Life Improved.

You have plans. You have goals. You’ve built equity in your home – so put your muscle to work and let us worry about the rest. Utilize your home's equity to implement your needs or dreams.

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Low Fees, Low Interest

Sioux Falls Fed keeps the fees associated with financing a home sensible and minimal. Our origination fee is just 0.75% of the loan amount.

Speedy Decisions

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

Local Underwriting

Our local team features an underwriting pro who can make the qualification process smooth, simple and speedy. Plus, all loans stay in-house. They are not sold.

Loans for the way you live

Lump Sum vs. Line of Credit

Home Equity Loan
Home Equity Line of Credit (HELOC)

A home equity loan is a type of loan in which the borrower uses the equity of his or her home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution.

Home equity loans have a fixed rate
Potential to borrow up to 90% CLTV
Can be used for:
- Home Improvements
- Emergency Funds
- Travel Expenses
- Consolidate Debt
- Potentially Deduct the Interest on Your Taxes (consult your tax adviser)

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A home equity line of credit, or HELOC, is a loan in which the lender agrees to lend a maximum amount within an agreed period, where the collateral is the borrower's equity in their house.

Home Equity Line of Credit (HELOC) is a variable rate line of credit
Can be in place as a reserve to use if need be
Perfect for home improvements where you choose to draw funds as needed

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I'm ready when you are!

Nicole Taubert

Home Equity Originator
Branch: Downtown

Reading Material

Further Insights on Home Equity

How to Build and Use Home Equity

While the word “equity” probably elicits some positive vibes, how much do you know about it when it comes to your home? The truth is, it’s a status that can give you some buying power when it comes to home improvements and a lot of other financially demanding endeavors. Read More

5 Housing Design Trends to Pay Attention To

So you’ve decided to embark on a home-building project… Whether it’s your first time pursuing home construction or you’ve been around the block before, paying attention to the latest trends can help you in the long run with resale value and overall quality of life. Read More

5 Great Reasons to Consider a Home-Equity Loan

When you pay your mortgage every month, it can feel good to be putting your money toward a true investment. But as your repayment plan moves forward, your equity also grows—and this can be a valuable tool when used properly. Read More

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