Skip to the main content

Custom Fit Mortgage

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.

Apply Now

Home Loan Options

The right mortgage can make all the difference. That's why you should talk to our Mortgage Lending Team before financing your home. All of your payments & questions will be handled by our office, locally with someone you know. 

Some Options Include: 

Standard Fixed Rate Conventional Loans

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.

In-House Loans

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

South Dakota Housing Loans (First Time Home Buyers)

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

Building Site Loans

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

Manufactured Homes

A loan to finance the purchase or refinance of a titled Manufactured/Mobile Home.

Home Refinances

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

USDA Rural Development

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

FHA/VA Guarantee Loans (Partnership with Servion Mortgage)

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 if for Veterans and Active Military. Servicing is transferred.

Rental Loans

Loans for properties that will not be owner occupied.

Home Improvement Loans

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

Home Equity Lines of Credit

A loan similar to a credit card that used the equity in the members’ home as collateral, giving them access to cash to improve their homes, consolidated 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.

Bridge Loan

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

The Dakotaland Real Estate Lending Team also has additional programs and grants available that may fit your specialized needs. At Dakotaland all loans are kept local from application to final payment, unless otherwise noted. Keep your loan local!

Contact US

Have more questions regarding Home Loan Options? Let us know!