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Rates

Home Mortgages 1-13-2017
Mortgage Type
Rate
APR*
30 Year Fixed Rate
4.125%
4.239%
20 Year Fixed Rate
3.875%
4.032%
15 Year Fixed Rate
3.375%
3.574%
10 Year Fixed Rate
3.250%
3.538%
South Dakota Housing 30 Year FHA
3.125%
3.352%
South Dakota Housing 30 Year FHA Fixed Rate Plus
3.750%
3.986%
FHA 30 Year Fixed Rate
3.375%
3.618%
FHA 15 Year Fixed Rate
2.875%
3.311%
VA 30 Year Fixed Rate
3.375%
3.739%
VA 15 Year Fixed Rate
2.875%
3.525%
Mortgage Type
Rate
APR*
Term (Months)
Residential Lot Loans 80% LTV term 15 years
6.750%
6.921%
180
Construction Loans
2.990%
6.285%
9

*APR - Annual Percentage Rate

The rates disclosed above are based on the following assumptions:  you have excellent credit (a FICO credit score of 740+) and that you are buying a single-family home as your primary residence.  Please see below for additional information on these assumptions. 

Discount Points - Mortgage Discount Points are not factored into the rates listed above.  If you would like to purchase points your interest rate may be lower than the rates shown. 

Conforming Fixed Rate Loan - APR calculation assumes a $160,000.00 loan amount with 20% down payment and no mortgage insurance.  If the down payment is less than 20%, mortgage insurance may be required, which would increase the monthly payment and APR.  Fees included in APR-origination, underwriting, flood certification, tax service, document preparation and closing fee. 

South Dakota Housing Fixed Rate FHA Loan - APR calculation assumes a $160,000.00.  Fees included in APR-origination, underwriting, flood certification, tax service, document preparation and closing fee. 

FHA Loans - APR calculation assumes a base loan amount of $160,000.00 with 3.5% down payment.  Fees included in APR-origination, flood certification, document preparation, underwriting fee, closing fee and upfront Mortgage Insurance.  APR does not include monthly mortgage insurance. 

VA Loans - APR calculation assumes a $160,000.00 base loan amount with no down payment.  Fees included in APR-origination, flood certification, underwriting, closing fee and upfront VA Funding Fee. 

Lot Loan - APR calculation assumes a $160,000.000.  Fees included in APR-origination, flood certification, tax service and document preparation. 

Construction Loan - APR calculation assumes a $160,000.00.  Fees included in APR-origination, flood certification, document preparation and closing fee. 

Factors that can affect the rate:
Occupancy
Loan Amount
Credit Score
Loan to Value
Loan Purpose