Services 2018-06-10T09:58:15+00:00


We’re about more than just mortgages.

We are in the business of helping Americans realize the dream of home ownership. The irony is that while buying a home can be a joyful and uplifting experience, getting a mortgage can be anything but. We aim to change that.

In today’s fast-paced world, we realize that when it comes to getting a mortgage, you’re seeking a reliable partner that:

  • makes the home loan process as easy as possible
  • offers a low rate
  • closes on time
  • eliminates the stress
  • keeps you informed

Once you are part of the Affiliated family, you’ll find we provide an exceptional Customer experience throughout the life of your loan.

Please feel free to browse some of our available loan programs.

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.

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.



Purchase price
Please enter here the amount you expect to pay for a home.
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Down payment
Down payment is cash that you pay upfront for your home.
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Term in years
Number of years you have to pay.
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Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
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Property tax
Enter your property tax here if you know it.
per year
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Home insurance
Most lenders require home insurance. Enter its price here.
per year
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PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
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Your total monthly payment


Principal & Interest
Home insurance
Property taxes


We understand home financing may seem overwhelming, so we work hard to make it a little easier for you. We let you know what you need to do, and when you need to do it.

We also understand trust is earned through our actions. That’s why Affiliated Mortgage proactively work with you to answer questions, address concerns and solve problems. We communicate simply and directly so you always know where you stand. And, of course, we keep our promises.



Tell us about your loan needs. Wether your refinancing or buying your first home, Affiliated Mortgage is here to serve you and your family. From idea to completion, we do it all!

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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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