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 | 7.027% 7.052% APR | $1,952 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 6.601% Highest 7.027% Today 7.027% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$162/mo MI | 3.5% Down680 FICO30-yr | 6.105% 6.865% APR | $2,177 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$162/mo MI | 0% Down640 FICO30-yr | 6.105% 6.865% APR | $2,177 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$232/mo MI | 5% Down700 FICO30-yr | 6.106% 6.815% APR | $2,144 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.110% 6.676% APR | $2,032 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$162/mo MI | 3.5% Down580 FICO30-yr | 6.114% 6.874% APR | $2,179 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.165% 6.201% APR | $2,436 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.227% 6.263% APR | $2,505 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.427% 6.667% APR | $2,343 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.429% 6.796% APR | $2,288 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.435% 6.581% APR | $2,092 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$219/mo MI | 10% Down720 FICO30-yr | 6.839% 6.988% APR | $2,154 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.985% APR | $5,536 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$207/mo MI | 3% Down660 FICO30-yr | 6.896% 7.261% APR | $2,336 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.074% 7.099% APR | $1,915 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$232/mo MI | 5% Down680 FICO30-yr | 7.168% 7.403% APR | $2,351 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$197/mo MI | 10% Down720 FICO30-yr | 7.309% 7.467% APR | $1,807 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.433% 7.459% APR | $2,032 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.704% APR | $1,941 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.