In South Dakota, finding the right mortgage can save you thousands of dollars. Mortgage-Info.us was created for that purpose. If you are looking for Lenders, Mortgage Rates, or Mortgage Brokers – we’ve have them. When you fill out our mortgage quote form, you’ll get offers from 2-4 different lenders that will compete to save you money.
Featured Mortgage Lenders in South Dakota
South Dakota Mortgage Quick Facts
South Dakota State Population: 754,844*
Median South Dakota Home Price: $79,600*
Total South Dakota Housing Units: 332,360*
House Ownership Rate in South Dakota: 68.2%*
Types of Mortgage Loans Available in South Dakota
• Fixed Rate Mortgage Loans
• Adjustable Rate (ARM) Mortgage Loans
• Interest only Mortgage loans
• LIBOR Mortgage Loans
• Cash out Mortgage Loans
• Home Equity Loans
• Refinance Mortgage Loans
• Second Mortgage Loans
• Home Purchase Mortgage Loans
• Reverse Mortgage Loans
• Home Equity Line of Credit Mortgage Loans (HELOC)
• Special Mortgage Loans
How Your Credit Score Affects Your Mortgage Rate
First you need to know what your current credit score is . You should compare that against the average South Dakota consumer credit score of 709, and the national average credit score of 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, but your credit score is one of the most important factors.
South Dakota Mortgage State Laws:
Satisfaction of Deed
South Dakota’s laws on satisfaction of deed are similar to others states’ laws. The borrower requests the mortgage be certified after it is paid in full, and if the mortgagee refuses to do so, he/she pays fines and damage costs.
South Dakota is primarily a judicial foreclosure state. There is a sixty-day redemption period if the property is abandoned.
Brokers are required to be licensed according to their state laws.
Quick South Dakota only factoids
Fixed rate mortgages are higher than ARMs in South Dakota right now. This is an excellent time to purchase a home in South Dakota because the interest rates are extremely low, and the average cost of housing has not surpassed the average income. The debt consolidation mortgage loan is popular in South Dakota.
White Collar Crime Supervisor
111 Washington Avenue, South, Suite 1100
Minneapolis, MN 55401-2176
Phone: (612) 376-3200
South Dakota Counties:
Aurora County, Beadle County, Bennett County, Bon Homme County, Brookings County, Brown County, Brule County, Buffalo County, Butte County, Campbell County, Charles Mix County, Clark County, Clay County, Codington County, Corson County, Custer County, Davison County, Day County, Deuel County, Dewey County, Douglas County, Edmunds County, Fall River County, Faulk County, Grant County, Gregory County, Haakon County, Hamlin County, Hand County, Hanson County, Harding County, Hughs County, Hutchinson County, Hyde County, Jackson County, Jerauld County, Jones County, Kingsbury County, Lake County, Lawrence County, Lincoln County, Lyman County, McCook County, McPherson County, Marshall County, Meade County, Mellette County, Miner County, Minnehaha County, moody County, Pennington County, Perkins County, Potter County, Roberts County, Sanborn County, Shannon County, Spink County, Stanley County, Sully County, Todd County, Tripp County, Turner County, Union County, Walworth County, Yankton County, Ziebach County
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.