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

At Dakotaland all loans are kept local from Application to Final Payment (unless noted otherwise)

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. Terms range from 10-30 years and may feature lower interest rates than other loans.

In-House 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.

Construction Loans
A short term, interim loan to pay for the building of a house or large-scale home improvements.

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, and 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 is 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. Ask about our Home Improvement Special!

Home Equity Lines of Credit
A loan similar to a credit card that uses the equity in your home as collateral; gives you access to cash to improve your home, consolidate debt, or any other need that arises.

The Dakotaland Real Estate Lending Team also has additional programs and grants available that may fit your specialized needs.

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