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 | 7.256% 7.290% APR | $960 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 6.990% Highest 7.256% Today 7.256% | |||||
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.333% 6.383% APR | $1,191 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$78/mo MI | 3.5% Down680 FICO30-yr | 6.376% 7.147% APR | $1,077 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$78/mo MI | 0% Down640 FICO30-yr | 6.376% 7.147% APR | $1,077 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$78/mo MI | 3.5% Down580 FICO30-yr | 6.385% 7.156% APR | $1,078 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.388% 6.968% APR | $1,006 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.445% 6.495% APR | $1,221 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.484% 6.860% APR | $1,106 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.487% 6.735% APR | $1,133 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.496% 6.650% APR | $1,012 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$99/mo MI | 3% Down660 FICO30-yr | 6.853% 7.225% APR | $1,118 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 | |
10% Down Conv. Conventional purchase, 10% down +$105/mo MI | 10% Down720 FICO30-yr | 6.959% 7.117% APR | $1,048 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$111/mo MI | 5% Down680 FICO30-yr | 7.222% 7.465% APR | $1,136 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.244% 7.278% APR | $942 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$111/mo MI | 5% Down700 FICO30-yr | 7.251% 7.732% APR | $1,139 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$95/mo MI | 10% Down720 FICO30-yr | 7.504% 7.676% APR | $885 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.674% APR | $995 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.797% APR | $933 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.