Mortgage Products

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On-line Mortgage Application

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Conventional Loan

  • Member must contribute 5% of the purchase price in the form of closing costs, prepaids and down payment.
  • Member can avoid mortgage insurance (PMI) and escrow own taxes and insurance by putting 20% down.
  • Competitive rates and flexible terms.
  • Member and property must qualify under FANNIE MAE guidelines.
  • 1 to 4 unit Investment properties are eligible with as little as 20 % down (depending on number of units). Refinance loans are also available (95% of appraisal on no cash-out, 80% cash-out).

Rural Development Loan

Finance up to 100% of the purchase price and in some cases up to 100% of the appraised value!

  • Loan is guaranteed by the USDA/Rural Housing Service.
  • Member must qualify under Rural Housing guidelines.
  • Decisions are made locally.
  • One unit owner occupied properties.

FHA Loan

An FHA loan features a low down payment and flexible terms

  • 3.5% cash investment requirement.
  • 1 to 4 unit properties are eligible (primary residence).
  • Loan is insured by HUD/FHA.
  • Decisions are made locally.
  • Refinance transactions are available

VA Loan

Finance up to 100% of the purchase!

  • Eligible Veterans are able to take advantage of this program.
  • Purchase and refinance transactions are available.
  • 1 to 4 Unit properties are eligible. (primary residence)
  • Decisions are made locally.

ND Housing Program (First Time Home Buyers or Roots)

Program can be utilized in conjunction with loan types above and provides a below market interest rate!

  • Guidelines are set by the North Dakota Housing Finance Agency. For more information, please see your loan officer.
  • Down payment and closing cost assistance is available to qualified members.
  • One to Four unit properties (primary residence) are eligible.