Whatever Happened to Bad Credit Home Loans in South Dakota?

Recent changes in the mortgage industry have left borrowers in South Dakota confused and anxious about applying for a new loan. Whether you want to refinance your existing mortgage or obtain a new loan, the first step is taking stock of your finances and gaining a realistic view of today’s mortgage market in South Dakota.

The days of the bad credit home loan are gone. Currently, prime borrowers are in demand with lenders. Prime borrowers typically have:

  • Credit score above 700
  • Documented income and assets
  • Money at hand for down payment
  • If your finances don’t meet these criteria, there are still several ways you can work to build up your credit and improve your chances of getting approved for a loan in the future. Order a FREE copy of your credit report and score, so you’ll have an accurate picture of what potential lenders will see.

    Get a FREE Credit Report

    Since 1998, LendingTree has equipped millions of borrowers with powerful online tools, informative articles, and expert support. Visit our Smart Borrower Center, to learn how lenders use credit reports and scores.

    Read More:
    Credit scores: What the numbers mean
    Why should I check my credit report regularly?
    How to keep your debt under control

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