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South Dakota Mortgages Rates

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Wednesday, October 22nd 2014

Mortgage rates for South Dakota go down to 4.39%

Wednesday, October 22, 2014

Mortgage rates for South Dakota on Lender411 for 30-year fixed-rate mortgages are at 4.39%. That dropped from 4.39% to 4.39%. The 15-year fixed rates are now at 3.58%. The 5/1 ARM mortgage for South Dakota is now at 4.08%.

Displaying rates for Mortgage Refinance in SD for $200,000

4.087%

APR
30 Year Fixed
3.875% Rate $940/mo
  • Updated October 22, 2014
  • Direct Mortgage Lender
  • Billions Funded
  • Apply Online. Quick approvals.

3.973%

APR
30 Year Fixed
3.750% Rate $926/mo
  • Updated October 22, 2014
  • Saving just makes sense. Get $1000 Off Closing Costs.
  • Get a customized quote in minutes.
  • Free 60-day rate lock and no application fee

4.165%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated October 22, 2014
  • Refinance your mortgage with loanDepot, your home loan partner.
  • You will enjoy low rates, fast approval and excellent service.
  • Get a free quote today - no credit check, no obligation.

4.152%

APR
30 Year Fixed
4.000% Rate $954/mo
  • From the lender: Billions Funded. Direct Lender. Close in 10 days.

If you are looking for information on South Dakota mortgage or refinance rates, you’ve come to the right place. Finding the lowest mortgage rates in your area isn’t difficult when you have access to our established network of trusted mortgage professionals in South Dakota. Talk to multiple mortgage lenders in SD to compare rate quotes and understand your options.

For a more precise rate quote in your county, you can also browse South Dakota Mortgage Rates by county.

Mount Rushmore, SD

South Dakota Mortgage Refinance

Why is it critical to find the lowest rate when refinancing?  Simply put, this is the entire goal of a refinance. The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan,  the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan.

You can get a no cost refi if you want to avoid paying the closing fees of the loan. Also, if you currently make payments on an adjustable rate mortgage, you can take out an ARM loan to lower your monthly costs.

Home Loans in South Dakota

There are many loan types available in South Dakota. Some of the most popular and well known loan types are listed below.

One of the most widely available mortgage loan types is the 30 year fixed rate mortgage.  As the name implies, this loan comes with a fixed interest rate. This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.

The adjustable rate mortgage (ARM) is another common loan type. You can also pursue a jumbo loan, interest only loan, balloon mortgage, or other specialized loan type.  Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender. Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.

About South Dakota

South Dakota is a Midwestern state divided in half by the Missouri River. It is famous for the Black Hills, which are low, pine-covered hills and home of the famous Mt. Rushmore. The state is mostly rural and has one of the lowest population densities in the country, with major cities including Sioux Falls and Rapid City.

Summers in South Dakota often bring thunderstorms. Winters bring rain and snow, with an occasional blizzard. Most locals appreciate the hiking, biking, and jogging trails featured around many of the state parks. South Dakota is known as a very livable place. It’s a great place to become a homeowner.

To learn more about homeownership in South Dakota or research SD home buying programs, visit the South Dakota HUD portal.

f you want to read more here on our site, click on any of the following links.

Popular loan programs
Local Cities

user suit Lenders in: South Dakota.

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