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Spearfish SD Mortgage

Affiliated Mortgage is a renowned national Home Loan Provider and Property Search in Spearfish, SD. From helping you find out what you can afford, through the approval process, to moving into your new home, Affiliated Mortgage is with you every step of the way. 

Our primary goal is to provide the best mortgage loan and refinance at the lowest available rates to our communities in Spearfish. We know that finding an appropriate mortgage loan with favorable terms is really time-consuming and frustrating, therefore, we have made this process really quick and simple for you. 

We have rationalized our Mortgage services with the digital technologies which have made it easier for our clients to have a better understanding of different mortgage terms and how they impact their monthly mortgage payments and overall interest rate. 

An online application system is introduced to save the precious time of our clients. 

family moving to new house

Loan Programs

(Conventional, FHA, VA, USDA)

View Loan Options

What You Need to Know Before Applying for a Home Loan

There are a few steps that you must consider before you start your mortgage application process. It will not only make your application process smoother and faster but will also help you in making better decisions. 

1. Check Your Credit Score

Your credit score is one of the most important eligibility criteria required by the lenders. Before you apply for a mortgage loan, make sure that you know your credit score and understand how it works. It is important that you have a good credit score to get qualified for lower interest rates. 

In case, your credit score is not good at the moment, you can work on it to achieve a better credit score. Head to our blog, to learn how you can improve your credit score by following simple steps.

2. Pay Down Debt

Financial experts advise that you pay down your debts before you apply for a home loan. It not only improves your credit score significantly but also leaves a good impression on your lender. Besides, paying down your debts will improve your Debt-to-income (DTI) ratio which is a critical requirement often asked by the lenders. 

Paying down your debts will increase your chances of getting approval for a home loan with a lower interest rate. It will also increase your purchasing power and affordability.

3. Save some money for Down Payment

A significant down payment is mandatory to get approved for a reasonable mortgage loan. Although, the minimum required down payment varies for different mortgage types, and from lender to lender, but know that a larger down payment usually favors the borrower immensely. 

FHA requires a minimum down payment of 5% of the purchase of your new home, while USDA does not require a down payment at all. However, apart from the down payment, you will also need some money to pay for the closing costs, taxes, lender’s fee, and home appraisal fees. 

Therefore, it is recommended that you save a good amount of money saved beforehand so that your home buying process goes smoothly.

4. Put the Spending on Hold

It is a good idea that you put your spendings on hold for a while before you apply for a mortgage loan. This will increase your credit and will ultimately save you more money for the down payment. 

Do not buy anything expensive like a new car, a big-screen TV, or a valuable watch for a few months before your mortgage application process starts. 

5. Learn about Different Loan Types

There are different types of mortgage loans available at Affiliated Mortgage. We offer both Government Insured and Conventional Home Loans. Government-insured home loans include FHA (Federal Housing Administration), VA (Veteran Affairs), and USDA (U.S. Department of Agriculture Loans). Conventional Mortgages are usually offered and insured by the lenders themselves. 

Apart from this, there are fixed-rate mortgage loans and adjustable-rate mortgage (ARM) loans. For fixed-rate mortgages, the interest rate remains the same over the life of the loan. While in adjustable-rate mortgages, the interest rate keeps changing as the market rates change. 

You should consider the pros and cons of every possible combination so that you may have something to discuss with your lender when the processing of your application starts.

6. Organize your Documents

Just like any other application, you will need to submit some paperwork to complete the process. A mortgage application requires some documents that ensure your identity and proves your credibility to the lender. 

Typically, mortgage brokers require an ID Card, Credit Report, Credit History for the past six months or so, your recent payslip, and tax rex returns to initiate your mortgage application. These documents may vary depending on your location, lender, and individual situation. So, ask around from your friends and family for the required paperwork and get the mortgage process started.

Spearfish SD Mortgage Brokers

About Spearfish

Spearfish is surrounded by exotic natural beauty and an excellent city to live in. It is called the Queen City of South Dakota and is hub of tourists from all around the globe. The city is located in Lawrence County and it is the 10th largest city of South Dakota. It offers higher per capita income and affordable median value for home. The city also has some quality higher education institutes including Black Hills State University. As spearfish is famous for tourism, it has a lot of recreational spots for people of every age.

