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 | 7.197%APR 7.241% | 0 pts$0 | $837/moP&I $837 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.120%APR 6.896% | 0 pts$0 | $820/moP&I $762 · MI $58 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.404%APR 6.468% | 0 pts$0 | $772/moP&I $772 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.276%APR 7.351% | 0 pts$0 | $844/moP&I $844 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.783% | 0 pts$0 | $873/moP&I $873 · 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 | 6.404% | 6.468% | 0 pts ($0) | $1,068/mo | $22,231 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.356% | 6.433% | 0 pts ($0) | $1,331/mo | $30,580 |
Condo 10% Down | 10% | 720 credit score | 7.456% | 7.638% | 0 pts ($0) | $966/mo | $34,138 |
Conventional 10% Down | 10% | 720 credit score | 6.918% | 7.085% | 0 pts ($0) | $916/mo | $31,887 |
Conventional 20% Down | 20% | 740 credit score | 7.197% | 7.241% | 0 pts ($0) | $837/mo | $26,236 |
Conventional 5% Down | 5% | 700 credit score | 7.185% | 7.674% | 0 pts ($0) | $993/mo | $34,837 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.586% | 7.632% | 0 pts ($0) | $1,087/mo | $37,611 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $912/mo | $30,912 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.817% | 7.197% | 0 pts ($0) | $977/mo | $35,258 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.276% | 7.351% | 0 pts ($0) | $1,054/mo | $36,169 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,272/mo | $30,333 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.120% | 6.896% | 0 pts ($0) | $919/mo | $32,393 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $934/mo | $32,700 |
FHA Streamline Refi | 0% | 640 credit score | 6.323% | 7.103% | 0 pts ($0) | $973/mo | $34,525 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.125% | 7.377% | 0 pts ($0) | $987/mo | $35,890 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $965/mo | $18,885 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.783% | 0 pts ($0) | $818/mo | $26,090 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $831/mo | $25,968 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $896/mo | $27,487 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.488% | 7.271% | 0 pts ($0) | $956/mo | $34,069 |
Second Home 10% Down | 10% | 720 credit score | 6.137% | 6.720% | 0 pts ($0) | $844/mo | $28,625 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $811/mo | $25,072 |
VA 0% Down | 0% | 700 credit score | 6.161% | 6.412% | 0 pts ($0) | $961/mo | $31,901 |
VA Cash-Out Refi | 0% | 640 credit score | 6.175% | 6.552% | 0 pts ($0) | $962/mo | $31,968 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.205% | 6.364% | 0 pts ($0) | $965/mo | $32,110 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $848/mo | $26,839 |
Frequently Asked Questions
What are today's mortgage rates in Wilkes-Barre, PA across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Wilkes-Barre, PA is 7.197% (with an estimated monthly payment of $932). Active program rates also include FHA 30-year fixed loans at 6.120% and VA 0%-down fixed loans at 6.161%. 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, 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, PA have fluctuated between a low of 7.002% and a high of 7.270%. 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, PA?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $154,172 in Wilkes-Barre, PA, a standard 20%-down Conventional loan requires an upfront cash down payment of $30,834 but keeps your monthly payment lower at $932/mo (at 7.197% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,396 (3.5% down) but has an estimated payment of $1,023/mo (at 6.120% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $148,776 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 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Wilkes-Barre is $806,501. With a typical local home value of $154,172 in , a standard 20%-down mortgage requires a loan size of $123,338. 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, PA impact estimated mortgage payments?
The median home value in Wilkes-Barre, PA is estimated at $154,172. Buying a typical home here with a standard 20% down payment ($30,834) translates to an estimated starting monthly mortgage payment of $932 (principal and interest). Compared to the local area median household income of $51,082 ($4,257/mo), this basic housing payment represents approximately 21.9% 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.