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HOME LOANS DESIGNED FOR YOU

At Dakotaland FCU, we know the important role homeownership plays in our members’ long-term financial well-being. That’s why we offer a range of personalized home loan options to help you buy, build, or use your equity to reach your goals.

HOME LOAN BENEFITS

LOWER RATES

Enjoy some of the lowest home loan interest rates in South Dakota.

LOCAL SUPPORt 

Expert in-branch loan officers and financial advisors are with you every step of the way.

VARIOUS OPTIONS

We offer a range of lending tools to help you make the most of your most valuable asset.

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STANDARD FIXED-RATE CONVENTIONAL LOANS

Lock in the long-term value and predictability of traditional fixed-rate loans. Plan your future with confidence.

  • Same payment every month
  • Protection from rising rates
  • Easier budgeting and planning for the future
  • Perfect for those looking to put down roots and build equity over time.
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IN-HOUSE LOANS 

In-House Loans are created and funded locally and kept on our own books rather than being sold on. That lets us build loans tailored to our members’ individual needs.

  • More flexible approval criteria
  • Customized loan terms
  • Local approval and support
  • Good option for self-employed or non-traditional income borrowers
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SOUTH DAKOTA HOUSING LOANS (FIRST-TIME HOME BUYERS) 

Make the leap to homeownership. Now local first-time homebuyers can access low-cost, fixed-rate South Dakota Housing Loans.

  • Low interest rates
  • Flexible terms
  • Income qualifications apply
  • Loan servicing must be transferred to the Idaho Housing Authority.
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HOME EQUITY LINE OF CREDIT (HELOC)

A HELOC lets you turn the equity you hold in your home into a valuable source of funding for home improvements or other priorities.

  • Borrow the money you need as you need it
  • Lower rates than credit cards or personal loans
  • Pay interest only on what you draw
  • Great for ongoing or unpredictable expenses

Learn More

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HOME IMPROVEMENT LOANS 

Borrow the cash you need to invest in upgrades and renovations that increase the value of your home.

  • For indoor and outdoor projects under $35,000
  • Improve your flooring, cabinets, patio deck, or landscaping or complete a bathroom makeover
  • Interest on loans used to renovate your home may be tax deductible**

Learn More

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MORTGAGE REFINANCING 

Is your existing mortgage not making the grade? You can usually get a better deal on your existing home loan by refinancing with Dakotaland FCU. 

  • Refinance at a lower rate to save money on interest
  • Extend your loan terms to lower your monthly payment
  • Shorten your loan term to build equity faster

Learn More

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Build Your Perfect Home

Sometimes the perfect home for you is one that doesn't even exist yet - that's where construction lending comes in. Read up on our advice for financing a home loan.

See the Features

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Make a Payment 

There's no longer a need to visit your local branch. Simplify life by making safe, secure payments from the comfort of your home. 

Make a Payment

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Mortgage rate Relief 

We’re proud to help eligible households access a more affordable path to homeownership. Through the Federal Home Loan Bank of Des Moines Mortgage Rate Relief program, qualified buyers can secure a reduced interest rate on a 30-year fixed conventional mortgage.

Learn More

Calculate Your New Home Loan

Take the first step towards calling a house your home.

Mortgage Loan Calculator

 

Custom Fit Home loan options

We don’t believe in a ‘one size fits all’ approach to home lending. At Dakotaland Federal Credit Union we provide options which give us the ability to custom fit your mortgage to your life. Don’t settle for less, when we can offer more.

A mortgage that comes with a fixed rate interest rate that will not change for the life of the loan. May feature lower interest rates than other loans.

A mortgage that is underwritten solely by the credit union and generally features less fees and more flexible requirements than a Standard Fixed Rate Conventional Loan.

This program provides low, fixed rate mortgage loans for home buyers purchasing their first home. Income qualifications apply and servicing of these loans must be transferred to Idaho Housing Authority.

A type of loan used to buy a vacant lot or land to eventually build a home on.

A loan to finance the purchase or refinance of a titled manufactured/mobile home.

Rewriting and changing the terms (interest rate/payment/term/loan amount) of your existing mortgage.

Learn More About Home Refinances


This program is used in combination with other loan programs to allow home buyers to financed 100% of the purchase price. Borrowers are subject to certain qualifications.

The Federal Housing Administration guarantees the repayment of the loan to the lender in the event the buyer cannot pay it back. VA will guarantee it for veterans and active military. Servicing is transferred.

Learn More About FHA Loans


Loans for properties that will not be owner occupied.

A loan taken out in order to update, remodel or improve your home.

A loan similar to a credit card that uses the equity in the members' home as collateral, giving them access to cash to improve their homes, consolidate debt or other needs that arise. This loan comes in two options of a fixed rate of interest with a short term or an adjustable rate over a longer term.

Learn More About HELOC


A temporary, 12 month loan used to 'bridge' the gap between buying a new home, while selling a current home. This loan allows the member to utilize the equity in a current home until it is sold.

The Dakotaland Real Estate Lending Team also has additional programs and grants available to fit your specialized needs. Keep in mind, from application to final payment, Dakotaland is committed to ensuring you have the best member experience.

Buying a House - Education

Mortgage minute

Mortgage Rate Relief - Homeownership Just Got More Affordable!

Mortgage Rate Relief - Homeownership Just Got More Affordable!

Read
Five Fun Facts: Why Buying Early in the Year is a Smart Move

Five Fun Facts: Why Buying Early in the Year is a Smart Move

Read
The Truth About 6 Common Mortgage Myths

The Truth About 6 Common Mortgage Myths

Read

Construction Corner

How to Build Within Budget

How to Build Within Budget

Read
5 Reasons Why Our Automation Simplifies Even the Most Complicated Construction Projects

5 Reasons Why Our Automation Simplifies Even the Most Complicated Construction Projects

Read
Home Improvement Projects that Pay You Back

Home Improvement Projects that Pay You Back

Read

meet our team

Let our local staff help you make a house your home

Melinda Riley

Melinda Riley

Mortgage Loan Officer

605-412-2889
Aberdeen Branch
NMLS# 485330

Meet Melinda
Danielle Engels

Danielle Engels

Mortgage Loan Officer

605-412-2417
Brookings Branch
NMLS# 1619449

Meet Danielle
Mackenzie Hojer

Mackenzie Hojer

Mortgage Loan Officer

605-412–2246
Brookings Branch
NMLS# 2678293

Meet Mackenzie
Crystal Hofer

Crystal Hofer

Mortgage Loan Officer

605-412-2890
Huron Main Branch
NMLS# 1864180

Meet Crystal
Jennifer Isaacson

Jennifer Isaacson

Mortgage Loan Officer

605-412-2416
Huron Main Branch
NMLS# 2590133

Meet Jennifer
Tom Myers

Tom Myers

Mortgage Loan Officer

605-412-8382
Huron Main Branch
NMLS# 1613007

Meet Tom
Mackenzie Hojer

Mackenzie Hojer

Mortgage Loan Officer

605-412–2246
Madison Branch
NMLS# 2678293

Meet Mackenzie
Lane Kessler

Lane Kessler

Mortgage Loan Officer

605-453-2590
Mitchell Branch
NMLS# 2369409

Meet Lane
Serena Boerger

Serena Boerger

Mortgage Loan Officer

605-412-2258
Watertown Branch
NMLS# 2276689

Meet Serena

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