Other things to consider about Spearfish

  • C. Booth Historic National Fish Hatchery
  • Spirit of Hills Wildlife Sanctuary
  • Bear Butte State Park
  • Downtown Harvest Fest
  • Gulches of fun amusement park

We Love Testimonials

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Rochelle H.
Rochelle H.
Alesha did a great job of guiding and supporting us through this process. Refinancing is stressful, but Alesha made sure we understood everything that was needed, helped us avoid snags, and answered all our questions and concerns in a timely manner. I would recommend her to anyone considering refinancing or buying a home.
Brittany K.
Brittany K.
We have gone to Melissa for both our initial mortgage and a refinance and we were very happy with both experiences. Thank you!
Bryan A.
Bryan A.
Affiliated mortgage helped 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!
Tia S.
Tia S.
Melissa made sure we had the best experience even when things got hard for us Melissa stuck by us the whole time and made sure we were able to get in our home! Hardest worker for her clients she is definitely a necessity for buying a house in SD!
Jonny K.
Jonny K.
Sarah was terrific. Communication was outstanding and we felt very well taken care of. Thank you Sarah Bowser for making us feel like top priority!
Doug P.
Doug P.
Melissa was great! She always answered my calls. If there were any holdups during the process, she would quickly get the information out to me. My closing went smoothly with no surprises. I’d recommend her to anyone.
Phelan S.
Phelan S.
If you are looking for help with a VA Loan, don't go anywhere else. Troy and his team were amazing every step of the way. Thank you for guiding me through the process to home ownership so smoothly, you've gained a customer for life.
Esaias M.
Esaias M.
Dear Affiliated Mortgage LLC, Words cannot express our gratitude Melissa! The house is wonderful and the service you provided was beyond exceptional! Wish you the best and look forward to working with you again in the near future. You will be highly recommended by the Machado Family. Many thanks! Sincerely, Esaias and Haly
Carl M.
Carl M.
Had a great experience working with Affiliated during the Pandemic. Almost everything was done online or over the phone with little to no issue. Was able to lower the interest on our mortgage by over 1 and 1/2 percent. Would work with them again.
David W.
David W.
All things considered we had a great experience with affiliated mortgage, especially being spread across 3 different time zones. Greatly appreciated the work by Melissa. Thank you!
Rich H.
Rich H.
I have worked with Vern on a few different occasions. He is always very responsive to questions and stays with you through the transaction. Highly recommend him and his company.
Jezzel R.
Jezzel R.
Sarah made the process for buying my house super easy 2 years ago. She always told me if there was something wrong or what I needed to do to ensure the process went smoothly and I really appreciate that! Especially being a first time home owner. We refinanced a couple weeks ago and it was just as quick and easy. I highly recommend Sarah if you or your friend need a loan officer!
Darsha N.
Darsha N.
My husband and I worked with Alesha to purchase our first home and couldn’t have had a better experience! Neither one of us had any idea what the process entailed, but she was able to walk us thru every aspect of the qualification process and make it as simple and straightforward as possible! Anytime we had a question she was always available by email or text and was prompt in her replies! The entire process with Alesha at Affiliated was undoubtedly made easier by her knowledge and enthusiasm for what she does! I highly recommend anyone looking to buy or refinance to get into contact with Alesha!
Ryan Mechaley-Swanson E.
Ryan Mechaley-Swanson E.
The level of communication is unbelievable. I never had to wonder where I was at in the process. Danny’s attentiveness to what the customer needs and wants is unmatched. I truly appreciate all of his efforts and time. It made the 2nd transaction with him better than the first!
Justin Van O.
Justin Van O.
Danny at affiliated mortgage was great to work with every step of the way.
Andy G.
Andy G.
Melissa was super easy to work with and made the home buying process flow very smoothly. Highly recommend!
Jacob D.
Jacob D.
Danny made my refinance effortless. Would highly recommend their team.
Nicholas L.
Nicholas L.
Sarah Bowser was great to work with. She worked hard in getting me the loan I needed to purchase my first home. She answered my questions clearly, and made the whole process as easy as possible. So when it came time to take advantage of historically low interest rates, and to refinance, of course I went back for her help. She was quick and courteous throughout the process. I would recommend her to anyone.
Dan M.
Dan M.
This is the second time I’ve worked with Melissa E., on a first time mortgage and just completed a refinance. She is a dream to work with, takes her time to explain things to you, and sets up a very relaxing atmosphere to put you on ease with the whole process. If I ever buy another home, she is my first stop. I highly recommend her. Dan M.Box Elder
