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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.
See Safe Rate's top scoring lenders for Kimball School District 07-2
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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 | 6.918%APR 6.955% | 0 pts$0 | $2,059/moP&I $2,059 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.945%APR 6.714% | 0 pts$0 | $2,038/moP&I $1,892 · MI $146 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.029%APR 6.081% | 0 pts$0 | $1,877/moP&I $1,877 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.946%APR 6.983% | 0 pts$0 | $2,065/moP&I $2,065 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.678% | 0 pts$0 | $2,209/moP&I $2,209 · 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 | 6.029% | 6.081% | 0 pts ($0) | $2,638/mo | $52,849 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.986% | 6.038% | 0 pts ($0) | $3,288/mo | $73,181 |
Condo 10% Down | 10% | 720 credit score | 7.221% | 7.391% | 0 pts ($0) | $2,388/mo | $83,878 |
Conventional 10% Down | 10% | 720 credit score | 6.623% | 6.779% | 0 pts ($0) | $2,247/mo | $77,551 |
Conventional 20% Down | 20% | 740 credit score | 6.918% | 6.955% | 0 pts ($0) | $2,059/mo | $63,751 |
Conventional 5% Down | 5% | 700 credit score | 7.040% | 7.521% | 0 pts ($0) | $2,475/mo | $86,515 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.362% | 7.402% | 0 pts ($0) | $2,690/mo | $92,516 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,308/mo | $78,205 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.822% | 7.198% | 0 pts ($0) | $2,472/mo | $89,256 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.946% | 6.983% | 0 pts ($0) | $2,581/mo | $87,623 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,219/mo | $76,739 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.945% | 6.714% | 0 pts ($0) | $2,283/mo | $79,937 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,363/mo | $82,729 |
FHA Streamline Refi | 0% | 640 credit score | 6.063% | 6.834% | 0 pts ($0) | $2,396/mo | $84,244 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.997% | 7.242% | 0 pts ($0) | $2,464/mo | $89,370 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,440/mo | $47,777 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.678% | 0 pts ($0) | $2,071/mo | $66,005 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,102/mo | $65,698 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,268/mo | $69,541 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.304% | 7.079% | 0 pts ($0) | $2,372/mo | $84,071 |
Second Home 10% Down | 10% | 720 credit score | 5.950% | 6.523% | 0 pts ($0) | $2,093/mo | $70,445 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,052/mo | $63,431 |
VA 0% Down | 0% | 700 credit score | 6.066% | 6.311% | 0 pts ($0) | $2,406/mo | $79,570 |
VA Cash-Out Refi | 0% | 640 credit score | 6.069% | 6.439% | 0 pts ($0) | $2,406/mo | $79,606 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.075% | 6.228% | 0 pts ($0) | $2,408/mo | $79,678 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,146/mo | $67,900 |
Frequently Asked Questions
What are today's mortgage rates in Kimball School District 07-2, SD across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Kimball School District 07-2, SD is 6.918% (with an estimated monthly payment of $2,070). Active program rates also include FHA 30-year fixed loans at 5.945% and VA 0%-down fixed loans at 6.066%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Kimball School District 07-2, SD?
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 Kimball School District 07-2, SD have fluctuated between a low of 6.553% and a high of 6.997%. 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 Kimball School District 07-2, SD?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $390,043 in Kimball School District 07-2, SD, a standard 20%-down Conventional loan requires an upfront cash down payment of $78,009 but keeps your monthly payment lower at $2,070/mo (at 6.918% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,652 (3.5% down) but has an estimated payment of $2,295/mo (at 5.945% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $376,391 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 Kimball School District 07-2 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Kimball School District 07-2 is $806,501. With a typical local home value of $390,043 in , a standard 20%-down mortgage requires a loan size of $312,034. 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 Kimball School District 07-2, SD impact estimated mortgage payments?
The median home value in Kimball School District 07-2, SD is estimated at $390,043. Buying a typical home here with a standard 20% down payment ($78,009) translates to an estimated starting monthly mortgage payment of $2,070 (principal and interest). Compared to the local area median household income of $118,866 ($9,906/mo), this basic housing payment represents approximately 20.9% 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.