Who you'll work with
Ibex isn't licensed in South Dakota, so we don't make loans here. When you request a quote for a South Dakota property, we refer you to an independent mortgage lender licensed in South Dakota. That lender sets your rate and terms and handles your loan. We may receive a referral fee, which doesn't change what you pay.
| Ibex licensed here | No. You'll work with a licensed partner lender. |
|---|---|
| Loan types | Conventional, FHA, VA, USDA, jumbo, 203(k), DSCR |
| Free housing counseling | HUD: 800-569-4287 |
Buying a home in South Dakota
Get pre-qualified before you shop so you know your price range and can make a strong offer. First-time buyers in South Dakota can often combine an FHA or conventional loan with state or local down payment assistance. Veterans should look at VA loans, and buyers outside major metro areas may qualify for USDA zero-down financing.
Refinancing in South Dakota
A refinance can lower your payment, remove mortgage insurance or turn equity into cash. Compare closing costs with your monthly savings to see how long it takes to break even.
Investing in South Dakota rentals
DSCR loans let investors qualify on a property's rent instead of personal income.
South Dakota questions
What home loans are available in South Dakota?
Conventional, FHA, VA, USDA (in eligible areas), jumbo, renovation and investor DSCR loans are all used in South Dakota. Which one fits depends on your credit, down payment and the property.
Is there down payment assistance in South Dakota?
South Dakota's housing finance agency and many local governments offer down payment and closing cost help for qualifying buyers. Programs open and close often, so ask when you apply.
What if I'm behind on my mortgage in South Dakota?
Contact your servicer right away and ask about a loan modification or forbearance. Free HUD-approved housing counselors serve South Dakota at 800-569-4287. See our guide for homeowners behind on payments.