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Compare the top low-down-payment programs side by side
Most states offer first-time homebuyer assistance programs that can be stacked with FHA or HomeReady loans — covering down payment or closing cost assistance. Ask your Safe Rate loan officer about programs available in Indiana for additional savings.
| Product | Rate / APR ↑ | Mo. Payment ↕ | Points | ||
|---|---|---|---|---|---|
FHA 3.5% Down FHA purchase, 3.5% down +$109/mo MI | 3.5% Down680 FICO30-yr | 6.326% 7.096% APR | $1,497 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$109/mo MI | 3.5% Down580 FICO30-yr | 6.358% 7.129% APR | $1,502 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$139/mo MI | 3% Down660 FICO30-yr | 6.932% 7.306% APR | $1,574 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$147/mo MI | 10% Down720 FICO30-yr | 6.948% 7.106% APR | $1,463 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$156/mo MI | 5% Down700 FICO30-yr | 7.318% 7.803% APR | $1,603 Principal & Interest | $0 Points |
Rates updated daily via Safe Rate's pricing engine using live investor rate sheets, calibrated to St. Joseph County's local loan limits and FHFA market data. Your actual rate depends on credit score, down payment, and lender.
Get a custom quote for St. Joseph County, take our product quiz to find the right loan, or save this rate to your dashboard.
Rates are representative estimates using base pricing sourced from national wholesale lenders. Safe Rate Mortgage is a broker driven platform. Estimated rates incorporate 1.40% lender paid compensation (minimum $2,000, maximum $4,000). At initial launch, no compensation occurs. Demographic and housing data sourced from public HUD and FHFA datasets.