Learn About Common Mortgage Loan Programs
Based in Rapid City, South Dakota, Affiliated Mortgage is the regions home loan and mortgage refinance leader. Learn about common loan programs by selecting a topic below.
FHA loans typically offer options for first-time home buyers, senior citizens and home improvements. One of the most difficult elements of the home buying process is saving up enough money for a down payment. If you are a first-time home buyer, an FHA loan may allow you to make a down payment of 3.5%. You may also be able to roll your closing costs and other fees into the loan amount. » read more
VA Loans in South Dakota and Wyoming are made to fit the unique needs of Veterans, current military personnel, and in some cases, spouses of veterans or current military personnel. » read more
USDA Loans, commonly referred to as Rural Development loans provide borrows with a variety of attractive benefits if the subject property falls within the USDA RD Home Loan Footprint. Don’t worry, our experienced lenders can help you determine if your new home qualifies for a USDA loan with a simple phone call. » read more
In South Dakota and many states like Wyoming and North Dakota, loans come in two types – conforming and non-conforming. Frankly, this is the case nationwide. In order to fully understand the difference, you first must know a little bit about Fannie Mae and Freddie Mac. » read more