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 | 7.334%APR 7.381% | 0 pts$0 | $775/moP&I $775 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.154%APR 6.933% | 0 pts$0 | $751/moP&I $699 · MI $53 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.791%APR 6.862% | 0 pts$0 | $734/moP&I $734 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.330%APR 7.378% | 0 pts$0 | $775/moP&I $775 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.842% | 0 pts$0 | $798/moP&I $798 · 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 | 6.791% | 6.862% | 0 pts ($0) | $1,000/mo | $21,580 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.560% | 6.631% | 0 pts ($0) | $1,232/mo | $28,774 |
Condo 10% Down | 10% | 720 credit score | 7.551% | 7.737% | 0 pts ($0) | $891/mo | $31,553 |
Conventional 10% Down | 10% | 720 credit score | 6.979% | 7.149% | 0 pts ($0) | $842/mo | $29,366 |
Conventional 20% Down | 20% | 740 credit score | 7.334% | 7.381% | 0 pts ($0) | $775/mo | $24,436 |
Conventional 5% Down | 5% | 700 credit score | 7.226% | 7.720% | 0 pts ($0) | $911/mo | $31,994 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.625% | 7.715% | 0 pts ($0) | $997/mo | $34,529 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $834/mo | $28,242 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.834% | 7.217% | 0 pts ($0) | $894/mo | $32,283 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.330% | 7.378% | 0 pts ($0) | $969/mo | $33,275 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,162/mo | $27,713 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.154% | 6.933% | 0 pts ($0) | $843/mo | $29,737 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $853/mo | $29,876 |
FHA Streamline Refi | 0% | 640 credit score | 6.349% | 7.131% | 0 pts ($0) | $892/mo | $31,656 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.166% | 7.420% | 0 pts ($0) | $905/mo | $32,956 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $881/mo | $17,254 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.842% | 0 pts ($0) | $748/mo | $23,836 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $759/mo | $23,726 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $819/mo | $25,113 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.503% | 7.288% | 0 pts ($0) | $874/mo | $31,189 |
Second Home 10% Down | 10% | 720 credit score | 6.188% | 6.774% | 0 pts ($0) | $775/mo | $26,347 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $741/mo | $22,907 |
VA 0% Down | 0% | 700 credit score | 6.218% | 6.472% | 0 pts ($0) | $883/mo | $29,393 |
VA Cash-Out Refi | 0% | 640 credit score | 6.249% | 6.630% | 0 pts ($0) | $886/mo | $29,527 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.274% | 6.436% | 0 pts ($0) | $888/mo | $29,635 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $775/mo | $24,521 |
Frequently Asked Questions
What are today's mortgage rates in Winona-Montgomery County Consolidated, MS across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Winona-Montgomery County Consolidated, MS is 7.334% (with an estimated monthly payment of $826). Active program rates also include FHA 30-year fixed loans at 6.154% and VA 0%-down fixed loans at 6.218%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Winona-Montgomery County Consolidated, MS?
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 Winona-Montgomery County Consolidated, MS have fluctuated between a low of 7.224% and a high of 7.383%. 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 Winona-Montgomery County Consolidated, MS?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $140,857 in Winona-Montgomery County Consolidated, MS, a standard 20%-down Conventional loan requires an upfront cash down payment of $28,171 but keeps your monthly payment lower at $826/mo (at 7.334% interest) with no monthly PMI. In comparison, an FHA loan requires only $4,930 (3.5% down) but has an estimated payment of $898/mo (at 6.154% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $135,927 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 Winona-Montgomery County Consolidated before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Winona-Montgomery County Consolidated is $806,501. With a typical local home value of $140,857 in , a standard 20%-down mortgage requires a loan size of $112,686. 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 Winona-Montgomery County Consolidated, MS impact estimated mortgage payments?
The median home value in Winona-Montgomery County Consolidated, MS is estimated at $140,857. Buying a typical home here with a standard 20% down payment ($28,171) translates to an estimated starting monthly mortgage payment of $826 (principal and interest). Compared to the local area median household income of $42,416 ($3,535/mo), this basic housing payment represents approximately 23.4% 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.