South Dakota Reverse Mortgage Lenders Comparison Online.

South Dakota Reverse Mortgage Lenders Comparison Online.

Find Top HUD Approved HECM Lenders in South Dakota.

Receive your free HECM quote today.

What is a reverse mortgage?

HECM stands for home equity conversion mortgage. Reverse mortgages allow for seniors to release a portion of the home’s equity to eliminate any existing mortgage payments. HECM’s are unique in that there are no monthly mortgage payments required – no other program has this unique feature. 

More than 600,000 seniors have taken out a reverse mortgage loan to improve their retirement, your not alone.

Compare HECM Lenders in SD for free with RMLD – Let us find you the best program.

Seniors in SD qualify for a reverse mortgage if…

  • they are 62 years of age or older
  • own their homes
  • have equity available in the property
  • can afford to pay for the home’s property taxes and insurance
  • have never defaulted on governemnt insured loans

I qualify for the HECM reverse mortgage how does this program improve my retirement?

  • improve your retirement qualify by having access to your equity today
  • no more mortgage payments while you are living in the home
  • interest rates are at all time low’s
  • ability to spend the equity as you wish – no restrictions are placed on the funds
  • no taxes are applied to the equity you release

“There is no other program which allows seniors to access their home’s equity without having payment in retirement.”

How Does the Reverse Mortgage Work in South Dakota?

You have worked hard your entire life to build up your home’s equity, insn’t it time that your home paid you back? Well, FHA (Federal Housing Administration) insures the HECM reverse mortgage which allows you to use your home as a tool to fund your retirement.

Many seniors are still having to pay each month a mortgage payment this is seriously impacting the quality of those seniors retirement. What if you could use all the built up equity in your home to generate a new income source, this would greatly improve the quality of your retirement.

This is what the reverse mortgage program was designed for. Seniors are taking advantage of the low interest rate enviroment and the ability to qualify for a reverse mortgage loan without having income or credit scores to meet. There are no payments to be made (you are only responsible for the property taxes, insurance, and home maintanance expenses). It will cost you $0 to find our your options give us a call today.

Snapshot of South Dakota

812.4 K

Population

$79,600

Median Home Value

68%

Home Ownership Rate

15%

Percent PopulationOver 65

Find Your City to Compare State and National Averages

LOCATION POPULATION MED. HOME VALUE HOME OWNERSHIP RATE % POPULATION OVER 65
USA 307,006,550 $119,600 66% 13%
South Dakota 812,383 $79,600 68% 15%
Rapid City 62,715 $89,700 59% 13%
Sioux Falls 142,396 $101,700 61% 11%

Local Reverse Mortgage Lenders/Banks/Brokers in South Dakota

A

Aberdeen · Academy · Agar · Agency Village · Akaska · Albee · Alcester · Alexandria · Allen · Alpena · Altamont · Amherst · Andover · Ardmore · Arlington · Armour · Artas · Artesian · Ashton · Astoria · Athol · Aurora · Avon

B

Badger · Baltic · Bancroft · Barnard · Batesland · Bath · Belle Fourche · Belvidere · Bemis · Beresford · Bethlehem · Big Stone City · Bison · Black Hawk · Blunt · Bonesteel · Bowdle · Box Elder · Bradley · Brandon · Brandt · Brentford · Bridgewater · Bristol · Britton · Brookings · Bruce · Bryant · Buffalo · Buffalo Gap · Buffalo Ridge · Bullhead · Burbank · Burdock · Burke · Bushnell · Butler

C

Camp Crook · Canistota · Canova · Canton · Caputa · Carpenter · Carter · Carthage · Castlewood · Cavour · Cedarbutte · Centerville · Central City · Chamberlain · Chancellor · Chelsea · Cherry Creek · Chester · Claire City · Claremont · Clark · Clear Lake · Clearfield · Colman · Colome · Colton · Columbia · Conde · Corona · Corsica · Corson · Cottonwood · Crazy Horse · Creighton · Cresbard · Crocker · Crooks · Custer

D

Dakota Dunes · Dallas · Dante · Davis · De Smet · Deadwood · Dell Rapids · Delmont · Dempster · Denby · Dewey · Dimock · Dixon · Doland · Dolton · Draper · Dupree

E

Eagle Butte · Eden · Edgemont · Egan · Elk Point · Elkton · Ellsworth AFB · Elm Springs · Emery · Enning · Erwin · Estelline · Ethan · Eureka

F

Fairburn · Fairfax · Fairview · Faith · Farmer · Faulkton · Fedora · Ferney · Firesteel · Flandreau · Florence · Forestburg · Fort Meade · Fort Pierre · Fort Thompson · Frankfort · Frederick · Freeman · Fruitdale · Fulton

