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 | 7.169% 7.204% APR | $1,094 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 6.920% Highest 7.169% Today 7.169% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.304% 6.371% APR | $1,453 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.329% 6.380% APR | $1,393 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$89/mo MI | 3.5% Down680 FICO30-yr | 6.349% 7.122% APR | $1,234 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$89/mo MI | 0% Down640 FICO30-yr | 6.349% 7.122% APR | $1,234 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$89/mo MI | 3.5% Down580 FICO30-yr | 6.373% 7.146% APR | $1,237 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.374% 6.955% APR | $1,154 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.459% 6.708% APR | $1,299 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.471% 6.849% APR | $1,270 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.482% 6.638% APR | $1,162 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$114/mo MI | 3% Down660 FICO30-yr | 6.851% 7.225% APR | $1,284 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 | |
10% Down Conv. Conventional purchase, 10% down +$121/mo MI | 10% Down720 FICO30-yr | 6.916% 7.075% APR | $1,200 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$128/mo MI | 5% Down680 FICO30-yr | 7.218% 7.464% APR | $1,305 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$128/mo MI | 5% Down700 FICO30-yr | 7.248% 7.732% APR | $1,309 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.249% 7.319% APR | $1,152 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$109/mo MI | 10% Down720 FICO30-yr | 7.422% 7.594% APR | $1,009 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.538% 7.575% APR | $1,134 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.762% APR | $1,073 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.