Capital Home Mortgage South Dakota

South Dakota Home Loans

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South Dakota Mortgage Lender

Home Loans in South Dakota

Welcome to Capital Home Mortgage South Dakota, where our goal is to provide South Dakota Home Loans to South Dakota homebuyers and homeowners with low rates and fees while providing exceptional service.  First, we want to thank you for the opportunity to earn your business.  We understand that purchasing a home is the biggest decision of the most people lives and that is why Capital Home Mortgage South Dakota provides dedicated points of contact throughout the entire mortgage process.  This ensures a stress-free smooth experience finishing with an on time closing.  After all buying a home should be exciting, not stressful.

As a direct South Dakota Mortgage Lender, Capital Home Mortgage South Dakota controls the lending process from start to finish.  Our in house processing and underwriting allows for quick make sense approvals and on time closings.  This control means from application to funding we make every decision.

Capital Home Mortgage South Dakota is a full-service South Dakota Mortgage Lender that offers a wide range of mortgage products as well as competitive South Dakota Mortgage Rates.  Whether you are a first-time purchaser seeking a South Dakota FHA Home Loan, looking for a rural Property needing a South Dakota USDA Home Loan, a Native South Dakotan wanting to use the HUD 184  South Dakota Native American Home Loan, an active or retired veteran in need of a South-Dakota VA Home Loan, or a seasoned buyer in need of a South Dakota Conventional Home Loan, we are here to assist.   

Call today (605) 349-4377 to speak with our South Dakota Loan Officers.

The state of South Dakota, known as the Mount Rushmore State, is surrounded by North Dakota to the north, Minnesota to the east, Iowa to the southeast, Nebraska to the south, Wyoming to the west, and Montana to the northwest.  It is situated in the Midwestern area of the United States.  South Dakota’s largest city is Sioux Falls, while the state capital is Pierre.

South Dakota is renowned for its varied topography, which includes the Missouri River, the Black Hills, and the Badlands.  The state is made up of hills, woods, and plains.

South Dakota’s economy is broad, with manufacturing, tourism, and agriculture all having major contributions.  Products from agriculture include hogs, corn, soybeans, wheat, and cattle.

Attractions including Custer State Park, Badlands National Park, and Mount Rushmore support the tourism sector.  One of the most well-known sites in the state is Mount Rushmore National Memorial, which is composed of the likenesses of four US presidents etched into the granite of the Black Hills.

The University of South Dakota and South Dakota State University are two of the many schools and universities located in South Dakota.

There are multiple reservations in South Dakota, including the Pine Ridge Indian Reservation and the Rosebud Indian Reservation. The state is home to a sizable Native American population.

South Dakota has generally been characterized by a stable housing market.  Housing prices vary across the state, with more urban areas such as Sioux Falls experiencing higher prices compared to rural regions.  South Dakota is often considered more affordable than the national average in terms of housing costs.  The cost of living in the state is relatively lower compared to some other parts of the United States.  Rural areas may have more affordable housing options compared to urban centers.  Sioux Falls, the largest city in the state, has seen growth and development, influencing its real estate market.

Real estate trends can be influenced by factors such as job markets, population growth, and economic conditions.  The state’s economy, which includes agriculture, manufacturing, and tourism, can impact real estate trends.  Rental markets can vary across different regions of the state.

Cities like Sioux Falls and Rapid City tend to have more active rental markets compared to rural areas.

South Dakota’s tourism industry, with attractions like Mount Rushmore and Badlands National Park, can have an impact on the local real estate market, especially in areas frequented by tourists.

Economic stability and job growth can influence the demand for housing in different parts of the state.

Thank you again for allowing us to help you with your South Dakota Home Loan.

South Dakota Home Loans

South Dakota Conventional Home Loans

South Dakota Conventional Home Mortgage adhere to Fannie Mae and Freddie Mac requirements.  These loans can be used for primary residence, secondary and investment properties.  Typical eligibility requirements include a minimum credit score of 620, a stable income, and a minimum down payment.  Conventional Home Loans are also called Conforming loans and have capped loan limits that are updated annually on January 1st base on the median selling price within a local area.

