Mortgage Lenders Sioux Falls

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Best Mortgage Lenders Sioux Falls

At Mortgage Lenders Sioux Falls we put you as our top priority. We have many mortgage companies in Sioux Falls that we work through. We work through these companies not only to get you the best Sioux Falls mortgage rates but also loan programs.

We provide loans for those that have served our country in the military. We also provide loans for those that are building new homes, for those that have never bought a home, and many more.

best sioux falls mortgage brokers

About Mortgage Lenders Sioux Falls

As your mortgage lenders in Sioux Falls SD, we make decisions with you fast.

We are always sure to close your loans on time. This saves you a lot of stress and anxiety.

Clients that work with other mortgage companies in Sioux Falls experience stress. We take it away. We keep you updated and make the best use of your time.

We are the best mortgage lenders in Sioux Falls. This is because we have technology that keeps you updated on your loan each step of the way. You do not have to wait to hear from us, you can check everything online.

As your mortgage professionals and as a licensed mortgage broker we answer your questions as they come up. We are one of the home loan companies that have other connections. This is so that we can help you to save in other ways as well on top of your mortgage.

There are many guidelines when trying to get a house. Once you find a mortgage broker, we will give you a lot of information. The best mortgage lender is the mortgage lenders Sioux Falls SD that knows all the laws and regulations in detail. That is us here at Mortgage Lenders Sioux Falls.

Why Choose Us?

There are many reasons why our clients choose to work with us among all mortgage companies in Sioux Falls. Here are only a few of the reasons clients work with us as their mortgage broker Sioux Falls:

  1. We work with the best construction loan lenders getting you great current mortgage rates
  2. We have programs for the first time home buyer
  3. We know the best mortgage refinance companies
  4. We work with home loan lenders to get you a loan you need at a great rate
  5. We have FHA lenders we work with for first-time buyers
  6. We have a strong reputation as Sioux Falls mortgage lenders. We also have strong customer service skills. We are at the top of the Sioux Falls mortgage companies because of the success we have with every client.

We take our clients through the pros and cons of getting 15 year mortgage rates rather than a longer-term. Some home loan brokers may prefer that and we know what mortgage companies those are.

Have you heard of the horror stories and hassle some clients have had with some other mortgage brokers Sioux Falls? We make sure to not be those horror stories and do everything we can to take care of our clients in every way we can.

Purchase A Home

First-Time Home Buyers

When you buy a home as a first-time buyer it is likely that you will use a USDA loan or an FHA loan Sioux Falls. These loans are programs that have zero down payment and are really accommodating for those that have low to no credit history. The best home loan lenders will give you every option available so you can make a great choice about what loan program to go with.

Experienced Homeowners

When you buy a home and have already bought one in the past, you kind of know what to expect. You know what your mortgage broker Sioux Falls will need as far as information goes. You now will have an advantage of housing history and credit history that may have not had the first time you bought a home.

The Process

The process of buying a home has many steps. Some of these steps are looking for “mortgage companies near me” and finding that mortgage broker you want to work with. You then will give them your financial information, debt information, and more. You will have your home appraised if needed under the circumstances of your loan.

Refinance Your Home

Change Your Rate To Reduce Monthly Payment

Our goal with changing your rate to reduce your monthly payment is to help you save. One thing you want to be sure of before you refinance is that the interest rate you will get will be much lower than what you currently have. If the interest rate you will get is not more than 2% higher it may not be worth the refinancing.

Get Cash From Your Home’s Equity

There are many times that clients come to us needing extra cash for buying a car or buying other large things, or to pay off debt, or other reasons. We then have the chance to help them refinance their current loan. This gives you the chance to use the equity of your home loan for these payments and expenses.

The Process

When refinancing we get your updated information and fill out the applications. We then give you your options for interest rates and term lengths. From there we go through with refinancing making it a smooth process.

Loan Programs

We have loan programs that we gear toward those that have never bought a home before. We also have programs that we gear toward those that are of age 62 or older and need another source of retirement. We have programs for everyone in every situation. We can help you get a mortgage that will meet your needs.

Reverse Mortgage

A reverse mortgage gives you the opportunity to not pay your monthly payments and instead get cash from your equity in your home. Your loan balance does not decrease because you are not making any payments. This is used many times as a part of retirement for those that are 62 years or older.

Adjustable Rate Mortgage (ARM)

With an adjustable rate mortgage, you do not have a set interest rate when you get your loan. The rate you have to begin is much lower than it would be with a fixed rate much of the time. It then has the possibility of going up or down based on the index. One advantage you have with this type of loan is the chance to pay off your loan early under a very low-interest rate. This saves you a lot of money in the long run.

