Home Federal Honored By South Dakota Housing Authority.
Home Federal was recognized as one of the top five lenders in the state by the South Dakota Housing Development Authority (SDHDA) at the SDHDA Annual Housing Conference. This recognition program is designed to honor the top producing lenders in the state who offer the SDHDA First-time Homebuyer program and are strong supporters of affordable housing in the communities they serve. This is the second year of the recognition program and Home Federal's second year honored as a top five lender. Thank you to the SDHDA for this special recognition!
Mortgage Programs
Home Federal’s smart, friendly mortgage advisors will guide you through the home buying process. Rely on us for fast, honest answers and loan options to fit any life stage. We can help make your dreams come true. To get started today, call us, stop in, or visit QuickClick, our online mortgage resource at homefederal.com.
First Time Homebuyer
The South Dakota Housing Development Authority (SDHDA) makes buying your first home in South Dakota more affordable. These below market loans offer a low, fixed interest rate and cash assistance for a down payment.
Available on:
Conventional Loans - Available on a variety of terms
FHA Loans - Federal Housing Administration
VA Loans - Veteran’s Administration loans are available for people associated with qualifying military branches.
Rural Development Loans
Cash assistance is periodically available for first-time or low income homebuyers in certain communities through special grants awarded to Home Federal. Ask us about special grant funds.
Fixed Rate Mortgages
Enjoy fixed principal and interest payments for a defined term, making it easier for budgeting. Choose from:
Conventional Loans - Available on a variety of terms
FHA Loans - Federal Housing Administration
VA Loans - Veteran’s Administration loans are available for people associated with qualifying military branches.
Rural Development Loans
Construction Loans
When you build a new home, Home Federal has several options for construction loans. Visit with a member of our construction team. We offer short-term temporary financing solutions and can assist with construction costs during your building process.
Other Programs Home Federal also has other home loan options and customized programs available to you. Contact one of our home loan specialists for details.
12-Month Mortgage Rate Lock
Get pre-approved and lock in today’s rate – with no up front fee! This program is smart if you’re buying or building within the next 12 months. If rates go up between now and your closing date, you keep the low, locked rate. If they go down, simply re-lock within 60 days of closing and get the lower rate.
Available on a variety of mortgage programs - See one of our home mortgage advisors for details.
Equal Housing Lender.