Mortgage Rates

1st Mortgage

Please call for todays rates: 605 716 4444

Home Equity / 2nd Mortgage

These rates are effective as of October 27, 2014. Rates are based on a 45 day lock-in period and are subject to change without notice.

Type of Loan Terms A Rate APR B Rate APR C Rate APR D Rate APR E Rate APR
730+ 680-729 640-679 600-639 599-Below
APR APR APR APR APR
Variable/Line of Credit* Rates May Change Quarterly Wall Street Prime plus 0.0% Wall Street Prime plus 0.5% Wall Street Prime plus 1.5% Wall Street Prime plus 3.5% Wall Street Prime plus 6%
Fixed* 1 - 5 years 4.45% 4.95% 5.95% 7.95% 10.45%
6 - 10 years 5.45% 5.95% 6.95% 8.95% 11.45%
11 - 15 years 5.95% 6.45% 7.45% 9.45% 11.95%
Balloon*            
Up to 15 yr amortization 5 years 4.99% 5.49% 6.49% 8.49% 10.99%
Up to 20 yr amortization 5 years 4.99% 5.49% 6.49% 8.49% 10.99%
Up to 30 yr amortization 5 years 6.000% 6.5% 7.5% 9.5% 12%
*Interest rates increase 1% if LTV is greater than 90% based on the appraisal of the property.

Land / Lot

These rates are effective as of October 27, 2014. Rates are based on a 45 day lock-in period and are subject to change without notice.

Type of Loan Terms A Rate APR B Rate APR C Rate APR D Rate APR E Rate APR
730+ 680-729 640-679 600-639 599-Below
Rate APR Rate APR Rate APR Rate APR Rate APR
  5 years 7.50% 8.219% 8% 8.722% 9% 9.729% 11% 11.744% 13.5% 14.262%
  10 years 7.75% 8.14% 8.25% 8.644% 9.25% 9.651% 11.25% 11.667% 13.75% 14.189%
  15 years 8.00% 8.282% 8.5% 8.787% 9.5% 9.795% 11.5% 11.814% 14% 14.339%
The APR calculation is based on a $100,000 loan amount for a fixed loan with a 1% origination and the maximum term allowable. This is assuming 20% down or a 80% loan-to-value with no PMI insurance.

Construction

These rates are effective as of October 27, 2014. Rates are based on a 45 day lock-in period and are subject to change without notice.

Type of Loan Terms A Rate APR B Rate APR C Rate APR D Rate APR E Rate APR
730+ 680-729 640-679 600-639 599-Below
Rate APR Rate APR Rate APR Rate APR Rate APR
  12 Months 5.25% 8.059% 5.75% 8.565% 6.75% 9.577% 8.75% 11.601% 11.25% 17.673%
The APR calculation is based on a $100,000 loan amount for a fixed loan with a 1% origination and the maximum term allowable. This is assuming 20% down or a 80% loan-to-value with no PMI insurance.