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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 Madison-Virgil Unified School District 386
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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 | 7.019%APR 7.055% | 0 pts$0 | $1,450/moP&I $1,450 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.087%APR 6.857% | 0 pts$0 | $1,441/moP&I $1,339 · MI $101 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.276%APR 6.329% | 0 pts$0 | $1,343/moP&I $1,343 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.196%APR 7.237% | 0 pts$0 | $1,476/moP&I $1,476 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.719% | 0 pts$0 | $1,539/moP&I $1,539 · 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 | 6.276% | 6.329% | 0 pts ($0) | $1,868/mo | $38,392 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.294% | 6.348% | 0 pts ($0) | $2,337/mo | $53,433 |
Condo 10% Down | 10% | 720 credit score | 7.334% | 7.506% | 0 pts ($0) | $1,683/mo | $59,295 |
Conventional 10% Down | 10% | 720 credit score | 6.836% | 6.996% | 0 pts ($0) | $1,601/mo | $55,622 |
Conventional 20% Down | 20% | 740 credit score | 7.019% | 7.055% | 0 pts ($0) | $1,450/mo | $45,095 |
Conventional 5% Down | 5% | 700 credit score | 7.189% | 7.673% | 0 pts ($0) | $1,751/mo | $61,460 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.450% | 7.489% | 0 pts ($0) | $1,892/mo | $65,204 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,609/mo | $54,508 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.861% | 7.237% | 0 pts ($0) | $1,730/mo | $62,520 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.196% | 7.237% | 0 pts ($0) | $1,845/mo | $63,121 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,243/mo | $53,486 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.087% | 6.857% | 0 pts ($0) | $1,615/mo | $56,854 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,647/mo | $57,661 |
FHA Streamline Refi | 0% | 640 credit score | 6.284% | 7.058% | 0 pts ($0) | $1,709/mo | $60,555 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.129% | 7.375% | 0 pts ($0) | $1,741/mo | $63,317 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,701/mo | $33,299 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.719% | 0 pts ($0) | $1,443/mo | $46,004 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $1,465/mo | $45,790 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,581/mo | $48,469 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.459% | 7.235% | 0 pts ($0) | $1,680/mo | $59,841 |
Second Home 10% Down | 10% | 720 credit score | 6.092% | 6.668% | 0 pts ($0) | $1,481/mo | $50,143 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,430/mo | $44,210 |
VA 0% Down | 0% | 700 credit score | 6.091% | 6.335% | 0 pts ($0) | $1,681/mo | $55,668 |
VA Cash-Out Refi | 0% | 640 credit score | 6.095% | 6.464% | 0 pts ($0) | $1,682/mo | $55,701 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.101% | 6.253% | 0 pts ($0) | $1,683/mo | $55,751 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,496/mo | $47,325 |
Frequently Asked Questions
What are today's mortgage rates in Madison-Virgil Unified School District 386, KS across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Madison-Virgil Unified School District 386, KS is 7.019% (with an estimated monthly payment of $1,535). Active program rates also include FHA 30-year fixed loans at 6.087% and VA 0%-down fixed loans at 6.091%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Madison-Virgil Unified School District 386, KS?
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 Madison-Virgil Unified School District 386, KS have fluctuated between a low of 6.897% and a high of 7.149%. 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 Madison-Virgil Unified School District 386, KS?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $271,853 in Madison-Virgil Unified School District 386, KS, a standard 20%-down Conventional loan requires an upfront cash down payment of $54,371 but keeps your monthly payment lower at $1,535/mo (at 7.019% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,515 (3.5% down) but has an estimated payment of $1,710/mo (at 6.087% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $262,338 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 Madison-Virgil Unified School District 386 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Madison-Virgil Unified School District 386 is $806,501. With a typical local home value of $271,853 in , a standard 20%-down mortgage requires a loan size of $217,482. 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 Madison-Virgil Unified School District 386, KS impact estimated mortgage payments?
The median home value in Madison-Virgil Unified School District 386, KS is estimated at $271,853. Buying a typical home here with a standard 20% down payment ($54,371) translates to an estimated starting monthly mortgage payment of $1,535 (principal and interest). Compared to the local area median household income of $81,354 ($6,780/mo), this basic housing payment represents approximately 22.6% 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.