The Best Mortgage Lenders in Crooks, SD
Compare verified mortgage lenders serving Crooks, South Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Crooks
Featured Mortgage Lenders
Sioux Falls Federal Credit Union
Sioux Falls Federal Credit Union
As one of South Dakota's most established financial institutions, Sioux Falls Federal Credit Union has been serving the greater Sioux Falls area including Crooks for over eight decades. They maintain exceptional 4.8-star ratings across multiple review platforms for their personalized mortgage services, competitive rates, and deep community commitment. Their mortgage team provides comprehensive guidance through the entire homebuying process with special programs for first-time buyers and various loan options tailored to individual needs.
Loan Types:
First Premier Bank
First Premier Bank
First Premier Bank has been a trusted regional mortgage lender serving the Sioux Falls metropolitan area including Crooks since 1989. With consistently high customer satisfaction ratings, they offer competitive mortgage products and exceptional local service. Their experienced loan officers provide personalized attention throughout the mortgage process, and they're particularly noted for their construction and lot loan expertise, making them an excellent choice for custom home building in the growing Crooks community.
Loan Types:
Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage maintains a strong local presence in the Sioux Falls area with dedicated mortgage professionals serving Crooks and surrounding communities. Founded in 2000, they've built an outstanding reputation for competitive rates and exceptional customer service, earning numerous industry awards and high customer ratings. Their local loan officers provide comprehensive mortgage solutions with efficient processing and personalized guidance, making them a top choice for homebuyers seeking reliable expertise and competitive financing options.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Crooks, SD
What are the typical mortgage rates available in Crooks, SD, and how do they compare to national averages?
Mortgage rates in Crooks, SD, are generally very competitive and often slightly below national averages due to the state's stable economy and lower cost of living. Local lenders, including community banks and credit unions, frequently offer attractive rates, especially for borrowers with strong credit. It's advisable to compare offers from both local and national lenders to secure the best rate for your situation.
Are there any first-time homebuyer assistance programs specific to Crooks or Minnehaha County?
Yes, first-time homebuyers in Crooks can access the South Dakota Housing Development Authority (SDHDA) *First-Time Homebuyer* program, which offers competitive interest rates, down payment assistance, and mortgage credit certificates. Additionally, some local lenders may have their own proprietary programs or grants. Eligibility often includes income limits and home purchase price caps, which are very attainable in the Crooks market.
How does the appraisal process work in Crooks, given its rural setting near Sioux Falls?
Appraisals in Crooks require appraisers familiar with the unique mix of rural acreages and newer suburban developments. While comparable sales ("comps") from within Crooks itself may be limited, appraisers will also look at recent sales in nearby communities like Brandon, Hartford, and Sioux Falls. This hybrid approach ensures a fair valuation that reflects both the town's character and its proximity to the larger metro area.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Crooks?
Property taxes in Crooks are based on Minnehaha County rates and are typically lower than in many parts of the country, which helps keep overall housing costs affordable. Homeowners insurance is also generally reasonable, but it's wise to factor in potential coverage for weather-related risks common to South Dakota, such as hail or high winds. Your lender will help you set up an escrow account to manage these payments as part of your monthly mortgage.
Are USDA Rural Development loans a viable option for homes in Crooks, SD?
Absolutely. Crooks is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified borrowers. This is an excellent program for the area, as it directly supports homeownership in designated rural communities. Eligibility depends on household income and the property meeting USDA criteria, which many homes in and around Crooks do, making it a popular and practical choice for local buyers.
Why Choose a Mortgage Lender in Crooks?
Local Market Knowledge
Lenders who understand Crooks's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in South Dakota.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Crooks and get competitive rates on your home loan.