Mortgage Information, Calculator and Lenders

We all must meet certain common criteria for a mortgage loan, however, everyone's situation is unique. Only your loan originator can determine what financing is best for you. There are many options available. Two old adages apply here:

  • "Street wisdom is worth what you paid for it."
  • "What is right for one is not necessarily right for another."


There are some excellent lending institutions in Rapid City. Most lenders make all types of loans, though not all of them make South Dakota Housing lower interest loans and the other loan programs that accompany that program. Several specialize in one type of loan more than others and are set up to process that type more efficiently, thus making the loan process more pleasant for the consumer. There are deadlines to meet in the purchase of a home and processing of the buyer's loan is critical.

Each lender has a diversity of investors and loans. Your realtor should be able to do a preliminary pre-qualification for you and/or direct you to the lender who would best serve your situation. It is VERY ADVISABLE to get pre-approved immediately upon deciding to purchase a home. An accredited buyer representative, ABR, will have your best interests as the focus in recommending a lender. Most people do not realize that loan originators work on commission.

Many people want to investigate the financing and loan process. We will assist you in finding a lender to provide helpful information with no referral calls or pressure, check out the loan process, different types of loans, calculate your ratios and what you can afford, get current interest rates, and more.

We work with many local lenders and be able to advise you which lender will likely be the best to serve your circumstances.