Agent Login Form

South Dakota Mortgages (SD)

South Dakota is home to the Black Hills and the famous Black Hills gold.  It is also where Mount Rushmore and the infamous Wal Drug are both located.  Aside from these obvious tourist destinations, South Dakota has much to offer its residents.  Plenty of open spaces, amazing landscapes, and all of the peace and quite one could desire are all pleasant aspects of the state of South Dakota.  Many residents of South Dakota, unfortunately, are paying far too much on their mortgage payments each month.  These individuals are strapped for cash each month, which is preventing them from saving any money for long-term investments like college education or retirement.  Fortunately, however, the demand for refinancing has increased so much that it is available to millions of individuals each year.  Refinancing is the process by which a homeowner obtains a new loan for the current balance that is remaining on the existing home.  This process results in lower monthly payments, and it is one of the most affordable ways of gaining access to your home’s equity.

Request a South Dakota mortgage quote and start saving today >>

Quick South Dakota Housing Facts:

  • Percent of homeowners in South Dakota: 68.2%
  • Percent of renters in South Dakota: 22.8%
  • Median annual income in South Dakota: $39,131
  • Average credit score in South Dakota: 710
  • Best South Dakota city to live in: Sioux Falls, SD
  • Median South Dakota home value: $79,600

Request a South Dakota mortgage quote and start saving today >>

When to Refinance in South Dakota

Deciding on a refinancing package requires a lot of careful consideration.  It is important to research all of the terms and conditions of your current mortgage prior to committing to a new loan.  This is one way in which borrowers can plan ahead for any penalties or hidden charges associated with paying their loan early.  It is important to do the same research with your new loan.  Be sure that there are not any significant closing costs or fees associated with completing your refinancing transaction.  Oftentimes, these two places are a major source for unexpected expenditures that can add up to thousands of dollars.  Having to pay this much money could even defeat the entire purpose of refinancing if the charges are significant enough.  Another important factor to consider is the current rates in the real estate market.  Make sure that rates are less than 1.5% below what you are paying before you consider refinancing.

Request a South Dakota mortgage quote and start saving today >>

How much house can I afford in South Dakota

One of the biggest problems facing South Dakota’s homebuyers is figuring out how much house you can afford. We have some great mortgage calculators that can help you figure how much home will fit into your monthly budget.

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.

REQUEST A FREE MORTGAGE QUOTE TODAY