G

Gann Valley · Garden City · Garretson · Gary · Gayville · Geddes · Gettysburg · Glad Valley · Glencross · Glenham · Goodwin · Gregory · Grenville · Groton

H

Hamill · Harrisburg · Harrison · Harrold · Hartford · Hayes · Hayti · Hazel · Hecla · Henry · Hereford · Hermosa · Herreid · Herrick · Hetland · Highmore · Hill City · Hitchcock · Holabird · Hosmer · Hot Springs · Houghton · Hoven · Howard · Howes · Hudson · Humboldt · Hurley · Huron

I

Ideal · Interior · Iona · Ipswich · Irene · Iroquois · Isabel

J

Java · Jefferson

K

Kadoka · Kaylor · Keldron · Kennebec · Keyapaha · Keystone · Kimball · Kranzburg · Kyle

L

La Plant · Labolt · Lake Andes · Lake City · Lake Norden · Lake Preston · Lane · Langford · Lantry · Lead · Lebanon · Lemmon · Lennox · Leola · Lesterville · Letcher · Lily · Little Eagle · Lodgepole · Long Lake · Long Valley · Loomis · Lower Brule · Lowry · Lucas · Ludlow · Lyons

M

Madison · Manderson · Mansfield · Marcus · Marion · Martin · Marty · Marvin · Mc Intosh · Mc Laughlin · McCook Lake · Meadow · Meckling · Mellette · Menno · Midland · Milbank · Milesville · Millboro · Miller · Mina · Miranda · Mission · Mission Hill · Mission Ridge · Mitchell · Mobridge · Monroe · Montrose · Morristown · Mound City · Mount Vernon · Mud Butte · Murdo

N

N Sioux City · Nemo · New Effington · New Holland · New Underwood · Newell · Nisland · Norbeck · Norris · North Sioux City · Northville · Nunda

O

Oacoma · Oelrichs · Oglala · Okaton · Okreek · Oldham · Olivet · Onaka · Onida · Opal · Oral · Orient · Ortley · Ottumwa · Owanka

P

Parade · Parker · Parkston · Parmelee · Peever · Philip · Pickstown · Piedmont · Pierpont · Pierre · Pine Ridge · Plainview · Plankinton · Platte · Pollock · Porcupine · Prairie City · Presho · Pringle · Provo · Pukwana

Q

Quinn

R

Ralph · Ramona · Rapid City · Ravinia · Raymond · Red Owl · Redfield · Redig · Ree Heights · Reliance · Renner · Reva · Revillo · Ridgeview · Rochford · Rockerville · Rockham · Roscoe · Rosebud · Rosholt · Roslyn · Roswell · Rowena · Running Water · Rutland

S

Saint Charles · Saint Francis · Saint Lawrence · Saint Onge · Salem · Scenic · Scotland · Selby · Seneca · Shadehill · Sherman · Silver City · Sinai · Sioux Falls · Sisseton · Sky Ranch · Smithwick · South Shore · Spearfish · Spencer · Springfield · St Charles · St Lawrence · Stephan · Stickney · Stockholm · Stoneville · Strandburg · Stratford · Sturgis · Summerset · Summit

T

Tabor · Tea · Thunder Hawk · Timber Lake · Tolstoy · Toronto · Trail City · Trent · Tripp · Tulare · Turton · Tuthill · Twin Brooks · Tyndall

U

Union Center · Utica

V

Vale · Valley Springs · Veblen · Verdon · Vermillion · Vetal · Viborg · Vienna · Virgil · Vivian · Volga · Volin

W

Wagner · Wakonda · Wakpala · Walker · Wall · Wallace · Wanblee · Ward · Warner · Wasta · Watauga · Watertown · Waubay · Waverly · Webster · Wecota · Wentworth · Wessington · Wessington Springs · Westport · Wetonka · Wewela · White · White Lake · White Owl · White River · Whitehorse · Whitewood · Willow Lake · Wilmot · Winfred · Winner · Witten · Wolsey · Wood · Woonsocket · Worthing · Wounded Knee

Y

Yale · Yankton

Z

Zell · Zeona

HUD’s list of approved HECM Counselors in South Dakota.
Counseling is mandatory in all states for those who wish to get a HECM loan.

HECM Counseling Agency Roster as of 06/05/2013
(2 records were selected, 2 records displayed.)
Name Agency ID Address Phone Web Site
LUTHERAN SOCIAL SERVICES OF SOUTH DAKOTA – CCCS 80727 SUITE 100
705 E 41ST ST
SIOUX FALLS,  SD  57105-6053
(605) 330-2700 http://www.lsssd.org
PIONEER CREDIT COUNSELING 84638 1644 CONCOURSE DRIVE
RAPID CITY,  SD  57703-4720
(605) 716-1121 http://www.pioneercredit.com