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 | 7.074% 7.103% APR | $1,307 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 6.843% Highest 7.074% Today 7.074% | |||||
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.257% 6.299% APR | $1,673 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.260% 6.308% APR | $1,700 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$108/mo MI | 3.5% Down680 FICO30-yr | 6.329% 7.096% APR | $1,486 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$108/mo MI | 0% Down640 FICO30-yr | 6.329% 7.096% APR | $1,486 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.343% 6.918% APR | $1,388 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$108/mo MI | 3.5% Down580 FICO30-yr | 6.362% 7.129% APR | $1,491 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.437% 6.680% APR | $1,564 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.441% 6.812% APR | $1,527 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.448% 6.598% APR | $1,396 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.985% APR | $5,536 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$138/mo MI | 3% Down660 FICO30-yr | 6.932% 7.302% APR | $1,562 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$146/mo MI | 10% Down720 FICO30-yr | 6.950% 7.104% APR | $1,452 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.205% 7.250% APR | $1,346 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$154/mo MI | 5% Down680 FICO30-yr | 7.292% 7.533% APR | $1,586 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$154/mo MI | 5% Down700 FICO30-yr | 7.321% 7.801% APR | $1,591 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$132/mo MI | 10% Down720 FICO30-yr | 7.348% 7.512% APR | $1,209 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.458% 7.488% APR | $1,358 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.723% APR | $1,294 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.