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    FHA Home Loans

    There is no feeling quite like the comfort and peace of mind that comes with owning your own home. Returning to your sanctuary after a long and challenging day at work is truly priceless.

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    RATES AS LOW AS

    5.500%

    30 Year Fixed

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

    FHA Home Loans

    Lack of down-payment funds or an imperfect credit score don’t need to keep you from buying a home. Get mortgage funding for low to moderate earners. Minimal down payment required, competitively low-interest rates.

    A GOOD FIT IF...

    • You are unable to qualify for a conventional loan, or
    • You're working on improving your credit, or
    • You're looking to purchase a 2-4 unit property and it is your primary residence (a lower down payment allows for a higher debt-to-income ratio)
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    *The $933 credit is based on the member’s First Time Homebuyer program eligibility. If a member qualifies, Levo will grant a .0025 credit of the loan amount up to $373,450. All federal, state, and local taxes and other closing costs are the member’s sole responsibility. Equal Housing Lender. NMLS 441310

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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.

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    Are you a recent graduate?

    The 'Grants for Grads' homeownership program provides five percent of the loan amount as a grant to be used for downpayment and/or closing cost assistance when recent graduates wish to purchase their first home in South Dakota. Recent graduates must have graduated within the last 60 months and be eligible for the First-Time Homebuyer program. Ask for details!

    We're Ready When You Are

    Meet The Team

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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: May 20, 2024 3:29:53 PM
    Mortgage Type Rate APR*
    30 YEAR FIXED RATE 6.625% 6.806%
    20 YEAR FIXED RATE 6.875% 7.115%
    15 YEAR FIXED RATE 6.500% 6.796%
    10 YEAR FIXED RATE 6.500% 6.916%
    7/1 ARM 6.875% 6.999%
    10/1 ARM 6.875% 6.999%
    SOUTH DAKOTA HOUSING 30 YEAR FHA 5.625% 6.034%
    SOUTH DAKOTA HOUSING 30 YEAR FHA FIXED RATE PLUS 6.125% 6.547%
    FHA 30 YEAR FIXED RATE 6.000% 6.404%
    VA 30 YEAR FIXED RATE 5.990% 6.415%

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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

    Ready to get started?

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    Equal Housing Lender

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    Routing Number: 291479974

    NMLS: 441310

    If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 1-800-568-5711 for assistance. All products and services available on this website are available at all Levo Credit Union branch locations.

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