Select your Scenario
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.
See Safe Rate's top scoring lenders for Warrensburg-Latham Community Unit District 11
We rank active Warrensburg-Latham Community Unit District 11 lenders across our 4 P's of mortgage shopping. No pay to play — independent rankings.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.994%APR 7.003% | 0 pts$0 | $1,317/moP&I $1,317 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.059%APR 6.804% | 0 pts$0 | $1,309/moP&I $1,216 · MI $92 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.249%APR 6.263% | 0 pts$0 | $1,220/moP&I $1,220 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.000%APR 7.009% | 0 pts$0 | $1,318/moP&I $1,318 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.736% | 0 pts$0 | $1,402/moP&I $1,402 · 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 | 6.249% | 6.263% | 0 pts ($0) | $1,699/mo | $34,821 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.083% | 6.097% | 0 pts ($0) | $2,101/mo | $47,164 |
Condo 10% Down | 10% | 720 credit score | 7.423% | 7.567% | 0 pts ($0) | $1,547/mo | $54,619 |
Conventional 10% Down | 10% | 720 credit score | 6.608% | 6.738% | 0 pts ($0) | $1,425/mo | $49,143 |
Conventional 20% Down | 20% | 740 credit score | 6.994% | 7.003% | 0 pts ($0) | $1,317/mo | $40,934 |
Conventional 5% Down | 5% | 700 credit score | 6.061% | 6.755% | 0 pts ($0) | $1,420/mo | $48,001 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.579% | 7.588% | 0 pts ($0) | $1,745/mo | $60,368 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,466/mo | $49,658 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.837% | 7.186% | 0 pts ($0) | $1,572/mo | $56,784 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.000% | 7.009% | 0 pts ($0) | $1,648/mo | $56,042 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,044/mo | $48,728 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.059% | 6.804% | 0 pts ($0) | $1,467/mo | $51,591 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,501/mo | $52,531 |
FHA Streamline Refi | 0% | 640 credit score | 6.059% | 6.804% | 0 pts ($0) | $1,520/mo | $53,463 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.105% | 7.322% | 0 pts ($0) | $1,582/mo | $57,514 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,549/mo | $30,337 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.736% | 0 pts ($0) | $1,315/mo | $41,911 |
Jumbo Conforming | 20% | 760 credit score | 7.000% | 7.024% | 0 pts ($0) | $1,318/mo | $40,970 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,440/mo | $44,157 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.069% | 6.814% | 0 pts ($0) | $1,469/mo | $51,664 |
Second Home 10% Down | 10% | 720 credit score | 6.059% | 6.609% | 0 pts ($0) | $1,345/mo | $45,461 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,303/mo | $40,277 |
VA 0% Down | 0% | 700 credit score | 6.118% | 6.339% | 0 pts ($0) | $1,536/mo | $50,921 |
VA Cash-Out Refi | 0% | 640 credit score | 6.122% | 6.467% | 0 pts ($0) | $1,537/mo | $50,951 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.121% | 6.250% | 0 pts ($0) | $1,537/mo | $50,943 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,363/mo | $43,115 |
Frequently Asked Questions
What are today's mortgage rates in Warrensburg-Latham Community Unit District 11, IL across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Warrensburg-Latham Community Unit District 11, IL is 6.994% (with an estimated monthly payment of $1,596). Active program rates also include FHA 30-year fixed loans at 6.059% and VA 0%-down fixed loans at 6.118%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Warrensburg-Latham Community Unit District 11, IL?
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 Warrensburg-Latham Community Unit District 11, IL have fluctuated between a low of 6.883% and a high of 7.132%. 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 Warrensburg-Latham Community Unit District 11, IL?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $247,668 in Warrensburg-Latham Community Unit District 11, IL, a standard 20%-down Conventional loan requires an upfront cash down payment of $49,534 but keeps your monthly payment lower at $1,596/mo (at 6.994% interest) with no monthly PMI. In comparison, an FHA loan requires only $8,668 (3.5% down) but has an estimated payment of $1,777/mo (at 6.059% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $239,000 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Warrensburg-Latham Community Unit District 11 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Warrensburg-Latham Community Unit District 11 is $806,501. With a typical local home value of $247,668 in , a standard 20%-down mortgage requires a loan size of $198,134. 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 Warrensburg-Latham Community Unit District 11, IL impact estimated mortgage payments?
The median home value in Warrensburg-Latham Community Unit District 11, IL is estimated at $247,668. Buying a typical home here with a standard 20% down payment ($49,534) translates to an estimated starting monthly mortgage payment of $1,596 (principal and interest). Compared to the local area median household income of $77,954 ($6,496/mo), this basic housing payment represents approximately 24.6% 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.