Select your Scenario
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 | 6.976%APR 7.011% | 0 pts$0 | $1,471/moP&I $1,471 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.971%APR 6.738% | 0 pts$0 | $1,451/moP&I $1,348 · MI $103 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.191%APR 6.241% | 0 pts$0 | $1,356/moP&I $1,356 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.992%APR 7.027% | 0 pts$0 | $1,474/moP&I $1,474 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.697% | 0 pts$0 | $1,569/moP&I $1,569 · 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 | 6.191% | 6.241% | 0 pts ($0) | $1,894/mo | $38,585 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.083% | 6.133% | 0 pts ($0) | $2,351/mo | $52,766 |
Condo 10% Down | 10% | 720 credit score | 7.287% | 7.456% | 0 pts ($0) | $1,707/mo | $60,083 |
Conventional 10% Down | 10% | 720 credit score | 6.803% | 6.960% | 0 pts ($0) | $1,626/mo | $56,445 |
Conventional 20% Down | 20% | 740 credit score | 6.976% | 7.011% | 0 pts ($0) | $1,471/mo | $45,676 |
Conventional 5% Down | 5% | 700 credit score | 7.121% | 7.603% | 0 pts ($0) | $1,773/mo | $62,104 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.406% | 7.443% | 0 pts ($0) | $1,920/mo | $66,092 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,640/mo | $55,557 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.850% | 7.225% | 0 pts ($0) | $1,761/mo | $63,634 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.992% | 7.027% | 0 pts ($0) | $1,842/mo | $62,632 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,286/mo | $54,516 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.971% | 6.738% | 0 pts ($0) | $1,626/mo | $57,000 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,679/mo | $58,771 |
FHA Streamline Refi | 0% | 640 credit score | 6.091% | 6.860% | 0 pts ($0) | $1,707/mo | $60,084 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.079% | 7.323% | 0 pts ($0) | $1,765/mo | $64,139 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,734/mo | $33,941 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.697% | 0 pts ($0) | $1,471/mo | $46,890 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $1,493/mo | $46,672 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,611/mo | $49,402 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.342% | 7.115% | 0 pts ($0) | $1,691/mo | $60,035 |
Second Home 10% Down | 10% | 720 credit score | 6.079% | 6.653% | 0 pts ($0) | $1,508/mo | $51,011 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,458/mo | $45,062 |
VA 0% Down | 0% | 700 credit score | 6.093% | 6.336% | 0 pts ($0) | $1,714/mo | $56,756 |
VA Cash-Out Refi | 0% | 640 credit score | 6.097% | 6.465% | 0 pts ($0) | $1,715/mo | $56,791 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.088% | 6.239% | 0 pts ($0) | $1,713/mo | $56,714 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,525/mo | $48,236 |
Frequently Asked Questions
What are today's mortgage rates in South-Western, OH across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in South-Western, OH is 6.976% (with an estimated monthly payment of $1,748). Active program rates also include FHA 30-year fixed loans at 5.971% and VA 0%-down fixed loans at 6.093%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in South-Western, OH?
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 South-Western, OH have fluctuated between a low of 6.849% and a high of 7.086%. 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 South-Western, OH?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $277,087 in South-Western, OH, a standard 20%-down Conventional loan requires an upfront cash down payment of $55,417 but keeps your monthly payment lower at $1,748/mo (at 6.976% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,698 (3.5% down) but has an estimated payment of $1,932/mo (at 5.971% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $267,389 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 South-Western before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in South-Western is $806,501. With a typical local home value of $277,087 in , a standard 20%-down mortgage requires a loan size of $221,670. 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 South-Western, OH impact estimated mortgage payments?
The median home value in South-Western, OH is estimated at $277,087. Buying a typical home here with a standard 20% down payment ($55,417) translates to an estimated starting monthly mortgage payment of $1,748 (principal and interest). Compared to the local area median household income of $76,866 ($6,406/mo), this basic housing payment represents approximately 27.3% 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.