South Dakota FHA Home Loans

South Dakota FHA Home Mortgage is a mortgage insured by the Federal Housing Administration or “FHA” and issued by an FHA-approved lender.  FHA loans are designed for low-to-moderate-income applicants and first time homebuyers who need a smaller down payment.   However, FHA home loans can be used by anyone. FHA home loans feature a low down payment, flexible credit score requirements and the ability to use gift funds for the down payment.  Other eligibility requirements for a South Dakota FHA home loan is consistent employment history and documented income.

South Dakota VA Home Loans

South Dakota VA Home Mortgage is a mortgage option for qualified veterans, active-duty service members, and select surviving spouses in South Dakota.  These loans are made by private lenders but are guaranteed by the United States Department of Veterans Affairs, allowing for favorable terms such as no down payment and no private mortgage insurance (PMI).   VA home loans are widely available, with competitive interest rates and liberal credit standards.

South Dakota USDA Home Loans

South Dakota USDA Home Mortgage is a zero down mortgage program provided by the US Department of Agriculture (USDA) to assist low-to-moderate-income buyers . USDA home loans are classified into two types: USDA-Guaranteed and USDA-Direct.  The USDA-Guaranteed Home Loan is made available by a private lender and guaranteed by the USDA, whereas the USDA-Direct home loan is made available directly by the USDA.  To be eligible for USDA financing, the residence must be located in an approved rural area and household income cannot exceed 115% of the median household income in your area for Guaranteed Loans.

South Dakota Jumbo Home Loans

A South Dakota Jumbo Home Mortgage is a mortgage that exceeds the standard conventional loan limits.  These loans are widely utilized to finance luxury properties and have grown in popularity as values have continued to increase.  Jumbo loans frequently include fixed-rate durations such as 30-year and 15-year and adjustable-rate alternatives. Financing of up to $3,000,000 is offered at 90% with no PMI (Private Mortgage Insurance).

South Dakota Non QM Home Loans

South Dakota Non-Qualified-Mortgage-Loans, also known as a Non-QM loan, is a form of mortgage loan that does not meet the government-sponsored enterprise (GSE) requirements for a qualified mortgage.  Borrowers who fail to meet the tight standards of a qualifying mortgage, such as those with irregular income or a high debt-to-income ratio, are perfect candidates for this sort of loan.

South Dakota Native american Home Loans

A South Dakota Native American Mortgage, also known as a HUD 184 Home Loan, is a government mortgage loan specifically for registered South Dakota Native Americans.  This loan offers easier credit qualifications, tribal grants and can be used to renovate the home along with the purchase.

South Dakota One Time Close construction Home Loans

One Time Close Construction Mortgage Company
A South Dakota One-Time Close Construction Mortgage is distinct from a traditional construction home loan in combining the construction loan and the permanent mortgage into a single loan.  This means you only have to go through the application and closing process once, saving time and money.  A traditional construction home loan requires you to apply for a separate mortgage after the construction is completed.  An OTC loan also can. be combined with other standard mortgage products resulting in much smaller down payments.
One Time Close Construction Mortgage Company
Why South Dakota HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Payment

South Dakota Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
South Dakota Mortgage Programs

South Dakota Home Purchase loans

Looking to Purchase a South Dakota Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

South Dakota Renovation Home Loans

Looking to Rehab a South Dakota Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

South Dakota FHA Home loans

Great 1st Time South Dakota Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

South Dakota va Home Loans

100% Financing for South Dakota Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

South Dakota Conventional Home loans

Flexibility for South Dakota Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

South Dakota Jumbo Home Loans

Non-Conforming South Dakota Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

South Dakota USDA Home loans

100% South Dakota Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

South Dakota Native american Home Loans

South Dakota Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

South Dakota Manufactured Home loans

Great South Dakota Alternative Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

South Dakota Reverse Mortgage Loans

Your South Dakota Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

South Dakota Non QM Home loans

Making South Dakota Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

South Dakota One Time Close Home Loans

Build Your South Dakota Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

South Dakota Refinance Mortgage loans

South Dakota Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

South Dakota Cashout Mortgage Loans

South Dakota Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

South dakota Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

South Dakota Mortgage Company Reviews

South Dakota Cities

Souix Falls Home Loans

Rapid City Home Loans

Aberdeen Home Loans

State Specific Mortgage Information

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