/moP&I $2,766 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.998%APR 6.763% | 0 pts$0 | $2,766/moP&I $2,570 · MI $196 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.953%APR 5.997% | 0 pts$0 | $2,514/moP&I $2,514 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.568%APR 6.599% | 0 pts$0 | $2,682/moP&I $2,682 · MI $0 | See details |
| Investment Property FixedConforming | 7.551%APR 7.586% | 0 pts$0 | $2,961/moP&I $2,961 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.953% | 5.997% | 0 pts ($0) | $3,545/mo | $70,437 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.996% | 6.043% | 0 pts ($0) | $4,443/mo | $98,972 |
Condo 10% Down | 10% | 720 credit score | 7.094% | 7.256% | 0 pts ($0) | $3,184/mo | $111,448 |
Conventional 10% Down | 10% | 720 credit score | 6.560% | 6.711% | 0 pts ($0) | $3,015/mo | $103,822 |
Conventional 20% Down | 20% | 740 credit score | 6.869% | 6.900% | 0 pts ($0) | $2,766/mo | $85,463 |
Conventional 5% Down | 5% | 700 credit score | 6.990% | 7.463% | 0 pts ($0) | $3,326/mo | $116,071 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.297% | 7.330% | 0 pts ($0) | $3,610/mo | $123,896 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $3,117/mo | $105,604 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.777% | 7.147% | 0 pts ($0) | $3,323/mo | $119,834 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.568% | 6.599% | 0 pts ($0) | $3,353/mo | $112,324 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,346/mo | $103,624 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.998% | 6.763% | 0 pts ($0) | $3,100/mo | $108,766 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,191/mo | $111,713 |
FHA Streamline Refi | 0% | 640 credit score | 6.122% | 6.889% | 0 pts ($0) | $3,255/mo | $114,708 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.964% | 7.203% | 0 pts ($0) | $3,317/mo | $120,182 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,295/mo | $64,515 |
Investment Property 25% Down | 25% | 740 credit score | 7.551% | 7.586% | 0 pts ($0) | $2,776/mo | $88,247 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $2,839/mo | $88,715 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $3,063/mo | $93,904 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.376% | 7.147% | 0 pts ($0) | $3,227/mo | $114,644 |
Second Home 10% Down | 10% | 720 credit score | 6.011% | 6.581% | 0 pts ($0) | $2,845/mo | $95,994 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,771/mo | $85,654 |
VA 0% Down | 0% | 700 credit score | 5.995% | 6.234% | 0 pts ($0) | $3,224/mo | $106,299 |
VA Cash-Out Refi | 0% | 640 credit score | 5.997% | 6.359% | 0 pts ($0) | $3,225/mo | $106,331 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.017% | 6.164% | 0 pts ($0) | $3,232/mo | $106,655 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,898/mo | $91,688 |
Frequently Asked Questions
What are today's mortgage rates in Lee/Berkshire Hills in Farmington River Regional (7-12), MA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Lee/Berkshire Hills in Farmington River Regional (7-12), MA is 6.869% (with an estimated monthly payment of $2,804). Active program rates also include FHA 30-year fixed loans at 5.998% and VA 0%-down fixed loans at 5.995%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Lee/Berkshire Hills in Farmington River Regional (7-12), MA?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Lee/Berkshire Hills in Farmington River Regional (7-12), MA have fluctuated between a low of 6.475% and a high of 6.935%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Lee/Berkshire Hills in Farmington River Regional (7-12), MA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $526,691 in Lee/Berkshire Hills in Farmington River Regional (7-12), MA, a standard 20%-down Conventional loan requires an upfront cash down payment of $105,338 but keeps your monthly payment lower at $2,804/mo (at 6.869% interest) with no monthly PMI. In comparison, an FHA loan requires only $18,434 (3.5% down) but has an estimated payment of $3,142/mo (at 5.998% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $508,257 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Lee/Berkshire Hills in Farmington River Regional (7-12) before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Lee/Berkshire Hills in Farmington River Regional (7-12) is $806,501. With a typical local home value of $526,691 in , a standard 20%-down mortgage requires a loan size of $421,353. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Lee/Berkshire Hills in Farmington River Regional (7-12), MA impact estimated mortgage payments?
The median home value in Lee/Berkshire Hills in Farmington River Regional (7-12), MA is estimated at $526,691. Buying a typical home here with a standard 20% down payment ($105,338) translates to an estimated starting monthly mortgage payment of $2,804 (principal and interest). Compared to the local area median household income of $106,731 ($8,894/mo), this basic housing payment represents approximately 31.5% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.