RESOURCES
Black Hills Association of Realtors/BHMLS
Your source for the Black Hills Association of Realtors.
Helpful Resources
Understanding The Basics of Title Insurance
Opt-Out of Pre-Screen Offers
Fannie Mae - Home Buying Process
Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Home Buying Process guide on their website offers valuable information about buying a home. This website also provides important information for home owners.
Federal Reserve Board Consumer Information
The Federal Reserve Board maintains a web page with consumer information, including a section on home mortgages. The section covers topics such as finding the best mortgage and understanding ARMs.
Homebuyer Education by Freddie Mac
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process.
Mortgage Bankers Association of America Consumer Information
The Mortgage Bankers Association of America is the preeminent association representing the real estate finance industry. Their consumer information site contains several tools and guides to aid in purchasing or refinancing a
home.
South Dakota Housing Development Authority
South Dakota Housing Development Authority is a program designed for 1st time Homebuyers who have not owned a home in the last 3 years. The borrowers must also meet an income guideline based on county the property is in and a purchase price restriction which is currently $ 204,432. SDHDA borrowers get lower interest rates than standard borrowers to help them obtain their dream homes at payments that are lower than normal. The current interest rate on SDHDA loans is 5.125% fixed rate (5.324APR) and 4.125% to 6.125% under their Step Rate program ( 6.013APR). Call one of our loan officers to find out more or visit SDHDA.org.
U. S. Department of Housing and Urban Development - Buying a Home
U. S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower’s rights, tips and tricks for shopping for a loan, and details about different home buying
programs including FHA loan programs and other special programs.
United States Postal Service Official Movers Guide
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier.
Apply now for a better mortgage experience through First National Bank