Home Equity Loans
Whether you’re looking to make home improvements, consolidate debt, pay for education, or something else, you may be able to use your home’s equity to make it happen.
How could a home equity loan benefit you?
Home Equity Loan
With a home equity loan, the loan amount is based on your home’s equity (value of your home minus the amount you owe on the home).
- Funds are provided to you as one lump sum
- Fixed rate with a fixed monthly payment
- A variety of terms and payment options are available
- Loan is taken out in addition to your home mortgage, and is considered a second mortgage
- Interest may be tax deductible (consult your tax advisor)
CHIP Loan
The Community Home Improvement Program (CHIP) provides funds for low-to-moderate-income South Dakotans to remodel, repair and improve their homes.
- Reduced rates
- No equity required
- Income limits apply
- Funds are disbursed as monitored advances
We're Here to Help
Our team of mortgage professionals can help evaluate your needs and options, ensuring we provide the best solution for you.
Our Rates
Contact one of our mortgage lenders or call 800-253-0362.
More on CHIP Loans
Looking for more information about CHIP Home Improvement Loans? We've got you covered.
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Disclosure All loans are subject to credit approval.