Kelly N.
Kelly N.
It was a pleasure working with Troy and his team. Dealing with us from 700 miles away had to be a challenge but the value-added he provided made it easy for us and he gained our trust quickly and early on. He helped with insurers in the area and recommended inspections firms, etc. Very professional and i believe we made a friend also!!!
Justin K.
Justin K.
Nice to have local support with nationally competitive service and rates. Everything was streamlined and virtual which made it very easy to do business with Affiliated.
Dylan S.
Dylan S.
We have been looking to refinance our first home to keep it as a rental and with rates being at an all time low decided now was the best time to do so. Zachery quickly got us locked in at an excellent rate and not only lowered it more than a percent, but also lowered our monthly payment by several hundred dollars. His efficiency and character showed me that it wasn't just a job to him, but he actually cared about helping us now and long term. He was always so personable and it showed that he wanted the best for me and my family in this process. From the beginning of the process to the end Zachery was great to work with.
Merve T.
Merve T.
We had the opportunity to work with Troy and had an amazing experience. As first time buyers, we didn't know much about the process but Troy always took the time to explain everything and gave us many different options that we weren't even aware of. He was genuinely trying to help us in every step. With his help, we got a great rate on our loan, had a very stress free and smooth process. We appreciate his help so much and definitely recommend him! It was a real pleasure to work with him.
Scott W.
Scott W.
My wife and I greatly enjoy working with Sarah Bowser at Affiliated. We've worked with her twice on refinancing. Sarah is so easy to work with that she takes a lot of the anxiety out of the process. She is experienced and very knowledgeable so nothing is ever missed and it all goes smoothly. She moves the process forward efficiently, keeping us informed every step of the way. We highly recommend working with Sarah to walk you through the process.
marwin L.
marwin L.
Sarah Bowser was amazing! She assisted us with purchasing our home 2 years ago and again with us refinancing recently. She's always available when my wife and myself had questions.
Michael G.
Michael G.
I cannot begin to express how satisfied I was from the beginning of the loan process to the signing of the final closing docs. Vern was there every step of the way giving updates and answering questions that I would have. I have used Vern's services twice, once for my home buying purchase and then again with a refinance of my home and I would highly recommend his services without thought or hesitation. If there were another star I could give, I would give it. Thanks Vern.
Jennifer R.
Jennifer R.
Melissa is such a wonderful lady to work with she treats you like family and will take the time so you understand everything your getting. I highly recommend her
Melissa D.
Melissa D.
Troy Trombetta is who you want to see. His Assistant Sarah and he are a DYNAMIC duo! They took my mortgage from another officer and it was not happening and within a week it was on-track and approved We closed on-time and with less stress than before. Courteous and AMAZING along with professional. Will recommend 100%.
D G
D G
Worked with Melissa on financing and refinancing as well. Best experience each time, always in touch at every step of the process. I would definitely recommend... Thanks...
Amber C.
Amber C.
Danny was amazing from start to finish. We hit some major snags through the process of refinancing our house but he always went above and beyond to help us work though those any of the issues that we had.
Whitney S.
Whitney S.
My husband and I recently decided to refinance our home. We worked with Zachery Blair and he made the whole experience so pleasant and easy. He was quick to answer all of our questions and go above and beyond to ensure that we saved the most money and received the best rate possible. He answered our calls and emails at all times of the day, making me wonder if there was any time he wasn't working. Zachery personally showed up at our closing to help if we had any questions and also for any support we needed. If we ever purchase another home we will definitely be reaching out to Mr. Blair and Affiliated Mortgage again.
Jason B.
Jason B.
Troy and his staff were amazing to work with. We bought a home in the Black Hills and the loan to closing process was simple with Troy’s expertise. I would highly recommend Affiliated Mortgage and any of their staff.
jeremy G.
jeremy G.
We will forever be grateful to Vern with Mortgage Lender. He was very respectful and professional. He gave us options and was very helpful to the end. I will surely recommend Vern or Mortgage Lender to all of our friends!
Rachel C.
Rachel C.
