Rated Best Among Spearfish SD Mortgage Brokers
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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.
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.
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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Joe K.
Refinancing was so easy, only a few preliminary papers to fill out and that was it.
Jessica K.
Melissa is top notch. Melissa is never to busy to answer questions and makes understanding the financing process easy!
Ruth T.
Melissa did an amazing job helping us with all the mortgage paperwork. She was always communicating with us and keeping us updated. I appreciate her making us feel at ease through the whole process. She is great to work with, especially if you are military.
L P.
I was skeptical when I saw all of the 5 star reviews but after dealing with Alesha, who went over the top to help me and communicated everything that was going on with the loan process, I understand. Thanks Alesha and Affiliated.
Joel P.
Zach was attentive and answered questions we had quickly along the way. I would definitely recommend Affiliated if you need a home loan.
Rick M.
great to work with
poolplayerbrian
it was a very straight forward as easy process to work with Melissa Everhart. She helped us avoid making a possibly bad financial decision with a home we were looking into, and referred us to an insurance company with more affordable rates than the company we were currently using. I recommend her if you're in the Rapid City area
QuickTrigger B.
Alesha was absolutely amazing!! She was very thorough with everything. We knew everything that was going on every step of the way and her patience with me was awesome! I can be a handful and she handled it very professionally! I would definitely recommend Affiliated Mortgage AND Alesha!!! Thank you so much!
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.
Bob B.
Once again went above and beyond Danny called us because the market allowed us to refinance at a lower rate and would save us thousands of dollars was always around for any questions and available anytime. Great company.
Gary H.
Excellent company with professional and friendly associates. They made the mortgage acquiring process almost fun! Highly recommend.
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!!!
Robin M.
Mike Fischer was very helpful and compassionate through the loan process. He answered all my questions and made the process to this fresh start enjoyable.
Andres L.
Being a homeowner is something I‘d always believed was beyond my grasp; I’d resigned myself to the idea that’d I be a renter, paying someone else’s mortgage, for the rest of my life. Today I officially became a homeowner for the first time and Ryan is the man that made it happen.From the moment we started the mortgage process, Ryan has set a new standard for the phrase “on the ball”. His quick turnaround in finding me mortgage options and answering the myriad questions I had was beyond impressive and I truly got the sense that he was working every angle he could to find me the best solutions. I’ve heard countless horror stories from friends in the past about their mortgage process and I’m thrilled to say I don’t have any of my own to contribute.Thank you Ryan! Believe me when I say, I COULD NOT have done it without you!
Andres L.
Being a homeowner is something I‘d always believed was beyond my grasp; I’d resigned myself to the idea that’d I be a renter, paying someone else’s mortgage, for the rest of my life. Today I officially became a homeowner for the first time and Ryan is the man that made it happen.
From the moment we started the mortgage process, Ryan has set a new standard for the phrase “on the ball”. His quick turnaround in finding me mortgage options and answering the myriad questions I had was beyond impressive and I truly got the sense that he was working every angle he could to find me the best solutions. I’ve heard countless horror stories from friends in the past about their mortgage process and I’m thrilled to say I don’t have any of my own to contribute.
Thank you, Ryan! Believe me when I say, I COULD NOT have done it without you!
From the moment we started the mortgage process, Ryan has set a new standard for the phrase “on the ball”. His quick turnaround in finding me mortgage options and answering the myriad questions I had was beyond impressive and I truly got the sense that he was working every angle he could to find me the best solutions. I’ve heard countless horror stories from friends in the past about their mortgage process and I’m thrilled to say I don’t have any of my own to contribute.
Thank you, Ryan! Believe me when I say, I COULD NOT have done it without you!
John S.
Danny was wonderful to work with, he was very knowledgeable and made the process easy to understand. As first time buyers we were nervous about the process, but danny was always available to answer any questions we had!! I would recommend Danny to anybody that's looking to buy a home. Thanks for everything Danny, it was much appreciated!!
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!
Linda H.
Danny Battochio is very professional, very helpful, very courteous, and an all-around good guy. We would give him the highest of recommendations!
Doug P.
Vern is super knowledgeable, professional and helped us through the entire process.
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!!!
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!
Brian S.
Danny is awesome!! I'm out of state and he was able to make it easy and simple to refinance totally remotely!Recommend him to anyone needing a refi!Keep it up Danny!
Marilyn H.
We had a great experience working with Affiliated Mortgage. They were very professional and courteous. They answered every question we had and completed our refi in a very period of time. It was a very comfortable experience. The first time this ever happened in our lives.
Dan J.
Excellent work. Great communication, friendly and helpful. Explanation of re-finance procedure was done very well. No complaints at all.
Sandy M.
