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ARM Home Loans

Do you feel unsure about your future plans? Are you thinking about moving or buying your first home? If you're not planning on staying for too long, you might want to consider buying a home with an Adjustable Rate Mortgage (ARM) and selling it before the fixed-rate period ends. This can help lower your mortgage payment and make things more manageable for you.

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APR* AS LOW AS

8.50%

30 Year Fixed

Mortgage underwriting? Local. – Fees? Low as can be.

ARM (Adjustable Rate Mortgage) Home Loans

An adjustable-rate mortgage (ARM), also known as a variable-rate mortgage, is a dynamic home loan that allows your interest rate to adapt based on market fluctuations. With an ARM, you can enjoy a lower initial interest rate compared to fixed-rate mortgages, making it an exceptional choice if your priority is to secure the most competitive mortgage rate from the start.

A GOOD FIT IF...

  • You plan on moving or selling your home within five years, or before the adjustment period of the loan, or
  • Initial monthly payments can be lower
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LOW FEES

Levo Credit Union keeps the fees associated with financing a home sensible and minimal. Our origination fee is just 0.75% of the loan amount.

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Speedy Decisions

We don’t leave you hanging on our prequalification decisions—you know your approval status when you meet with your loan officer.

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LOCAL UNDERWRITING

Our local team features an underwriting pro who can make the qualification process smooth, simple and speedy.

We're Ready When You Are

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Current Home Loan Interest Rates

Mediocre mortgages are a dime a dozen. That’s why Levo flips the script—we have local underwriting, speedy qualification decisions and minimal fees and interest rates. Let’s talk about what the Levo mortgage team can do for your home purchasing goals.

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Last Updated: Feb 27, 2024 6:55:28 PM
Mortgage Type Rate APR*
30 YEAR FIXED RATE 6.500% 6.632%
20 YEAR FIXED RATE 6.625% 6.800
15 YEAR FIXED RATE 6.375% 6.591%
10 YEAR FIXED RATE 6.% 6.429%
7/1 ARM 8.500% 8.637%
10/1 ARM 9.000% 9.141%
SOUTH DAKOTA HOUSING 30 YEAR FHA 5.625% 5.750%
SOUTH DAKOTA HOUSING 30 YEAR FHA FIXED RATE PLUS 6.125% 6.254%
FHA 30 YEAR FIXED RATE 6.125% 6.412%
VA 30 YEAR FIXED RATE 6.124% 6.553%

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*APR – Annual Percentage Rate. Your loan interest APR will be determined by your credit score. The numbered tiers shown represent credit score ranges as follows: 1= 720+, 2= 680-719, 3= 679 or lower. The specific rate will be set at the time of loan application review. Variable rates are subject to change at the end of each calendar quarter and shall not exceed 18.00% APR. First Mortgage and Construction Loans are subject to an origination fee of 0.75% or $1,000.

Calculate Your Mortgage

 

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Routing Number: 291479974
NMLS: 441310
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