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Pierre Mortgage

Affiliated Mortgage is a trusted Broker and Real Estate Search in Pierre, SD. Over the past 15 years, we have helped homebuyers purchase or refinance their dream home at the best available rates. 

Our Mortgage Experts have a strong understanding of South Dakota Real Estate Market and Mortgage Trends. They have years of experience with mortgages in the Pierre area and thus can really help you in finding a financial solution that is tailored to your specific needs. 

We offer a number of different mortgage solutions to our communities in Pierre, SD. Our mortgage services include Home Purchase Mortgage, First-time Homebuyer Mortgage, Free Mortgage Consultation, Mortgage Pre-approvals, Mortgage Refinances, Cash-out Refinances, Conventional Mortgages, and so on. 

Contact our Loan Officer today and schedule a free mortgage consultation.

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Couple moving into new home

10 Easy Steps To Get a Home Loan

1. Fill out a Loan Application

The first step in your home loan process should be filling out a Loan Application. Affiliated Mortgage offers an Online Application system that you can fill at your own convenient time. 

2. Get a Pre-approval

After you are done submitting your loan application, your mortgage lender will review the information you provided and will grant you a pre-approval for your home loan. A pre-approval basically tells you the price range of the homes you should be looking at.

3. Select a Loan Option 

Affiliated Mortgage has a wide range of competitively priced loan programs. This is to help our clients find a financial solution that best fits their individual circumstances. The most common types of loans available are FHA, VA, USDA, and Conventional Loans. 

Knowing what loan option to choose is really important and having an experienced lender by your side can really help with that. However, make sure that you choose a loan option that you can afford in the long run.

4. Shop for your New Home and Make an Offer

The next step is to start looking for open houses around you. Take notes on all the homes you visit. And when you have visited enough houses, compare your notes to find your best bet. 

It is important that you work with an experienced Real Estate Agent who strongly understands the local real estate market. It will help you get the competitive purchase price for your dream home. 

5. Home Inspection

Usually, the purchase offers are contingent on the Home Inspection of the property to find any signs of the structural damage or things that may need fixing. Your Real Estate Agent Typically helps in arranging a Home Inspection within a few days of your being accepted by the seller. 

This contingency offers you a chance to renegotiate your purchase offer or withdraw it without penalty in case the inspection reveals some significant material damage. 

6. Documentation

There is a lot of paperwork involved in purchasing a new home. Once your Home Inspection is done, review the documents required to close your mortgage deal. It is advised that you prepare and organize all the required documents beforehand so that there are not any delays in closing your mortgage deal and moving into your new home.

7. Appraisal

The lender will arrange a Home Appraisal to get an independent estimate of the market value of the home you are purchasing. This appraisal is done by a Licensed Appraiser who is a third party member. A Home Appraisal ensures the lender that you are paying a fair price for your new home and the amount of loan you have requested is justified.

8. Processing

After the Home Appraisal, the processing of your documents is done by the lender. The lender arranges a title company to handle all of the paperwork and makes sure that the seller is the rightful owner of the property that is being purchased. 

9. Clear to Close

This is a signal from your lender that your mortgage deal is now clear to close. After you have paid your down payment and the closing costs, a date for closing will be set where you will need to sign the final paperwork. At the closing, make sure that you read and understand all the documents. Ask questions from your lender about the terms of the agreement if you don’t understand anything.

10. Welcome to your New Home

After you have signed your final paperwork, it typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender. Once the money is delivered to the lender, you are ready to move into your new home and celebrate.  

Pierre Mortgage Lenders

About Pierre

Pierre is the capital city of South Dakota. It serves as a major regional trading center and hence offers more jobs. The city has a good job balance for skilled, semi-skilled, technical and entry-level workers, thus providing opportunities to everyone. It has fastest growing industries in South Dakota including health care, social assistance, finance, trading and others. The city also offers lower cost of living and other benefits in income tax. Pierre also has some pretty good recreational spots including South Dakota Cultural Heritage Center, Hillsview Golf Course, South Dakota Discovery Center and Museum and so on.

Other things to consider in Pierre

  • Fischer Lilly Park
  • Lewis and Clark
  • Lake Oahe and Oahe Dam
  • Fort Pierre Depot
  • Cedar Hill Cemetery

Loan Programs

(Conventional, FHA, VA, USDA)

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