Vern and Amy were great help with our financing for our new home in the hills. Both were very professional and very nice. We will recommend them to our friends. Thanks for making it so easy for us.
Shelice C.
I ended up at Affiliated by chance. (I drive past there almost every day) when I decided to get serious about purchasing my first home I decided to stop it. I did shop around but no one could come close to offering me what Vern did.I couldn’t have chosen a better lender, affiliated will be my go to. The one I recommend to anyone who asks.Hoping to send you clients and more reviews like this one.Thank you for your kindness, humanity and honesty.Shelly
Kelly R.
Our experience at Affiliated Mortgage was excellent. Our business with them was handled by Vern and he was great!
Robert M.
Outstanding job...in all aspects.
Peggy M.
Working with Troy from Affiliated Mortgage was so easy. He was there every step of the way. The process was fast and easy. I never knew refinancing could be so easy and stress free.
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.
Kelli B.
Vern and Amy are great at being right on top of everything you need to refinance your mortgage in a short time frame. It was simple, done quickly, and a fast turn around. With Covid, everything was done online and through email. I don't even know what Amy looks like...lol. These two will get everything done for you that you need and answer all questions in a very timely manner. I highly recommend Affiliated for all your mortgage needs.
Heather A.
My husband and I worked with Troy and had a wonderful experience. We thought buying and selling a home would be incredibly stressful but Troy made it easy. He always answered our phone calls and never left us guessing. He even gave us ideas on how to save money! Will definitely utilizing him in the future. Thanks again Troy!
Sydney O.
I highly recommend Affiliated Mortgage - Alesha Blair, Alesha was extremely attentive and responsive. She answered all of my questions quickly and thoroughly. This was our first time buying a home and Alesha could not have made it any easier! If you’re looking to purchase a home, or refinance, call Alesha!
Kristen S.
Kristina at Affiliated Mortgage was absolutely fantastic! We are moving to SD from CO and she helped with all of our questions (there were many) without any issue. She was extremely helpful and was by our side every step of the way. I would highly recommend her to anyone looking to purchase a home in SD!
wakan64
As a first time home buyer having a professional of Verns caliber working on our home loan was a big weight off our shoulders, an expert in his field and very responsive anytime we had questions.
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!
Jacob D.
I cannot express my appreciation enough. Troy and his team really "Went to bat for me" during the whole loan process. Every obstacle we encountered was dealt with by Troy and his team. There was clear communication during the whole process. I was very happy with the service and friendly/ positive attitude that greeted you on the phone.
Mike H.
They are the best home loan providers in rapid city area.
Chris K.
Ask for Big Vern
Doug E.
Zachery Blair handled all aspects of refinancing my mortgage in an efficient and informative manner. He kept me up to date on all aspects of the process and provided timely and practical explanations for everything. I would highly recommend him and appreciate the assistance he provided.
Scott C.
We had a great experience as first time homebuyers working with Melissa Everhart and Affiliated Mortgage. Melissa was knowledgeable, personable, and really made it easy to understand what was happening next in our home buying process. We would 100% recommend her services and appreciate everything she did to make our experience as painless as it was.
Jaci P.
Danny at Affiliated Mortgage was awesome to work with! Danny explained the process thoroughly and was always willing to give the best advice. Together, Danny and Affiliated Mortgage made my first time home buying experience the absolute best by being professional, efficient, and exciting!! I would recommend them to everyone! I will definitely be working with Danny and Affiliated Mortgage LLC. for all my future home purchases! Thank you again for all the hard work and time!
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!
Donna H.
Alesha was on it from the beginning. Willing to work any hour of the day to make our dreams true. She was professional yet personal. I high recommend her.
Ray B.
Working with Mike Fischer, was professional, quick and smooth. He did everything he could to assist us with underwrites requests. Mike is a very personable professional. If I ever need another loan Mike will be the one I call.
Alex L.
Danny was great to work with! He put in a lot of time and effort walking us through all of our options and I would certainly recommend him for his excellent support
Joshua M.
Sarah B. was great to work with. She was very responsive and knowledgeable throughout the whole process. It definitely made the buying experience better than I have witnessed before. We appreciated her help!!
Douglas W.
Ryan is amazing. He got straight to the point (just the way i like it) and got things done quickly and efficiently. Whenever there were minor hiccups, he did everything in his power to resolve it without me having to be involved. i couldn't have asked for a better experience.
Eliza D.
Troy was amazing to work with. He made everything extremely easy to understand and he answered all of our questions fast. It was almost easier than buying a car. We will definitely recommend him to anyone who will be purchasing a home in the future.
Agnes B.
We worked with Melissa Everhart to purchase our home. She was very friendly and responded quickly with any questions we had. We would def recommend Melissa!