Jumbo Loan

Jumbo loans give you the chance to get a loan on a larger than usual chunk of money. Some lenders will not finance over a certain amount of money, which is why you would need a jumbo loan. These loans are privately invested saving you money on government insurance.

Construction Loan

Construction loans are any loan that is used to build, renovate, change, or destroy a structure of some sort. Construction loans are not like a typical loan which means you may not have your 30 year mortgage rates as an option. Many clients get a construction loan along with their property to finance both as they are building on their land. You work with specific construction loan lenders for a construction loan.

Conventional Loan

The loan that the majority of people do is a conventional loan. With these loans, the interest rate is fixed which means it stays the same throughout the length of the loan. This is unless you are to refinance to get a different interest rate. The down payment usually is around 5% of what the cost of your house is.

FHA Loan

These loans you can get through the best mortgage lenders for first time buyers. They offer you either low or no down payment options. They also offer you loans even if you do not have credit that you have built in one way or another.


This here is another loan type that many clients use if they have not before bought a home. This opens up your doors of opportunity as these loans do not need large down payments. This loan is only for properties in rural areas and must get approved.

VA Loan

A VA loan is a loan that is for a member of the military. They many times pay no down payment and get very good interest rates. Not all properties are eligible for a VA loan. Land that is vacant is also not eligible for a VA loan. VA loans are for homes that are your primary residency rather than a vacation or investment home.

About Sioux Falls South Dakota

Sioux Falls is a city with a population of 184,000 in South Dakota. It is the city in South Dakota with the largest population. It is said that Sioux Falls is the healthiest city in the whole United States.

Our city has seen its fair share of tornadoes throughout the years. We have more parks than you could believe with some of the most beautiful waterfalls to see. We have a long paved pathway for outdoor recreation of many kinds.

We do get snow here which means we get to take part in many fun activities. Some of these are snowshoeing snowboarding and many other outdoor winter activities. We have many small cities around us that contribute to our economy, some of these cities are:

  • Brandon, SD
  • Harrisburg, SD
  • Tea, SD
  • Hartford, SD
  • Lennox, SD
  • Crooks, SD
  • Renner, SD
  • Worthing, SD
  • Humboldt, SD
  • And many more areas!

Frequently Asked Questions

Is there a downside to refinancing your home?

Before refinancing your home it may be a good idea to talk to a “mortgage advisor near me” you have seen on our website. This way you can get all the pros and cons of refinancing before going through with it. You want to be sure that you understand that your monthly payment will be lower, but you will have a longer loan term. This may be a downside of refinancing but if you work with the best company to refinance home then it may be worth the risk.

Do we have to get the home appraised as part of qualifying for a loan?

You may or may not need to get the home appraised upon getting a loan completed. It may depend on the loan type you choose, and the amount you are financing. This is why you need to work with a knowledgeable mortgage broker Sioux Falls. As a Sioux Falls mortgage broker, we know all the rules, regulations, and laws surrounding loans and appraisals. After meeting with your local mortgage lenders you may find that you still want to get an appraisal. Even if it is not needed by the law you may still want to get one.

How do we get the best refinance rates?

You are going to want to find the best mortgage broker near me to get the best refinancing mortgage rates. The better your history of your current loan is, the better chance you have to get a great rate when refinancing your home loans Sioux Falls SD.

Do all “mortgage lenders near me” work the same?

For the most part, yes. There are a few differences you may see if you choose to work with a “mortgage broker near me” verse one of the “home lenders near me” you find. They may ask for a little more or less information and verification.

What Our Clients Are Saying

We had a certain type of loan in mind that we were going to do. This was until our mortgage specialist explained otherwise. We ended up saving much more money and getting a great loan and mortgage rate

Elsa G.

This Sioux Falls mortgage company is the best. They are prompt when getting back to you and getting your loan all settled. We got everything we needed plus more with the incredible service that they gave.

Tiana L.

We could not have had a better Sioux Falls mortgage company to help us out. They were very accommodating to our schedule and respectful of our time.

Beckham T.

Contact Us Today!

Are you ready to learn the advantages you have with certain loan programs? We are ready to explain them all to you. We are also ready to explain the downfalls of certain types of loans as well.

This will give you clarity and help you to make the best choice for your mortgage. Every client has different needs and financial situations. We personalize your experience and your mortgage to you.

We will make sure you get the mortgage interest rates that are good for you. Do you have questions? Give Mortgage Lenders Sioux Falls a call today and let’s talk.

sioux falls mortgage lenders

Mortgage Lenders Sioux Falls

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