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Directory of mortgage brokers in Watertown, South Dakota. Verify credentials with the state mortgage licensing authority before hiring.
19 agents listed
Updated May 2026
Watertown, SD
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the South Dakota before hiring.
Showing 19 mortgage brokers in Watertown, SD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Meyer Insurance
1933 Willow Creek Dr, Watertown, SD 57201
6057535698
Wtn realty team
718 9th Ave SE, Watertown, SD 57201
6058866100
Sarah E Erickson | Fairway Independent Mortgage Corporation Loan Officer
114 W Kemp Ave, Watertown, SD 57201
6057530136
SoDak Realty
13 9th Ave SE, Watertown, SD 57201
6053036929
Reliabank
1401 4th St NE, Watertown, SD 57201
6058866000
Hoftiezer Real Estate
120 5th St SE, Watertown, SD 57201
6058863030
Fairway Independent Mortgage Corporation
114 W Kemp Ave, Watertown, SD 57201
6057530136
OneMain Financial
1040 29th St SE, Watertown, SD 57201
6058863770
Edward Jones - Financial Advisor: Tim Sprung
2013 Willow Creek Dr Suite 2, Watertown, SD 57201
6058824390
Edward Jones - Financial Advisor: Merle A Tschakert, AAMS®
420 10th St NW, Watertown, SD 57201
6058827064
Edward Jones - Financial Advisor: Stefanie R Smykowski, CFP®|AAMS®
210 5th St SE, Watertown, SD 57201
6059544285
Dougherty & Co LLC
119 5th St NE, Watertown, SD 57201
6058821200
ICA Group - Bradley Elshere, Financial Advisor
1310 9th Ave SE, Watertown, SD 57201
6058864890
Bob Boes - Reliabank Mortgage - NMLS# 404159
1401 4th St NE, Watertown, SD 57201
6058844445
Edward Jones - Financial Advisor: Allen Fannin
210 5th St SE, Watertown, SD 57201
6058824358
Edward Jones - Financial Advisor: Josh Hanson
23 5th St NE, Watertown, SD 57201
6058827010
Edward Jones - Financial Advisor: Cory Herzog, CFP®|AAMS®
806 10th St SW, Watertown, SD 57201
6058860885
Millennium Financial Services
403 10th St NW, Watertown, SD 57201
6058823680
Farm Credit Services of America
1114 29th St SE, Watertown, SD 57201
6058824030
Mortgage brokers in Watertown South Dakota help home buyers and homeowners find suitable loan products from multiple lenders. South Dakota law requires mortgage brokers to be licensed through the Nationwide Multistate Licensing System (NMLS). Local brokers understand the Watertown real estate market and can guide you through state-specific requirements like South Dakota Codified Law Chapter 54-12 which governs mortgage lending practices.
What Does a Mortgage Broker in Watertown Cost?
Mortgage broker fees in South Dakota typically range from 1% to 2% of the loan amount. For a $200,000 home this means a fee of $2,000 to $4,000. Some brokers charge a flat fee instead, often between $500 and $1,500. You may also pay third-party costs like appraisal fees ($400 to $600) and credit report fees ($30 to $50). South Dakota law requires brokers to disclose all fees in a Loan Estimate within three business days of your application. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a mortgage broker in Watertown do?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan options from various banks and credit unions, and help you complete the application process. In South Dakota brokers must follow state licensing rules and provide a Good Faith Estimate of costs.
Do I need a mortgage broker to buy a home in Watertown?
No, you can apply directly with a bank or credit union. However a broker can compare multiple lenders to find competitive rates and terms. This can be helpful if you have unique financial circumstances or want to save time shopping for loans yourself.
What documents do I need to apply with a Watertown mortgage broker?
Typical documents include recent pay stubs, W-2 forms or tax returns for the last two years, bank statements, and proof of any other assets. You will also need a valid government-issued ID. South Dakota law does not require additional state-specific documents beyond standard federal requirements.
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Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the South Dakota.