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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.
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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 | 6.944%APR 6.978% | 0 pts$0 | $1,806/moP&I $1,806 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.962%APR 6.729% | 0 pts$0 | $1,786/moP&I $1,659 · MI $127 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.090%APR 6.138% | 0 pts$0 | $1,652/moP&I $1,652 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.968%APR 7.002% | 0 pts$0 | $1,810/moP&I $1,810 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.679% | 0 pts$0 | $1,932/moP&I $1,932 · MI $0 | See details |
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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 | 6.090% | 6.138% | 0 pts ($0) | $2,317/mo | $46,717 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.032% | 6.080% | 0 pts ($0) | $2,885/mo | $64,477 |
Condo 10% Down | 10% | 720 credit score | 7.249% | 7.417% | 0 pts ($0) | $2,095/mo | $73,640 |
Conventional 10% Down | 10% | 720 credit score | 6.776% | 6.932% | 0 pts ($0) | $1,997/mo | $69,261 |
Conventional 20% Down | 20% | 740 credit score | 6.944% | 6.978% | 0 pts ($0) | $1,806/mo | $55,986 |
Conventional 5% Down | 5% | 700 credit score | 7.077% | 7.555% | 0 pts ($0) | $2,173/mo | $76,049 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.374% | 7.410% | 0 pts ($0) | $2,357/mo | $81,061 |
Conventional High Balance | 10% | 740 credit score | 7.023% | 7.052% | 0 pts ($0) | $2,048/mo | $69,704 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.841% | 7.215% | 0 pts ($0) | $2,167/mo | $78,275 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.968% | 7.002% | 0 pts ($0) | $2,263/mo | $76,883 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,816/mo | $67,135 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.962% | 6.729% | 0 pts ($0) | $2,001/mo | $70,104 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,067/mo | $72,375 |
FHA Streamline Refi | 0% | 640 credit score | 6.079% | 6.847% | 0 pts ($0) | $2,099/mo | $73,867 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.034% | 7.276% | 0 pts ($0) | $2,164/mo | $78,546 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,135/mo | $41,797 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.679% | 0 pts ($0) | $1,811/mo | $57,744 |
Jumbo Conforming | 20% | 760 credit score | 7.095% | 7.124% | 0 pts ($0) | $1,834/mo | $57,229 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,984/mo | $60,837 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.328% | 7.100% | 0 pts ($0) | $2,080/mo | $73,791 |
Second Home 10% Down | 10% | 720 credit score | 5.967% | 6.537% | 0 pts ($0) | $1,835/mo | $61,785 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,795/mo | $55,492 |
VA 0% Down | 0% | 700 credit score | 6.081% | 6.323% | 0 pts ($0) | $2,108/mo | $69,769 |
VA Cash-Out Refi | 0% | 640 credit score | 6.084% | 6.451% | 0 pts ($0) | $2,109/mo | $69,800 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.091% | 6.241% | 0 pts ($0) | $2,110/mo | $69,873 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,878/mo | $59,402 |
Frequently Asked Questions
What are today's mortgage rates in Montrose County School District RE-1J, CO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Montrose County School District RE-1J, CO is 6.944% (with an estimated monthly payment of $1,979). Active program rates also include FHA 30-year fixed loans at 5.962% and VA 0%-down fixed loans at 6.081%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Montrose County School District RE-1J, CO?
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 Montrose County School District RE-1J, CO have fluctuated between a low of 6.572% and a high of 7.015%. 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 Montrose County School District RE-1J, CO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $341,227 in Montrose County School District RE-1J, CO, a standard 20%-down Conventional loan requires an upfront cash down payment of $68,245 but keeps your monthly payment lower at $1,979/mo (at 6.944% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,943 (3.5% down) but has an estimated payment of $2,192/mo (at 5.962% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $329,284 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 Montrose County School District RE-1J before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Montrose County School District RE-1J is $806,501. With a typical local home value of $341,227 in , a standard 20%-down mortgage requires a loan size of $272,982. 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 Montrose County School District RE-1J, CO impact estimated mortgage payments?
The median home value in Montrose County School District RE-1J, CO is estimated at $341,227. Buying a typical home here with a standard 20% down payment ($68,245) translates to an estimated starting monthly mortgage payment of $1,979 (principal and interest). Compared to the local area median household income of $81,243 ($6,770/mo), this basic housing payment represents approximately 29.2% 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.