Loading ... Current Rates
Effective as of 5/15/2013
For Deposit and First-time Home Purchase Rates,
please call (605) 934-2500 or (800) 214-8410.
| Type of Loan | Interest Rate | APR |
| Conventional 30-year Fixed1 | 3.75 | 3.832 |
| Conventional 15-year Fixed2 | 3.00 | 3.144 |
| Home Equity Line of Credit (HELOC)3 | 4.25 | 4.25 |
| Community Home Improvement Program (CHIP)4 | 1.90, 3.90 or 5.90 | 1.90, 3.90 or 5.90 |
Annual Percentage Rates (APRs) shown are effective for the date shown above. Rates are subject to change without notice.
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.
1 Interest rate and Annual Percentage Rate (APR) as of 5/15/13, based on 30-year fixed rate loan for $80,000, 1% origination fee, 15 days interest, 20% down payment and 360 monthly payments of $370.49. Closing costs apply. 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.
2 Interest rate and Annual Percentage Rate (APR) as of 5/15/13, based on 15-year fixed rate loan for $80,000, 1% origination fee, 15 days interest, 20% down payment and 180 monthly payments of $552.47. Closing costs apply. 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.
3 Variable rate of interest. Maximum Annual Percentage Rate (APR) is 4% above the base rate. Interest rate is adjusted annually. Other conditions may apply. Closing fee of up to $350 for title work. The minimum payment may not fully repay the principal balance outstanding on the loan account. At maturity, the entire outstanding loan balance may need to be repaid in a single payment.
4 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.