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Going through the Mortgage process can be complicated, time-consuming, and frustrating. Affiliated Mortgage takes the complex Mortgage process and makes it simple, safe, and fun.  For nearly twenty years, Affiliated Mortgage has helped thousands of American’s  with the entire home loan process – whether you’re purchasing, refinancing, or investing in your next property, choose “America’s Trusted Mortgage Provider”.

In South Dakota and many states like Colorado, Wisconsin, Nebraska, 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.

Freddie Mac and Fannie Mae are the two government sponsored enterprises (GSEs) that provide liquidity in the mortgage market.

Technically speaking, a conventional loan is any mortgage that is not guaranteed or insured by the US government, such as VA, FHA and USDA.

Conventional mortgages include portfolio loans, construction loans, and even subprime loans. But again, whenever a lender refers to a “conventional loan” they are most likely referring to conforming mortgages that are eligible for purchase by Fannie Mae and Freddie Mac.

Property types include 1-4 unite properties, manufactured homes on their own land, condos, and town homes

In the United States, a conforming loan is a mortgage loan that conforms to GSE guidelines. In general, any loan which does not meet guidelines is a non-conforming loan. A loan which does not meet guidelines specifically because the loan amount exceeds the guideline limits is known as a jumbo loan.

Starting in 1970, Fannie Mae was authorized by the United States Government to purchase residential mortgage loans. Fannie Mae worked with Freddie Mac to develop uniform mortgage documents and national standards for what would come to be known as a conforming loan.

The Office of Federal Housing Enterprise Oversight (OFHEO) set the criteria on what constitutes a conforming loan limit that Fannie Mae and Freddie Mac can buy. Criteria include debt-to-income ratio limits and documentation requirements.

The maximum loan amount is set based on the October-to-October changes in median home price, above which a mortgage is considered a jumbo loan, and typically has higher rates associated with it. This is because both Fannie Mae and Freddie Mac only buy loans that are conforming, to repackage into the secondary market, making the demand for a non-conforming loan much less.

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.

Because FHA loans are insured, lenders can and do offer FHA loans at attractive interest rates and with more flexible qualification criteria.  Many lenders can overlay their own requirements on top of the FHA guidelines.  This makes FHA loans attractive for those with less than perfect credit.  “We can look at the picture more closely,” adds Troy Trombetta of Affiliated Mortgage.  “We don’t rely solely upon a credit score.  Many borrowers elect a down payment of just 3.5% of the purchase price of the loan, which makes lending possible to a wider variety of applicants.”

If you are interested in a home that requires some improvements, there is an FHA loan to address your needs.  An FHA we will check your creditworthiness and if you meet FHA standards, you will be approved for a loan that covers the cost of the property, plus home improvement costs and closing costs.  You may also be able to get an FHA loan if you already own a home that needs some repairs and improvements.  The loan will cover refinancing costs as well as the costs of making the necessary improvements.

If you are interested in getting an FHA loan, contact one of our knowledgeable Affiliated Mortgage FHA lenders today.

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.

A VA Mortgage differs to some degree from a standard mortgage.  While provided through Affiliated Mortgage, the loan is guaranteed in part by the Department of Veterans affairs.  Those eligible for VA loans can have little or even no down payment.

There are a few special considerations for a VA Loan: good credit and enough funds for payment are among them.  The expert staff and veterans with Affiliated Mortgage can help answer your questions and determine if a VA Loan is the right loan for you.

Contact one of our Affiliated Mortgage VA Loan officers today to see if a VA Loan is the right loan product for you.  We’re committed to serving our active duty military, their families, and all veterans.

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.

USDA loans require no down payment and borrowers may finance up to 100% of the property value.  While these loans are attractive, you must meet income restrictions for the county in which your new home is located.  Each county has a maximum income requirement however the USDA Home Loan Program does allow for certain considerations.  One of the final primary criteria’s is that the property be an owner occupied property, investment properties are not eligible.

The USDA Home loan may be an attractive option for you and your family.  To determine if you (and your new home) qualify for this exciting opportunity, reach out to one of our highly experienced Affiliated Mortgage lenders.

Getting a new mortgage to replace the original is called refinancing. Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage.

What Are The Advantages Of Refinancing?

One of the main advantages of refinancing regardless of equity is reducing an interest rate. Often, as people work through their careers and continue to make more money they are able to pay all their bills on time and thus increase their credit score. With this increase in credit comes the ability to procure loans at lower rates, and therefore many people refinance with their mortgage companies for this reason. A lower interest rate can have a profound effect on monthly payments, potentially saving you hundreds of dollars a year.

Speak With Our Seasoned Professionals

“We have worked with Troy three different times for our home mortgage loans. He is so helpful and will get you the best interest rate possible. He makes the process stress free. We highly recommend him!”

Jeremy & Rachel Waddell

“I enjoyed working with Troy and his group they did an outstanding job getting us closed quickly. He and his team stayed on top of everything to make sure it was a smooth process. Thank you!”

Christi Rivera Murphy

“Absolutely LOVE Melissa Everhart. She was always available when I needed her, she consulted me on every step whether we chose to purchase or build. My husband and I had no clue what we were doing, but I felt safe with Melissa and confident she was not going to take advantage of our lack of knowledge. She really cares about her clients. Would recommend her to anyone and would go back to her in a heartbeat.”

Charlene Shutika

“Affiliated mortgage help us get into our home everyone said it was a bad process to go through but they made it easy and completely painless thanks again for everything!”

Bryan Anderson, Your Content Goes Here


The Affiliated Mortgage Team is committed to providing clients with the highest quality home loans combined with some of the lowest mortgage rates available in all of South Dakota, North Dakota, Wyoming, Wisconsin, Nebraska, and Colorado. Whether you are first time home buyer, purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of mortgage brokers can help make your dreams come true. At Affiliated Mortgage, we have over 30 years of experience in serving mortgage borrowers. Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come.

We are confident that we deliver the best service and most competitive rates in the new and refinance mortgage market today! 

Find out more about Our Services.

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Our outstanding mortgage professionals will work with you one on one to ensure that you get a financial solution that is tailored specifically to meet your financing needs. Whether you are purchasing your dream home, refinancing an outstanding loan, or consolidating debt, our highly experienced team of loan officers can help you find the right loan program at the lowest rate no matter what your needs are.

Our ultimate goal is to create lasting relationships with each of our clients so that we may continue providing excellent service for many years to come. Unlike many of the larger nationwide mortgage companies that are out there, all your information will be kept secure and private. Our name that is trusted throughout the community. To speak directly with an experienced mortgage professional simply give us a call anytime or feel free to utilize any of the interactive tools offered throughout the site. We look forward to working with you.  Find out more About Us!

“Hi I’m Troy Trombetta, the Branch Manager for Affiliated Mortgage. My family and I live in Rapid City South Dakota and we absolutely love the Black Hills. 

Each and everyday I get to work with an amazing team of professionals at Affiliated Mortgage. We really take pride in the fact that we have helped thousands of individuals and families receive the highest quality home loans combined with some of the lowest mortgage rates available in all of South Dakota, North Dakota, Wyoming, Wisconsin, Nebraska, and Colorado.  Thank you for taking the time to get to know us and please take a moment to meet our Affiliated family”

~Troy Trombetta | Branch Manager

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Affiliated Mortgage

West Main Street Suite 2

Rapid City, SD 57702

T: 605-718-9820

E: info@affiliatedsd.com

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