If you’re searching for some of the lowest South Dakota mortgage rates, you’ve come to the right place! ForTheBestRate.com provides an outlet for consumers to research and compare mortgage rates and closing costs in the Great American West. South Dakota, where jagged edges meet blue skies, is loaded with American heritage. With a rich history of explorers and pioneers like Lewis & Clark and towns of the Old Wild West made famous by people like Wild Bill, if ever there is a place where the buffalo roam and the deer and the antelope play, South Dakota is it.
When you are ready to purchase a primary residence, investment property or refinance in this fine State, start your search for South Dakota mortgage rates and home loan programs with ForTheBestRate.com.
Using the rate table
The majority of the mortgage companies represented in the rate survey on this page offer a variety of fixed rate (10, 15, 20, and 30 year terms) and adjustable rate financing solutions (3/1, 5/1, and 7/1 ARMs) for 1-4 unit residential properties (i.e. single family homes, duplexes, triplexes, and quadraplexes). These mortgage companies typically allow properties to be used as primary residences, second homes (aka vacation homes), or investment properties (rental homes). Rates often vary by occupancy type so you’ll need to speak with the various lenders and brokers to make sure that you qualify for what they have posted. Rates may also vary of other reasons including the type of property being financed. For exmaple, interest rates for condos may have pricing adjustments when compared to stand-alone, stick built homes. Be sure to speak with the various home loan providers directly to make sure that you have an accurate idea of pricing for your unique scenario.
Other Outlets to Research South Dakota Mortgage Companies and Buyer Assistance Programs
South Dakota Housing Development Authority – website
3060 E. Elizabeth St. Pierre, SD 57501 PH: 605-773-3181
South Dakota Mortgage Bankers Association – website
PO Box 1081 109 West Missouri Ave Pierre, SD 57501 PH: 800-726-7322
Credit Union Association of the Dakotas – website
2005 North Kavaney Dr Bismarck, ND 58507 PH: 701-258-5760
Put on Your Learning Cap
- What is the difference between a lender and a broker? – Explore some of the pros and cons of working with each type of entity.
- Looking to finance a lot or a piece of land? – Most of the mortgage companies in the rate table do not finance lots and raw land. You can find information on lenders who are interested in this business here.
- What types of closing costs are associated with a mortgage? – After speaking with some of the mortgage companies in the rate table, you’ll likely start receiving Good Faith Estimates which breakdown various fees and costs associated with the home loan process. This post dives into what to expect.