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 | 7.092% 7.125% APR | $1,282 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 6.852% Highest 7.092% Today 7.092% | |||||
15-Year Purchase 15-year fixed purchase | 20% Down740 FICO15-yr | 6.266% 6.314% APR | $1,639 Principal & Interest | $0 Points | |
15-Year Refi 15-year fixed refinance | 0% Down740 FICO15-yr | 6.269% 6.322% APR | $1,658 Principal & Interest | $0 Points | |
FHA 3.5% Down FHA purchase, 3.5% down +$106/mo MI | 3.5% Down680 FICO30-yr | 6.338% 7.109% APR | $1,457 Principal & Interest | $0 Points | |
FHA Streamline FHA streamline refinance +$106/mo MI | 0% Down640 FICO30-yr | 6.338% 7.109% APR | $1,457 Principal & Interest | $0 Points | |
Second Home Vacation or second home purchase | 10% Down720 FICO30-yr | 6.352% 6.931% APR | $1,361 Principal & Interest | $0 Points | |
Lower Credit FHA FHA for buyers with lower credit scores +$106/mo MI | 3.5% Down580 FICO30-yr | 6.371% 7.142% APR | $1,462 Principal & Interest | $0 Points | |
VA 0% Down VA purchase, no down payment | 0% Down700 FICO30-yr | 6.440% 6.687% APR | $1,532 Principal & Interest | $0 Points | |
VA Cash-Out VA cash-out refinance | 0% Down640 FICO30-yr | 6.444% 6.819% APR | $1,496 Principal & Interest | $0 Points | |
VA IRRRL VA streamline refinance | 0% Down640 FICO30-yr | 6.450% 6.603% APR | $1,368 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 +$135/mo MI | 3% Down660 FICO30-yr | 6.935% 7.310% APR | $1,531 Principal & Interest | $0 Points | |
10% Down Conv. Conventional purchase, 10% down +$143/mo MI | 10% Down720 FICO30-yr | 6.957% 7.115% APR | $1,423 Principal & Interest | $0 Points | |
Rate/Term Refi Conventional rate/term refinance | 0% Down740 FICO30-yr | 7.216% 7.261% APR | $1,313 Principal & Interest | $0 Points | |
House Hacking Multi-unit owner-occupied purchase +$151/mo MI | 5% Down680 FICO30-yr | 7.299% 7.545% APR | $1,555 Principal & Interest | $0 Points | |
5% Down Conv. Conventional, avg credit, 5% down +$151/mo MI | 5% Down700 FICO30-yr | 7.328% 7.813% APR | $1,559 Principal & Interest | $0 Points | |
Condo 10% Down Condo purchase, 10% down +$129/mo MI | 10% Down720 FICO30-yr | 7.339% 7.507% APR | $1,183 Principal & Interest | $0 Points | |
Cash-Out Refi Conventional cash-out refinance | 0% Down740 FICO30-yr | 7.466% 7.501% APR | $1,331 Principal & Interest | $0 Points | |
Investment Property Non-owner occupied rental | 25% Down740 FICO30-yr | 7.625% 7.731% APR | $1,267 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.
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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.