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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 | 7.025%APR 7.066% | 0 pts$0 | $1,263/moP&I $1,263 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.080%APR 6.854% | 0 pts$0 | $1,253/moP&I $1,165 · MI $88 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.282%APR 6.341% | 0 pts$0 | $1,170/moP&I $1,170 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.219%APR 7.265% | 0 pts$0 | $1,288/moP&I $1,288 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.734% | 0 pts$0 | $1,340/moP&I $1,340 · 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 | 6.282% | 6.341% | 0 pts ($0) | $1,627/mo | $33,459 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.296% | 6.358% | 0 pts ($0) | $2,035/mo | $46,536 |
Condo 10% Down | 10% | 720 credit score | 7.249% | 7.424% | 0 pts ($0) | $1,453/mo | $51,080 |
Conventional 10% Down | 10% | 720 credit score | 6.834% | 6.998% | 0 pts ($0) | $1,394/mo | $48,415 |
Conventional 20% Down | 20% | 740 credit score | 7.025% | 7.066% | 0 pts ($0) | $1,263/mo | $39,297 |
Conventional 5% Down | 5% | 700 credit score | 7.211% | 7.702% | 0 pts ($0) | $1,528/mo | $53,660 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.473% | 7.517% | 0 pts ($0) | $1,651/mo | $56,935 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,401/mo | $47,458 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.850% | 7.231% | 0 pts ($0) | $1,504/mo | $54,357 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.219% | 7.265% | 0 pts ($0) | $1,610/mo | $55,121 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,953/mo | $46,568 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.080% | 6.854% | 0 pts ($0) | $1,405/mo | $49,451 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,434/mo | $50,203 |
FHA Streamline Refi | 0% | 640 credit score | 6.274% | 7.051% | 0 pts ($0) | $1,487/mo | $52,650 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.133% | 7.384% | 0 pts ($0) | $1,516/mo | $55,155 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,481/mo | $28,992 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.734% | 0 pts ($0) | $1,256/mo | $40,054 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,276/mo | $39,868 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,376/mo | $42,200 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.443% | 7.223% | 0 pts ($0) | $1,460/mo | $51,989 |
Second Home 10% Down | 10% | 720 credit score | 6.081% | 6.660% | 0 pts ($0) | $1,288/mo | $43,587 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,245/mo | $38,492 |
VA 0% Down | 0% | 700 credit score | 6.084% | 6.332% | 0 pts ($0) | $1,463/mo | $48,417 |
VA Cash-Out Refi | 0% | 640 credit score | 6.088% | 6.461% | 0 pts ($0) | $1,463/mo | $48,446 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.106% | 6.262% | 0 pts ($0) | $1,466/mo | $48,577 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,302/mo | $41,204 |
Frequently Asked Questions
What are today's mortgage rates in Union-Scioto Local, OH across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Union-Scioto Local, OH is 7.025% (with an estimated monthly payment of $1,455). Active program rates also include FHA 30-year fixed loans at 6.080% and VA 0%-down fixed loans at 6.084%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Union-Scioto Local, 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 Union-Scioto Local, OH have fluctuated between a low of 6.916% and a high of 7.173%. 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 Union-Scioto Local, OH?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $236,691 in Union-Scioto Local, OH, a standard 20%-down Conventional loan requires an upfront cash down payment of $47,338 but keeps your monthly payment lower at $1,455/mo (at 7.025% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,284 (3.5% down) but has an estimated payment of $1,619/mo (at 6.080% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $228,407 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 Union-Scioto Local before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Union-Scioto Local is $806,501. With a typical local home value of $236,691 in , a standard 20%-down mortgage requires a loan size of $189,353. 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 Union-Scioto Local, OH impact estimated mortgage payments?
The median home value in Union-Scioto Local, OH is estimated at $236,691. Buying a typical home here with a standard 20% down payment ($47,338) translates to an estimated starting monthly mortgage payment of $1,455 (principal and interest). Compared to the local area median household income of $73,611 ($6,134/mo), this basic housing payment represents approximately 23.7% 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.