If you’re interested in purchasing a new home, we invite you to contact our partners at CU Mortgage Direct, LLC. More information provided below.
Mortgage Loans
Bluestone FCU (NMLS# 619042) can help you build a new home, purchase a new home, or refinance an existing one.
Bluestone FCU (NMLS# 619042) can help you build a new home, purchase a new home, or refinance an existing one. We can also help you use the equity you’ve built up in your home to finance those important things like your child’s college education, home improvements, or a family vacation. You can even use the equity in your home to consolidate all those high interest credit card bills! All property must be in the state of South Dakota.
Meeting your mortgage needs is so important to Bluestone Federal Credit Union that we created a subsidiary to concentrate on nothing else but simplifying the process for you, our member. CU Mortgage Direct, LLC, offers the
following mortgage services:
Conventional
FHA
VA
USDA Rural Development
South Dakota Housing Development Authority (SDHDA)
Second Homes
Vacation Homes
Investment Property
Click the logo to be directed to www.cumortgagedirect.com!
There are two types of home equity debt: home equity loans and home equity lines of credit, also known as HELOC. They are both commonly referred to as a second mortgage.
A home equity loan may be an excellent way to utilize the equity in your home for a variety of reasons. It may be utilized to finance:
- Debt Consolidation
- Medical Expenses
- Educational Expenses
- Home Improvements
If you would like to be contacted about a HELOC, please complete this online form or call us at (605)367-7070.
If you would like to be contacted about other options for home equity or have general questions, please fill out this contact form, or give us a call!
Bluestone Federal Credit Union wants to help you build the house of your dreams. With a low rate construction loan, members are given greater insight into the building of their new home. Plus, you’ll pay less fees!
For more information or to make an online construction draw request, click here.
A land loan allows you to purchase a lot and secure land before you ever begin to think about the construction of your new home. Property must be located in the state of South Dakota.
For more information, contact our Mortgage Loan Officer, Debbie Dixon, by calling (605)275-1705.
A home improvement loan allows you to increase the value in your home by financing updates and upgrades. You can use a home improvement loan to add square footage, update flooring or countertops, install energy-saving enhancements, and more.
Related Products
Disclosures
Percentages shown for Rates are the current Annual Percentage Rate (APR) for 4 star credit based on the shortest loan term offered with the exception of Personal/Lifestyle Loans which shows 3 star credit for the shortest term offered (12 months). Mortgage loan terms offered from 5 to 30 years; vehicle loan terms offered from 12-84 months; personal loan terms offered from 12-60 months; boat and RV loan terms offered from 12-180 months. Different loan types offer different loan terms. Not all applicants will qualify for rates shown or credit approval. All loans are subject to credit approval. Must be eligible for membership with Bluestone Federal Credit Union. Check eligibility here https://www.bluestonefcu.org/join-us/ Other loan requirements and stipulations may also be required. Rate discounts may apply based on type of loan, membership points redemption, collateral, etc. Additional fees and/or down payment may apply based on amount and type of loan. Breakdown of mortgage estimated fees: Document prep: $172.00; Appraisal : $600.00 plus mileage; AVM $25.00; Title insurance: varies with the amount of the loan (example: $50,000 would be approx. $550.00); Mortgage recording : $30.00; Prepaid satisfaction: $30.00; Individual credit report: $7.00; Flood certification: $14.00.
Lender: Bluestone Federal Credit Union, 5010 S Solberg Ave, Sioux Falls, SD 57108. 605-367-7070.
Equal housing lender https://www.hud.gov/fairhousing
Deposits insured by https://ncua.gov/
Member https://www.americascreditunions.org/
Balloon Loan Mortgage Disclosure 05/08/25
Different loan types offer different loan terms. Not all applicants will qualify for rates shown or credit approval. All loans are subject to credit approval. Must be eligible for membership with Bluestone Federal Credit Union. Check eligibility here https://www.bluestonefcu.org/join-us/ Other loan requirements and stipulations may also be required. Rate displayed on a Balloon Loan Mortgage and based on borrowers with an Equifax credit score of 750+, primary residence collateral LTV< 80%. Balloon loan fixed rate payments for 5 years, with a 15year amortization MAX on 2nd place lien position. $50,000 loan value with fixed rate payments of approx. $428.88 per month for 60 months, approx. final payment amount of $38,612.48. Monthly approx. payment and final approx. payment amount based on following exact repayment terms as outlined. Owner occupied properties only and < 40 acres zoned properly. $100 minimum payment and no negative amortization. Appraisal required for New Loans.
Additional fees and/or down payment may apply based on amount and type of loan. Breakdown of mortgage estimated fees: Document prep: $172.00; Appraisal: $600.00 plus mileage; AVM $25.00; Title insurance: varies with the amount of the loan (example: $50,000 would be approx. $550.00); Mortgage recording: $30.00; Prepaid satisfaction: $30.00; Individual credit report: $7.00; Flood certification: $14.00.
Lender: Bluestone Federal Credit Union, 5010 S Solberg Ave, Sioux Falls, SD 57108. 605-367-7070.
NMLS# 619042
Equal housing lender https://www.hud.gov/fairhousing
Deposits insured by https://ncua.gov/
Member https://www.americascreditunions.org/