Loan Products
The Right Loan for Every Situation
From first-time buyers to veterans to seasoned homeowners — we have flexible mortgage options built for South Dakota families.
Buy your dream home in the Black Hills
Home Purchase Loans
Whether you're a first-time buyer or a seasoned homeowner, Mortgage Solutions Financial has the right purchase loan for you. We offer a wide range of programs with competitive rates and local expertise to guide you through every step of the homebuying process.
Key Benefits
- Competitive interest rates
- Fast pre-approval — often same day
- Local underwriting for quicker closings
- Down payment assistance programs available
- Fixed and adjustable rate options
- Jumbo loan options for higher-priced homes
Lower your rate or access your home's equity
Refinance
Refinancing your mortgage can lower your monthly payment, reduce your interest rate, shorten your loan term, or give you access to cash from your home's equity. Our team will help you find the best refinance option for your financial goals.
Key Benefits
- Rate-and-term refinance to lower your payment
- Cash-out refinance to access equity
- Streamline refinance options for FHA and VA loans
- No-cost refinance options available
- Fast closings with local processing
- Free refinance analysis — no obligation
Low down payment options for first-time buyers
FHA Loans
FHA loans are backed by the Federal Housing Administration and are designed to help buyers with lower credit scores or limited savings get into a home. With as little as 3.5% down, FHA loans make homeownership more accessible for South Dakota families.
Key Benefits
- Down payment as low as 3.5%
- More flexible credit score requirements
- Competitive interest rates
- Seller can contribute up to 6% toward closing costs
- Available for single-family homes, condos, and multi-unit properties
- Streamline refinance option for existing FHA borrowers
Exclusive benefits for those who served
VA Loans
VA loans are one of the most powerful home financing benefits available to veterans, active-duty service members, and eligible surviving spouses. Backed by the U.S. Department of Veterans Affairs, VA loans offer exceptional terms that are hard to beat.
Key Benefits
- No down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Flexible credit requirements
- Limits on closing costs
- VA streamline refinance (IRRRL) available
Flexible financing for qualified buyers
Conventional Loans
Conventional loans are not backed by a government agency, which means they often come with more flexibility in terms of loan amounts, property types, and down payment options. For buyers with strong credit and stable income, conventional loans can offer excellent rates and terms.
Key Benefits
- Down payment options as low as 3%
- No upfront mortgage insurance premium
- PMI can be removed once you reach 20% equity
- Available for primary homes, second homes, and investment properties
- Conforming and jumbo loan options
- Fixed and adjustable rate terms available
Zero down payment for rural & suburban buyers
USDA Loans
USDA loans are backed by the U.S. Department of Agriculture and are designed to help low-to-moderate income buyers purchase homes in eligible rural and suburban areas. With no down payment required and competitive rates, USDA loans are an excellent option for South Dakota homebuyers outside major metro areas.
Key Benefits
- No down payment required
- Competitive fixed interest rates
- Lower mortgage insurance costs than FHA
- Flexible credit score requirements
- Available in many Black Hills and rural South Dakota communities
- Both purchase and refinance options available
Not Sure Which Loan Is Right for You?
Call me directly at (719) 886-0616 or start your application and I'll help you find the best fit.
Start Your Application