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.
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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 | 7.114%APR 7.156% | 0 pts$0 | $940/moP&I $940 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.122%APR 6.897% | 0 pts$0 | $929/moP&I $863 · MI $65 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.346%APR 6.407% | 0 pts$0 | $869/moP&I $869 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.249%APR 7.308% | 0 pts$0 | $953/moP&I $953 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.757% | 0 pts$0 | $989/moP&I $989 · 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 | 6.346% | 6.407% | 0 pts ($0) | $1,205/mo | $24,946 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.327% | 6.396% | 0 pts ($0) | $1,505/mo | $34,491 |
Condo 10% Down | 10% | 720 credit score | 7.408% | 7.587% | 0 pts ($0) | $1,089/mo | $38,441 |
Conventional 10% Down | 10% | 720 credit score | 6.873% | 7.038% | 0 pts ($0) | $1,032/mo | $35,905 |
Conventional 20% Down | 20% | 740 credit score | 7.114% | 7.156% | 0 pts ($0) | $940/mo | $29,368 |
Conventional 5% Down | 5% | 700 credit score | 7.173% | 7.661% | 0 pts ($0) | $1,123/mo | $39,400 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.518% | 7.562% | 0 pts ($0) | $1,223/mo | $42,244 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,033/mo | $35,014 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.813% | 7.192% | 0 pts ($0) | $1,106/mo | $39,916 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.249% | 7.308% | 0 pts ($0) | $1,191/mo | $40,827 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,441/mo | $34,358 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.122% | 6.897% | 0 pts ($0) | $1,042/mo | $36,702 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,058/mo | $37,040 |
FHA Streamline Refi | 0% | 640 credit score | 6.325% | 7.104% | 0 pts ($0) | $1,103/mo | $39,118 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.121% | 7.372% | 0 pts ($0) | $1,117/mo | $40,633 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,093/mo | $21,391 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.757% | 0 pts ($0) | $927/mo | $29,552 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $941/mo | $29,415 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,015/mo | $31,135 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.490% | 7.271% | 0 pts ($0) | $1,083/mo | $38,600 |
Second Home 10% Down | 10% | 720 credit score | 6.115% | 6.696% | 0 pts ($0) | $954/mo | $32,319 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $919/mo | $28,400 |
VA 0% Down | 0% | 700 credit score | 6.149% | 6.398% | 0 pts ($0) | $1,087/mo | $36,071 |
VA Cash-Out Refi | 0% | 640 credit score | 6.162% | 6.537% | 0 pts ($0) | $1,088/mo | $36,140 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.166% | 6.324% | 0 pts ($0) | $1,089/mo | $36,162 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $961/mo | $30,401 |
Frequently Asked Questions
What are today's mortgage rates in Wilkes-Barre Area, PA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Wilkes-Barre Area, PA is 7.114% (with an estimated monthly payment of $1,012). Active program rates also include FHA 30-year fixed loans at 6.122% and VA 0%-down fixed loans at 6.149%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Wilkes-Barre Area, PA?
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 Wilkes-Barre Area, PA have fluctuated between a low of 6.956% and a high of 7.213%. 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 Wilkes-Barre Area, PA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $174,632 in Wilkes-Barre Area, PA, a standard 20%-down Conventional loan requires an upfront cash down payment of $34,926 but keeps your monthly payment lower at $1,012/mo (at 7.114% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,112 (3.5% down) but has an estimated payment of $1,121/mo (at 6.122% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $168,520 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 Wilkes-Barre Area before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Wilkes-Barre Area is $806,501. With a typical local home value of $174,632 in , a standard 20%-down mortgage requires a loan size of $139,706. 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 Wilkes-Barre Area, PA impact estimated mortgage payments?
The median home value in Wilkes-Barre Area, PA is estimated at $174,632. Buying a typical home here with a standard 20% down payment ($34,926) translates to an estimated starting monthly mortgage payment of $1,012 (principal and interest). Compared to the local area median household income of $59,089 ($4,924/mo), this basic housing payment represents approximately 20.6% 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.