Continuing our look at home mortgage rates around the nation, next up on Peak Personal Finance is South Dakota.

South Dakota has one of the lowest unemployment rates and is relatively safe from the recession as compared to more severely hit neighbors. People living in this state are on the lookout for the best home loans in South Dakota. Fortunately, there are many options available for these people. Some of the best home mortgage rates are offered by the state-wide and national financial institutions.

People interested in best home mortgage rates in South Dakota should consider the following information. The data has been collected by using a basic loan amount of $165,000 and 20% for the down payment. AimLoan.com represents the best mortgage interest rates in the state with its APR of 4.730% and mortgage rate of 4.625%. Fees in APR are $1,995 and estimated monthly payments are $884.

Flagstar Direct also offers one of the best mortgage rates in South Dakota. It offers APR of 4.974% and mortgage rate of 4.733%. Fees in APR are $1,200 and estimated monthly payments are $859.

Amerisave Mortgage Corp. offers APR of 5.001% and mortgage rate of 4.875%. There are no APR fees and estimated monthly payment is 873. Bank of America is offering APR of 5.072% and mortgage rate of 4.875%. It charges $1,400 in APR fees with an estimated monthly payments are $873. Quicken Loans is offering an APR of 5.016% and mortgage rate of 4.875%. It charges APR fee of $1,600 and monthly payment of $873. other banks and financial institutions are also offering competitive rates and customers need to undertake a detailed survey before deciding on any particular company.