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 | 7.281% 7.319% APR | $923 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 7.021% Highest 7.281% Today 7.281% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$75/mo MI | 3.5% Down680 FICO30-yr | 6.383% 7.159% APR | $1,033 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$75/mo MI | 0% Down640 FICO30-yr | 6.383% 7.159% APR | $1,033 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$75/mo MI | 3.5% Down580 FICO30-yr | 6.392% 7.168% APR | $1,034 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.396% 6.981% APR | $965 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.449% 6.509% APR | $1,179 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.485% 6.737% APR | $1,086 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.491% 6.872% APR | $1,061 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.498% 6.555% APR | $1,174 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.500% 6.658% APR | $971 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$95/mo MI | 3% Down660 FICO30-yr | 6.859% 7.235% APR | $1,072 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.988% APR | $5,536 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$101/mo MI | 10% Down720 FICO30-yr | 6.979% 7.141% APR | $1,007 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$107/mo MI | 5% Down680 FICO30-yr | 7.230% 7.478% APR | $1,090 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$107/mo MI | 5% Down700 FICO30-yr | 7.258% 7.744% APR | $1,093 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.351% 7.398% APR | $936 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$91/mo MI | 10% Down720 FICO30-yr | 7.537% 7.714% APR | $852 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.690% APR | $954 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.814% APR | $895 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.