Making South Dakota Your Home - The Best South Dakota Mortgage Rates, Resources & Information
Are you considering buying or refinancing a home in South Dakota? Or tapping into your home equity to consolidate high interest debt? If so you've found the right place.
Our information will help you learn about all types of South Dakota home loans and our helpful list of specific SD Mortgage Resources & services is specifically tailored for our state.
Having a good working knowledge of how mortgage loans work wherever you live in South Dakota will help you select a home you can afford...and keep it for years to come.
Whether you're looking for a Sioux Falls new home loan or a Rapid City mortgage refinance, it pays to do your homework in order to get the mortgage that's right for you.
Getting the Best South Dakota Mortgage Rates
Compare competing quotes from our lender database of reputable South Dakota mortgage lenders by filling the form to the right.
For most of us, buying a home is the largest investment we'll make in our lives, so take the time to speak to different lenders and see what offers are available to you.
Getting several competing quotes and getting the best offer can save you thousands over the course of your loan.
While you read, use our calculators to work up some numbers on a South Dakota home loan. The closing cost calculator can help you decide if it's worth it to refinance. The pre-qualify calculator can help you see how ready you are to buy. And the mortgage calculator gives you a monthly payment amount for your South Dakota mortgage.
South Dakota Mortgage Good News: Homes Are Affordable
The average price for a home in Sioux Falls, South Dakota in February 2009 was $142,400. If you put three percent down on a $150,000 home with a Sioux Falls FHA home loan at five percent over 30 years, your monthly payment would be $781, as indicated by our mortgage payment calculator.
To residents of a high cost state like California, those figures may seem incredible. But those numbers are well within your reach if you're looking for a South Dakota mortgage.
Affordability is often to the advantage of the South Dakota mortgage seeker. Smaller loans are less risk for the bank.
Also, South Dakota real estate prices have not experienced the boom and bust cycle like other parts of the country. In fact, South Dakota prices have held remarkably steady.
More South Dakota Mortgage Good News: Assistance Is Available
The South Dakota Housing Counseling Agency provides one-on-one advice tailored to your needs. There are programs for disabled people and for Native Americans.
South Dakota has a great first time homebuyer program that offers up to $8,000 in assistance and mortgage rates under 5 percent even with low or no down payment.
South Dakota Mortgage Recommendation: Work With the Right People
Fill out the form to your right and find a local real estate professional who can help you get you today's lowest interest rate on a South Dakota mortgage.
