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 | 6.988% 7.016% APR | $2,169 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 6.556% Highest 6.988% Today 6.988% | |||||
FHA 3.5% Down FHA purchase, 3.5% down +$180/mo MI | 3.5% Down680 FICO30-yr | 6.096% 6.859% APR | $2,426 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$180/mo MI | 0% Down640 FICO30-yr | 6.096% 6.859% APR | $2,426 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$258/mo MI | 5% Down700 FICO30-yr | 6.097% 6.808% APR | $2,389 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.102% 6.670% APR | $2,264 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$180/mo MI | 3.5% Down580 FICO30-yr | 6.106% 6.869% APR | $2,429 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.125% 6.165% APR | $2,703 Principal & Interest | $0 Points | |
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.176% 6.216% APR | $2,785 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.414% 6.657% APR | $2,610 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.421% 6.791% APR | $2,550 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.426% 6.575% APR | $2,331 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$245/mo MI | 10% Down720 FICO30-yr | 6.817% 6.968% APR | $2,398 Principal & Interest | $0 Points | |
Jumbo Jumbo loan above conforming limits | 20% Down760 FICO30-yr | 6.875% 6.988% APR | $5,536 Principal & Interest | $0 Points | |
HomeReady Fannie Mae HomeReady, low-income buyers +$231/mo MI | 3% Down660 FICO30-yr | 6.889% 7.258% APR | $2,603 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.027% 7.055% APR | $2,120 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$258/mo MI | 5% Down680 FICO30-yr | 7.139% 7.377% APR | $2,615 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$220/mo MI | 10% Down720 FICO30-yr | 7.278% 7.439% APR | $2,009 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.405% 7.434% APR | $2,261 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.694% APR | $2,165 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 Will 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.