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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 | 6.924%APR 6.961% | 0 pts$0 | $1,766/moP&I $1,766 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.947%APR 6.716% | 0 pts$0 | $1,747/moP&I $1,623 · MI $125 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.042%APR 6.095% | 0 pts$0 | $1,611/moP&I $1,611 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.882%APR 6.920% | 0 pts$0 | $1,759/moP&I $1,759 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.681% | 0 pts$0 | $1,893/moP&I $1,893 · 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 | 6.042% | 6.095% | 0 pts ($0) | $2,264/mo | $45,410 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.010% | 6.064% | 0 pts ($0) | $2,824/mo | $62,973 |
Condo 10% Down | 10% | 720 credit score | 7.240% | 7.411% | 0 pts ($0) | $2,051/mo | $72,084 |
Conventional 10% Down | 10% | 720 credit score | 6.752% | 6.912% | 0 pts ($0) | $1,952/mo | $67,657 |
Conventional 20% Down | 20% | 740 credit score | 6.924% | 6.961% | 0 pts ($0) | $1,766/mo | $54,704 |
Conventional 5% Down | 5% | 700 credit score | 7.047% | 7.528% | 0 pts ($0) | $2,124/mo | $74,240 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.368% | 7.408% | 0 pts ($0) | $2,308/mo | $79,378 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,979/mo | $67,048 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.823% | 7.201% | 0 pts ($0) | $2,120/mo | $76,532 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.882% | 6.920% | 0 pts ($0) | $2,198/mo | $74,478 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,759/mo | $65,791 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.947% | 6.716% | 0 pts ($0) | $1,957/mo | $68,553 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,026/mo | $70,927 |
FHA Streamline Refi | 0% | 640 credit score | 6.066% | 6.837% | 0 pts ($0) | $2,054/mo | $72,256 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.005% | 7.250% | 0 pts ($0) | $2,115/mo | $76,697 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,092/mo | $40,960 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.681% | 0 pts ($0) | $1,775/mo | $56,588 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,802/mo | $56,325 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,944/mo | $59,620 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.306% | 7.082% | 0 pts ($0) | $2,034/mo | $72,096 |
Second Home 10% Down | 10% | 720 credit score | 5.952% | 6.525% | 0 pts ($0) | $1,795/mo | $60,413 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,759/mo | $54,382 |
VA 0% Down | 0% | 700 credit score | 6.068% | 6.313% | 0 pts ($0) | $2,063/mo | $68,239 |
VA Cash-Out Refi | 0% | 640 credit score | 6.071% | 6.441% | 0 pts ($0) | $2,064/mo | $68,270 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.078% | 6.231% | 0 pts ($0) | $2,065/mo | $68,341 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,840/mo | $58,213 |
Frequently Asked Questions
What are today's mortgage rates in Scurry-Rosser Independent, TX across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Scurry-Rosser Independent, TX is 6.924% (with an estimated monthly payment of $2,019). Active program rates also include FHA 30-year fixed loans at 5.947% and VA 0%-down fixed loans at 6.068%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Scurry-Rosser Independent, TX?
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 Scurry-Rosser Independent, TX have fluctuated between a low of 6.563% and a high of 7.003%. 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 Scurry-Rosser Independent, TX?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $334,397 in Scurry-Rosser Independent, TX, a standard 20%-down Conventional loan requires an upfront cash down payment of $66,879 but keeps your monthly payment lower at $2,019/mo (at 6.924% interest) with no monthly PMI. In comparison, an FHA loan requires only $11,704 (3.5% down) but has an estimated payment of $2,237/mo (at 5.947% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $322,693 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 Scurry-Rosser Independent before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Scurry-Rosser Independent is $806,501. With a typical local home value of $334,397 in , a standard 20%-down mortgage requires a loan size of $267,518. 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 Scurry-Rosser Independent, TX impact estimated mortgage payments?
The median home value in Scurry-Rosser Independent, TX is estimated at $334,397. Buying a typical home here with a standard 20% down payment ($66,879) translates to an estimated starting monthly mortgage payment of $2,019 (principal and interest). Compared to the local area median household income of $101,812 ($8,484/mo), this basic housing payment represents approximately 23.8% 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.