Mortgage

Mortgage – On the Move?

Since 1885, we have been committed to helping our customers and the communities we serve. As one of the oldest and largest independent financial institutions in South Dakota, we provide professional advice and loyalty that has met the test of time. Our experienced mortgage bankers have local expertise and will help you find a home loan tailored to your individual needs.


Buying a Home

Buying


Building a Home

Building


Refinancing a Home

Refinancing

Types of Loans

Conventional Fixed-Rate Loans

  • Choose from a variety of terms
  • Consistent interest rate
  • Consistent monthly payment

Conventional Balloon Loans

  • Ideal for buyers who expect a significant income increase
  • Ideal for buyers who plan to resell after a short time
  • Consistent monthly payments + large lump sum payment at maturity

Federal Housing Authority (FHA) Loans

  • Smaller down payment
  • Choose from a variety of loan products
  • Insured by the Federal Housing Authority
  • Borrower pays mortgage insurance
  • Sellers can contribute to closing costs

    • SD Housing Development Authority (SDHDA) First-Time Home Buyers Program

    • Below market fixed-rate loans
    • Provides cash assistance to home buyers purchasing a residence in South Dakota
    • Maximum income limits
    • Maximum purchase price limits