The most popular loan program.  Term is for 30 years.  The principal and interest payment is fixed for 30 years.  No pre payment penalty.

Fixed rate program that allows for fixed prinicpal and interest payments for 15 years.  No pre payment penalty.

HUD insured home mortgage program that offers low down payments as well as reduced monthly mortgage insurance payments. 

Program available for eligible veteran's.  This program allows for no down payment and no mortgage insurance. Certain guidelines do apply, so contact a Mortgage Loan officer about details of this program.

Program that allows the buyer of rural property the opportunity  for zero down payment and no mortgage insurance.  Income and property guidelines apply.  Please see a Mortgage Loan Officer for more details.  This program can be used with the first time homebuyer program to get the lowest possible interest rate. In 2006, CU Mortgage Direct, LLC received the $5,000,000 award as 1 of 6 South Dakota top RD/USDA Lenders.

South Dakota's first time home buyer program.  Can be used in conjunction with Conventional, FHA, VA, or RD/USDA program guidelines.  This program offers qualified home buyers the opportunity for an interest rate of 4.375% for a "Step Rate" or 5.375% for a "Fixed Rate" program. This can be used for existing homes as well as new construction homes. Other SDHDA programs are available and certain income guidelines apply. Please ask a Mortgage Loan Officer for additional information.

These loan programs are designed for "non conforming" borrower or property types.  There are many programs that we underwrite ourselves and we can help the most difficult situations. Programs include Fixed rates and Adjustable rates.  Talk to a Mortgage Loan Officer about our sub prime loan programs.