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.
See Safe Rate's top scoring lenders for Valley-Edinburg Public School District 118
We rank active Valley-Edinburg Public School District 118 lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
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 | 6.998%APR 7.034% | 0 pts$0 | $774/moP&I $774 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.082%APR 6.852% | 0 pts$0 | $771/moP&I $717 · MI $54 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.261%APR 6.313% | 0 pts$0 | $718/moP&I $718 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.013%APR 7.049% | 0 pts$0 | $776/moP&I $776 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.712% | 0 pts$0 | $824/moP&I $824 · 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 | 6.261% | 6.313% | 0 pts ($0) | $999/mo | $20,503 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.122% | 6.173% | 0 pts ($0) | $1,238/mo | $27,879 |
Condo 10% Down | 10% | 720 credit score | 7.319% | 7.490% | 0 pts ($0) | $900/mo | $31,685 |
Conventional 10% Down | 10% | 720 credit score | 6.825% | 6.984% | 0 pts ($0) | $856/mo | $29,734 |
Conventional 20% Down | 20% | 740 credit score | 6.998% | 7.034% | 0 pts ($0) | $774/mo | $24,068 |
Conventional 5% Down | 5% | 700 credit score | 7.165% | 7.648% | 0 pts ($0) | $935/mo | $32,803 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.436% | 7.474% | 0 pts ($0) | $1,011/mo | $34,846 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $861/mo | $29,181 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.857% | 7.233% | 0 pts ($0) | $926/mo | $33,453 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.013% | 7.049% | 0 pts ($0) | $970/mo | $32,989 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,201/mo | $28,634 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.082% | 6.852% | 0 pts ($0) | $864/mo | $30,415 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $882/mo | $30,869 |
FHA Streamline Refi | 0% | 640 credit score | 6.279% | 7.052% | 0 pts ($0) | $915/mo | $32,396 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.115% | 7.360% | 0 pts ($0) | $931/mo | $33,839 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $911/mo | $17,827 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.712% | 0 pts ($0) | $773/mo | $24,628 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $784/mo | $24,514 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $846/mo | $25,948 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.455% | 7.231% | 0 pts ($0) | $899/mo | $32,019 |
Second Home 10% Down | 10% | 720 credit score | 6.088% | 6.663% | 0 pts ($0) | $793/mo | $26,828 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $766/mo | $23,668 |
VA 0% Down | 0% | 700 credit score | 6.086% | 6.330% | 0 pts ($0) | $900/mo | $29,779 |
VA Cash-Out Refi | 0% | 640 credit score | 6.090% | 6.459% | 0 pts ($0) | $900/mo | $29,797 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.096% | 6.248% | 0 pts ($0) | $901/mo | $29,824 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $801/mo | $25,336 |
Frequently Asked Questions
What are today's mortgage rates in Valley-Edinburg Public School District 118, ND across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Valley-Edinburg Public School District 118, ND is 6.998% (with an estimated monthly payment of $1,596). Active program rates also include FHA 30-year fixed loans at 6.082% and VA 0%-down fixed loans at 6.086%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Valley-Edinburg Public School District 118, ND?
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 Valley-Edinburg Public School District 118, ND have fluctuated between a low of 6.883% and a high of 7.132%. 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 Valley-Edinburg Public School District 118, ND?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $145,537 in Valley-Edinburg Public School District 118, ND, a standard 20%-down Conventional loan requires an upfront cash down payment of $29,107 but keeps your monthly payment lower at $1,596/mo (at 6.998% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,094 (3.5% down) but has an estimated payment of $1,782/mo (at 6.082% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $140,443 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 Valley-Edinburg Public School District 118 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Valley-Edinburg Public School District 118 is $806,501. With a typical local home value of $145,537 in , a standard 20%-down mortgage requires a loan size of $116,430. 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 Valley-Edinburg Public School District 118, ND impact estimated mortgage payments?
The median home value in Valley-Edinburg Public School District 118, ND is estimated at $145,537. Buying a typical home here with a standard 20% down payment ($29,107) translates to an estimated starting monthly mortgage payment of $1,596 (principal and interest). Compared to the local area median household income of $73,650 ($6,138/mo), this basic housing payment represents approximately 26.0% 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.