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 | 7.029% 7.058% APR | $1,943 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 6.604% Highest 7.029% Today 7.029% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$161/mo MI | 3.5% Down680 FICO30-yr | 6.105% 6.869% APR | $2,167 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$161/mo MI | 0% Down640 FICO30-yr | 6.105% 6.869% APR | $2,167 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$230/mo MI | 5% Down700 FICO30-yr | 6.106% 6.818% APR | $2,133 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.111% 6.680% APR | $2,022 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$161/mo MI | 3.5% Down580 FICO30-yr | 6.114% 6.878% APR | $2,169 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.167% 6.208% APR | $2,424 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.229% 6.270% APR | $2,493 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.427% 6.671% APR | $2,332 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.430% 6.801% APR | $2,277 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.436% 6.586% APR | $2,082 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$218/mo MI | 10% Down720 FICO30-yr | 6.840% 6.992% APR | $2,144 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 +$206/mo MI | 3% Down660 FICO30-yr | 6.897% 7.266% APR | $2,324 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.077% 7.106% APR | $1,906 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$230/mo MI | 5% Down680 FICO30-yr | 7.169% 7.408% APR | $2,339 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$197/mo MI | 10% Down720 FICO30-yr | 7.310% 7.473% APR | $1,798 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.435% 7.465% APR | $2,023 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.709% APR | $1,932 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.