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 | 7.134% 7.164% APR | $1,158 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 6.892% Highest 7.134% Today 7.134% | |||||
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.297% 6.341% APR | $1,477 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.305% 6.361% APR | $1,520 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.354% 6.930% APR | $1,224 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$95/mo MI | 3.5% Down680 FICO30-yr | 6.369% 7.138% APR | $1,314 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$95/mo MI | 0% Down640 FICO30-yr | 6.369% 7.138% APR | $1,314 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$95/mo MI | 3.5% Down580 FICO30-yr | 6.378% 7.147% APR | $1,315 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.451% 6.696% APR | $1,379 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.455% 6.828% APR | $1,347 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.473% 6.624% APR | $1,233 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 +$129/mo MI | 10% Down720 FICO30-yr | 6.893% 7.047% APR | $1,271 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$121/mo MI | 3% Down660 FICO30-yr | 6.947% 7.319% APR | $1,378 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.250% 7.305% APR | $1,205 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$136/mo MI | 5% Down680 FICO30-yr | 7.322% 7.565% APR | $1,401 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$136/mo MI | 5% Down700 FICO30-yr | 7.351% 7.833% APR | $1,405 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$116/mo MI | 10% Down720 FICO30-yr | 7.385% 7.551% APR | $1,069 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.495% 7.527% APR | $1,200 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.742% APR | $1,140 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.