I have worked with Vern on financing and re-financing a few times and the experience has always been very easy. He ensures that you receive the best possible rate and works with you every step of the way to make sure the process is as smooth as possible. He's very responsive to all communications, which really sets you at ease. I will continue to work with Vern and Affiliated Mortgage for years to come!
Kim A.
Kim A.
Vern was amazing to work with. It was our 1st home purchase and they walked me through step by step. Thank you all, we love the home and couldn't be happier.
Basil W.
Basil W.
I have had them do two Mortgages for me and I will continue to do business there!! Fast efficient and they get the job done right!!!
Shaun C.
Shaun C.
When we decided it was time to buy a house, Affiliated Mortgage was our first and only choice. Our mortgage loan officer, Melissa, is very knowledgeable about the VA loan process and guided us every step of the way. Her expertise was invaluable and provided us with piece-of-mind. We will return to Affiliated Mortgage for our future mortgage needs and we would absolutely recommend them to anyone.
Ragen J.
Ragen J.
Vern and Amy did an amazing job and very helpful. Process was easy and went very smoothly. I would for sure recommend.
Michael O.
Michael O.
To Melissa, Mary and LB,Thank you very much for the expedited process in closing! Even through a world-wide pandemic these professionals took very good care of my application and loan process! I highly recommend them to anyone looking to move to the Rapid City/Box Elder area. Thanks again!
Patricia P.
Patricia P.
Troy made my experience buying a home enjoyable and easy. Everything ran smoothly and I highly recommend Affiliated Mortgage!
Christi Rivera M.
Christi Rivera M.
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!
Monetha Erin B.
Monetha Erin B.
Mike Fischer went above and beyond for us. I'm so thankful to have crossed paths with this guy. He is amazing and I would definitely recommend him.
Travis C.
Travis C.
Working with Melissa was an excellent experience! Especially given the circumstances around the timeline of our closing. I would recommend Affiliated to anyone looking for real estate financing!
Jessica K.
Jessica K.
Melissa made sure that our first home buying venture ,mixed with a military move across country, was seemless. She listened to every question and concern. She always answered in a way that made the process easy to understand. Melissa understands as a military spouse just how difficult a pcs can be, and she made sure we had no surprises. She worked closely with our realtor and insurance agent. Can’t say enough about the integrity and professionalism!
Brant L.
Brant L.
Sarah Bowser made our lending experience super easy and stress free. I was fighting with my bank about contingencies and my realtor recommended that I speak to Sarah and see what she could do. She got everything approved really quickly with good terms. Great communication and made everything simple. Thanks Sarah!
Kelli W.
Kelli W.
As a first time homeowner and having my house built during the pandemic, Troy had his work cut out for him! He was super upbeat, informative and went the extra mile...and then some. I ended up with an incredibly low rate and amazing insurance, that he found for me himself. I learned a lot in the process as well! Thanks Troy!
Christine C.
Christine C.
Melissa made our home buying transaction a breeze! We bought sight unseen from out of state and were nervous about not being there in person for all the showings. She went above and beyond her normal duties and even accompanied our realtor to a couple showings so we could have another perspective on things. At the last minute, we ended up needing to close from out of state but she arranged for a traveling notary to come to our home to sign all the documents. She puts a personal touch to her work and is amazing to her clients!
Haleigh F.
Haleigh F.
Melissa has gone above and beyond for us! She always contacts us to make sure we get the best rate. Never feeds anything that isn’t going to work. She will lay it down straight forward that way she doesn’t steer you wrong. She is not only our Loan Advisor but a family friend. I wouldn’t want to do work with anyone else. Thank you Melissa!
Diane C.
Diane C.
We had the wonderful opportunity to work with Vern B. He answered all our questions and guided us through the process with ease. I highly recommend him to anyone purchasing a house! He made it so easy for us to complete our home buying experience!
Mark K.
Mark K.
This is the 2nd time we have personally worked with Danny Battochio and Affiliated Mortgage, and each time it has been a fantastic experience. Danny is the consummate professional, and I would recommend working with Danny to anyone!
Suzi K.
Suzi K.
Vern went above and beyond ... Even with the crazy listing agent calling him !!This is the 2nd house I have purchased with this mortgage company Always great service !!
T R.
T R.
Betty and I found the workings of Vern and his associates to be highly professional. We where kept advised all thru the process and I do Highly Recommend Vern and his team and would use them again.
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