Current Rates

 Current Rates
As of 4/13/16

 For Deposit and Home Purchase Rates, please call (605) 934-2500 or (800) 214-8410.

Community Home Improvement Program (CHIP)1
Interest Rate
$15,000 Loan APR
$25,000 Loan APR
1.90%1.90%22.106%5
3.90%3.90%34.114%6
5.90%5.90%46.122%7
 Mortgage applicants must be over the age of 18 and reside in South Dakota, southwest Minnesota, northwest Iowa or northeast Nebraska. If you reside outside of this area, the approval process will begin with our evaluation of whether we can adequately service your lending needs.  Rates are subject to change without notice. Loan pricing may only be locked through a loan officer to be effective. All loans subject to credit approval.

1 Annual Percentage Rates (APR) depend on income and county of residence. Rates range from 1.9% APR to 5.9% APR. This program is offered in partnership with the South Dakota Housing Development Authority. Loan must meet standard Lender underwriting guidelines and is subject to approval. Properties must be owner-occupied, single-family and located in South Dakota. Other conditions may apply. Loan subject to credit approval.  

Interest rate and Annual Percentage Rate (APR) as of 4/13/16, based on 10-year fixed rate loan for $15,000, no origination fee  and 120 monthly payments of $137.35. Closing costs apply and include a $30 recording fee, up to $350 title insurance, $22.99 for a joint credit report, $12 for flood determination and $25 for flood monitoring. Payments do not include taxes and insurance. Actual payment obligation will be greater. Rates and terms subject to change without notice. Loan subject to credit approval.

Interest rate and Annual Percentage Rate (APR) as of 4/13/16, based on 10-year fixed rate loan for $15,000, no origination fee  and 120 monthly payments of $151.16. Closing costs apply and include a $30 recording fee, up to $350 title insurance, $22.99 for a joint credit report, $12 for flood determination and $25 for flood monitoring. Payments do not include taxes and insurance. Actual payment obligation will be greater. Rates and terms subject to change without notice. Loan subject to credit approval.  

Interest rate and Annual Percentage Rate (APR) as of 4/13/16, based on 10-year fixed rate loan for $15,000, no origination fee  and 120 monthly payments of $165.78. Closing costs apply and include a $30 recording fee, up to $350 title insurance, $22.99 for a joint credit report, $12 for flood determination and $25 for flood monitoring. Payments do not include taxes and insurance. Actual payment obligation will be greater. Rates and terms subject to change without notice. Loan subject to credit approval.  

Interest rate and Annual Percentage Rate (APR) as of 4/13/16, based on 10-year fixed rate loan for $25,000, no origination fee  and 120 monthly payments of $228.92. Closing costs apply and include a $30 recording fee, up to $350 title insurance, $22.99 for a joint credit report, $12 for flood determination and $25 for flood monitoring. Payments do not include taxes and insurance. Actual payment obligation will be greater. Rates and terms subject to change without notice. Loan subject to credit approval.  

Interest rate and Annual Percentage Rate (APR) as of 4/13/16, based on 10-year fixed rate loan for $25,000, no origination fee  and 120 monthly payments of $251.93. Closing costs apply and include a $30 recording fee, up to $350 title insurance, $22.99 for a joint credit report, $12 for flood determination and $25 for flood monitoring. Payments do not include taxes and insurance. Actual payment obligation will be greater. Rates and terms subject to change without notice. Loan subject to credit approval.

 Interest rate and Annual Percentage Rate (APR) as of 4/13/16, based on 10-year fixed rate loan for $25,000, no origination fee  and 120 monthly payments of $276.30. Closing costs apply and include a $30 recording fee, up to $350 title insurance, $22.99 for a joint credit report, $12 for flood determination and $25 for flood monitoring. Payments do not include taxes and insurance. Actual payment obligation will be greater. Rates and terms subject to change without notice. Loan subject to credit approval.