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 | 7.416% 7.454% APR | $793 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 7.266% Highest 7.416% Today 7.416% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$63/mo MI | 3.5% Down680 FICO30-yr | 6.419% 7.194% APR | $880 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$63/mo MI | 0% Down640 FICO30-yr | 6.419% 7.194% APR | $880 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$63/mo MI | 3.5% Down580 FICO30-yr | 6.429% 7.204% APR | $881 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.434% 7.018% APR | $822 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.504% 6.755% APR | $924 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.511% 6.891% APR | $902 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.524% 6.682% APR | $826 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.606% 6.676% APR | $1,038 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.767% 6.824% APR | $1,014 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 | |
HomeReady Fannie Mae HomeReady, low-income buyers +$81/mo MI | 3% Down660 FICO30-yr | 6.893% 7.268% APR | $913 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$86/mo MI | 10% Down720 FICO30-yr | 7.133% 7.297% APR | $868 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$91/mo MI | 5% Down680 FICO30-yr | 7.265% 7.512% APR | $928 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$91/mo MI | 5% Down700 FICO30-yr | 7.294% 7.781% APR | $931 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.410% 7.477% APR | $821 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.625% 7.752% APR | $810 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$77/mo MI | 10% Down720 FICO30-yr | 7.625% 7.829% APR | $729 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.875% APR | $759 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.
Get a custom quote for Wayne County, take our product quiz to find the right loan, or save this rate to your dashboard.
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.