The Sky Ridge Development in Spearfish is a new affordable housing project that is underway. If you are on their waitlist, let us help you get pre-qualified today.*
*Limitations apply and applicant must meet qualifications. See Lender for more details. NMLS #405485
INCOME VERIFICATION STEPS
Must be on the Sky Ridge Waitlist
Must have an Income Verification Letter from BHCB to determine which tier you are eligible for:
Tier 1: $215,000 and under – 125% area median income (AMI)
Tier 2: $275,000 and under – 150% area median income (AMI)
Tier 3: $340,000 and under – 175% area median income (AMI)
Must be prequalified for a mortgage – up to $215K, $275K, or $340K (See Prequalification Checklist in the “How to Get Started” section below.)
Homes may be under that price but must be able to close on a home up to that limit
Prequalification can happen with Black Hills Community Bank
With the income verification letter and mortgage prequalification letter in hand, you can move forward with a purchase agreement
WE HAVE
First time home buyer program
Repeat home buyer program
100% financing options
Down Payment Assistance:
Grant funds up to $7,500
SD Housing down payment loans
GROW SD loans up to $5,000
South Dakota Housing
Rural Development
FHA
VA
Conventional
HOW TO GET STARTED Apply Online Now!
Click here to access the mortgage application
Upload checklist items listed below to get prequalified for your mortgage
You can begin the mortgage qualification process online before being called for income verification to speed through the process even faster!
Prequalification Checklist Items
Driver’s License – Provide a photocopy for each borrower.
Pay Stub(s) – Provide your most recent paystubs(s) that cover 30-days earnings.
W-2’s – For the following years: 2020 & 2021.
Bank Statements – Provide the most recent 2 months statements (include all pages even if blank).
Tax Returns – Provide signed & dated personal tax returns of the most recent 3 years.
***Additional documentation may be required as the loan process advances.
WHY BLACK HILLS COMMUNITY BANK? 10 Reasons WHY you should let us help you reach your home goals:
We want to earn your business
Competitive rates, with flexible rate quote options
Local community lenders, processing, underwriting and closing
Communication and “LOAN PROGRESS REPORTS” to listing and selling realtors
Investing What Counts with $53,000 “Pass It On” donations in our community
We look for ways to say “yes” with CAN DO attitudes
Variety of Loan Types (Conventional, FHA, VA, RD, SDHDA, New Construction)
Experienced Professionals with over 75+ combined years
We secured $853,440 in down payment assistance, including loans and forgivable grants, the last three years
Full service bank – creating relationship banking
Lori Lynass
SVP Mortgage Manager
Rapid City
Teri McNally
Mortgage Banker
Rapid City
Tami McGuire
Mortgage Banker
Rapid City
Adam Jones
Mortgage Banker
Spearfish
Stephen Reichert
Mortgage Banker
Spearfish