Consumer’s Federal Credit Union

Why Choose a Home Loan from CFCU?

Since 1977, we’ve been proud to serve the people of South Dakota, and our experienced mortgage team is here to guide you through every step of the home loan process, from pre-approval to closing.

With a focus on transparency, low fees, and exceptional customer service, we ensure that your experience with us is positive and stress-free.

  • Competitive mortgage rates and low fees
  • Simple application process
  • Loan options to meet your needs
Industries experience

Fixed-Rate Mortgages

  • Stable monthly payments for the life of your loan
  • Low fixed interest rates
  • Long-term stability and predictability
  • Choose from 10, 15, 20, or 30-year terms

Adjustable-Rate Mortgages (ARMs)

  • Lower initial rates than fixed-rate mortgages
  • Rate adjustments after a set period
  • Ideal for buyers who plan to move or refinance within a few years
  • Flexible loan terms for your needs

First-Time Homebuyer Loans

  • Lower down payments
  • Flexible credit score requirements
  • Guidance and support through the entire process
  • Affordable mortgage rates

Home Equity Loans and Lines of Credit (HELOC)

  • Fixed-rate home equity loans
  • Variable-rate HELOCs for ongoing access to funds
  • Use your home’s equity for major expenses
  • Low rates and flexible terms

Clear, Competitive Rates with No Hidden Fees.

At Consumer’s Federal Credit Union, we offer competitive mortgage rates designed to keep your monthly payments manageable.

Whether you’re purchasing your first home or refinancing, our rates help you save money in the long run.

Credit Score APR*
New Auto (2022 & Newer)		 APR*
Used Auto (2021-2017)		 APR*
Used Auto (2016 & Older)
750+ 6.25% 6.45% 7.25%
749-700 6.75% 7.00% 7.75%
699-650 9.50% 9.75% 10.50%
649-600 11.50% 12.00% 12.50%
599 & Under 12.75% 13.25% 13.50%

Loan Fees: $50.00/ Manager has right of say over all printed material. May need co-signer. *Annual Percentage Rate

Approved by the Board of Directors on 11/21/2024.

How to Apply for a Home Loan.

Applying for a home loan with Consumer’s Federal Credit Union is simple. Our online application is easy to complete, and our mortgage specialists are available to walk you through each step of the process. Here’s how it works:

  • Pre-Approval Process – Before you start shopping for a home, get pre-approved for a mortgage. This helps you understand how much you can afford and shows sellers that you’re a serious buyer.
  • Choose the Right Loan – Talk with one of our mortgage specialists to determine which home loan option is best for you, whether it’s a fixed-rate mortgage, an ARM, or a home equity loan.
  • Complete the Application – Once you’ve chosen your loan, fill out our simple online application. You’ll need to provide information about your income, credit history, and the property you’re buying or refinancing.
  • Loan Processing and Approval – After submitting your application, we’ll review it and get back to you quickly with a decision. If approved, we’ll work with you to finalize your loan terms and get your funds ready for closing.

  • Close on Your Home Loan – Once your loan is approved, we’ll schedule a closing, where you’ll sign the final paperwork and officially secure your home loan.

Get a personal consultation.

Office

301 W Hwy 18 Gregory, SD 57533

Contact

info@consumersfcu.coop

Open Hours

Monday – Friday

  • Lobby: 9:00 AM – 4:00 PM

  • Drive-Thru: 8:00 AM – 5:00 PM

Saturday

  • Lobby: Closed

  • Drive-Thru: 9:00 AM – 12:00 PM

*Closed for Federal Holidays