Capital Home Mortgage Pierre South Dakota

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Pierre South Dakota Mortgage Lender

Home Loans In Pierre, South Dakota 

Pierre, South Dakota’s vibrant capital city, sits on the rough river bluffs overlooking the longest river in North America, the Missouri River. 

Like many other American cities, the housing situation in Pierre is slowly rebounding from the effects of the pandemic. In 2021, the South Dakota Housing Development Authority (SDHDA) awarded over $11 million to fund new home constructions and homelessness prevention and provide homebuyer assistance. 

With things looking up, now may be an opportune time to further your plans for homeownership in Pierre. One of the first things to check off your list is getting a mortgage to cover the purchase. 

With that in mind, here are some of the most popular home loan types you’ll likely come across. 

Types of home loans In Pierre, SD

Home loan products have different requirements. Find out which product best suits your capacity.

  • Conventional Loans

Conventional loans don’t have backing from the federal government. They’re ideal if you have a strong credit score and a low debt-to-income (DTI) ratio. You should also be able to afford a sizable down payment (20% and up) or be required to pay private mortgage insurance fees.

  • Jumbo Loans

Home loans outside FHFA limits are called jumbo loans. If you’re dreaming of a million-dollar home in Pierre, you go for a jumbo loan. However, expect steeper requirements, such as a minimum credit score of 700 and a DTI of no more than 45%. 

  • Government-insured and guaranteed loans

The U.S. government helps potential home buyers secure FHA loans, USDA loans, and VA loans. FHA home loans are an excellent option for first-time home buyers and borrowers with a credit score of 580 and higher. 

A USDA loan is ideal for those living in rural areas with low income because of their 100% financing zero down and low rates characteristic. 

Low-interest VA loans are available for active members or veterans of the US military and their families.

  • Fixed-rate Mortgages

From the name itself, a fixed-rate loan has a stable rate during the loan period. However, longer loan terms typically equate to higher interest rates.

  • Adjustable-rate Mortgages

ARMs are the opposite of fixed-rate mortgages. Interest fluctuates, and it can be favorable or unfavorable to you based on market movements. ARMs usually have appealing introductory rates. A typical ARM loan is 5/1, wherein you get a fixed rate for five years and an adjusting rate onwards.

Pierre, South Dakota Mortgage Lender

Mortgage products in Pierre don’t have to be confusing. Being a long-term commitment, it’s essential to choose the right product that best suits your financial capacity. 

Our home loan experts at Capital Home Mortgage can help you find the best home loan program that matches your home requirements and financial capacity. 

Capital Home Mortgage can provide you with competitive interest rates, flexible underwriting, and quicker actual approvals as a direct mortgage lender. 

Find The Right Home Loan in Pierre For You Today!

At Capital Home Mortgage, we pride ourselves on working closely with our clients to help them get the best home loans for their needs. Get in touch with our loan officers now by calling (605) 349-4377

We look forward to helping you land your dream home in Pierre, South Dakota. 

Why Pierre is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Pierre Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Pierre Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Pierre 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Capital Home Mortgage Pierre is dedicated to offering Great Pierre Mortgage Rates. 

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

Pierre South Dakota Mortgage Loans

Pierre Home Purchase

Buying a Pierre Home?

  • Primary, 2nd, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Reno, Manufactured

Pierre Renovation Home Loans

Pierre Rehab Loans

  • Remodel, Renovate, Repair
  • FHA 203K Streamline or Full
  • Fannie Mae Homestyle Reno
  • Freddie Mac Choice Reno

Pierre FHA Home Loans

1st Time Pierre Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed

Pierre VA Home Loans

100% Loans for Pierre Veterans

  • Simply Qualifying
  • No Down Payments 
  • Lower Credit Scores Allowed
  • Manual Underwriting Allowed

Pierre Conventional Home Loans

Flexibility for Pierre Buyers

  • Primary, 2nd, Investment
  • Great Rates & Low Fees 
  • Single and Multi-Family
  • Renovation Loan Programs

Pierre Jumbo Home Loans

Great Pierre Rates

  • Primary & 2nd Homes
  • Higher Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Pierre USDA Home Loans

Pierre Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes
  • Closing Costs Can Be Rolled In

Pierre Native American Loans

Pierre HUD 184 Loans

  • Primary Residence Only
  • Manual Underwrite All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Pierre Manufactured Home Loans

Pierre Mobile Home Loans

  • Purchase or Refinance
  • New Home Purchase
  • OTC Combo Land & Home
  • FHA, VA, USDA, & HUD 184

Pierre Reverse Mortgages

Your Pierre Home at Work!

  • Primary Residence Only
  • Simple Qualifying
  • Credit Scores Not Applicable
  • Minimum Age 62

Pierre Cash-Out Refinance

Pierre Equity Refinance

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Pierre Mortgage Refinance

Pierre Rate & Term Refinance

  • Purchase, Refi & Cash-out
  • Primary, 2nd & Investment
  • Full Doc & Alt Doc Programs
  • Corporations OK

Pierre South Dakota Mortgage Team

Pierre South Dakota Mortgage Company Reviews

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