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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 | 6.862%APR 6.897% | 0 pts$0 | $2,032/moP&I $2,032 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.997%APR 6.766% | 0 pts$0 | $2,033/moP&I $1,889 · MI $144 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.935%APR 5.984% | 0 pts$0 | $1,844/moP&I $1,844 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.826%APR 6.861% | 0 pts$0 | $2,025/moP&I $2,025 · MI $0 | See details |
| Investment Property FixedConforming | 7.570%APR 7.610% | 0 pts$0 | $2,181/moP&I $2,181 · 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 | 5.935% | 5.984% | 0 pts ($0) | $2,603/mo | $51,615 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.915% | 5.965% | 0 pts ($0) | $3,249/mo | $71,845 |
Condo 10% Down | 10% | 720 credit score | 7.089% | 7.255% | 0 pts ($0) | $2,339/mo | $81,871 |
Conventional 10% Down | 10% | 720 credit score | 6.557% | 6.711% | 0 pts ($0) | $2,215/mo | $76,286 |
Conventional 20% Down | 20% | 740 credit score | 6.862% | 6.897% | 0 pts ($0) | $2,032/mo | $62,757 |
Conventional 5% Down | 5% | 700 credit score | 6.983% | 7.460% | 0 pts ($0) | $2,443/mo | $85,244 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.306% | 7.344% | 0 pts ($0) | $2,656/mo | $91,179 |
Conventional High Balance | 10% | 740 credit score | 7.001% | 7.034% | 0 pts ($0) | $2,318/mo | $78,856 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.769% | 7.143% | 0 pts ($0) | $2,441/mo | $87,997 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.826% | 6.861% | 0 pts ($0) | $2,531/mo | $85,576 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,195/mo | $76,172 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.997% | 6.766% | 0 pts ($0) | $2,278/mo | $79,941 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,346/mo | $82,118 |
FHA Streamline Refi | 0% | 640 credit score | 6.135% | 6.906% | 0 pts ($0) | $2,396/mo | $84,474 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.957% | 7.199% | 0 pts ($0) | $2,436/mo | $88,266 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,422/mo | $47,424 |
Investment Property 25% Down | 25% | 740 credit score | 7.570% | 7.610% | 0 pts ($0) | $2,044/mo | $65,035 |
Jumbo Conforming | 20% | 760 credit score | 7.003% | 7.035% | 0 pts ($0) | $2,061/mo | $64,073 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,251/mo | $69,027 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.372% | 7.147% | 0 pts ($0) | $2,371/mo | $84,227 |
Second Home 10% Down | 10% | 720 credit score | 6.013% | 6.586% | 0 pts ($0) | $2,092/mo | $70,584 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,037/mo | $62,962 |
VA 0% Down | 0% | 700 credit score | 5.993% | 6.235% | 0 pts ($0) | $2,369/mo | $78,115 |
VA Cash-Out Refi | 0% | 640 credit score | 5.997% | 6.363% | 0 pts ($0) | $2,370/mo | $78,162 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.019% | 6.170% | 0 pts ($0) | $2,376/mo | $78,424 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,130/mo | $67,398 |
Frequently Asked Questions
What are today's mortgage rates in S Y, MT across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in S Y, MT is 6.862% (with an estimated monthly payment of $2,660). Active program rates also include FHA 30-year fixed loans at 5.997% and VA 0%-down fixed loans at 5.993%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in S Y, MT?
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 S Y, MT have fluctuated between a low of 6.484% and a high of 6.944%. 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 S Y, MT?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $387,161 in S Y, MT, a standard 20%-down Conventional loan requires an upfront cash down payment of $77,432 but keeps your monthly payment lower at $2,660/mo (at 6.862% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,551 (3.5% down) but has an estimated payment of $2,983/mo (at 5.997% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $373,610 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 S Y before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in S Y is $806,501. With a typical local home value of $387,161 in , a standard 20%-down mortgage requires a loan size of $309,729. 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 S Y, MT impact estimated mortgage payments?
The median home value in S Y, MT is estimated at $387,161. Buying a typical home here with a standard 20% down payment ($77,432) translates to an estimated starting monthly mortgage payment of $2,660 (principal and interest). Compared to the local area median household income of $87,876 ($7,323/mo), this basic housing payment represents approximately 36.3% of gross monthly household income. Because this housing cost exceeds the standard 36% lender DTI guideline, buyers in this high-value area may need larger down payments, lower debt balances, or co-borrower income to qualify.