MORTGAGE LOANS
One of the most important purchases you will ever make will be the purchase of your home. We offer a number of financing options to assist you in purchasing your dream home. For more information on how Bank 360 can help you finance your home, please contact one of our loan officers at loan@bank360online.com


FIXED RATE LOANS
A conventional mortgage loan has an interest rate that does not change over the life of the loan. As a result, each payment remains essentially the same each month, with only minimal changes possible each year due to varying costs for property taxes or homeowners insurance.


If you obtain a conventional loan you may make down payments as low as 5% when Private Mortgage Insurance is obtained.

SDHDA (First Time Home Buyer)

• Income limitations apply
• Property purchase price limits apply
• No down payment with loan guaranteed by RECD
• 3% down payment with PMI Insurance
• Variable term up to 30 years
• Step-up rate program is also available
• Call for current rates

CONSTRUCTION LOANS
At Bank 360 we are committed to getting you into that new home. We offer a Construction Loan to get you started with the house of your dreams. Also ask about our Interim Construction Loan.

ADJUSTABLE RATE MORTGAGE (ARM)
An ARM can offer tremendous flexibility and interest rate advantages.

HOME EQUITY LINE OF CREDIT
Your residence may have increased in value over the years through home improvements or improved market values. If so, you may be eligible to take advantage of First Federal's Home Equity Line of Credit.

WHAT IS A HOME EQUITY LINE?
It is a convenient, flexible way to write yourself a loan. You apply for the desired amount based on the equity that you have in your home. Then, when you have a need for cash or have expenses, you simply write a check. Payments are based only on outstanding balances.

WHO CAN OBTAIN A HOME EQUITY LINE OF CREDIT?
All homeowners may be eligible for a Home Equity Line, depending on the equity you have in your home. You can have a Bank 360 Home Equity Line even if your mortgage is with another bank.

WHY SHOULD I HAVE A HOME EQUITY LINE?
Since you actually write your own loan, your Home Equity Line is available for basically anything you need, including a new car, home improvements, repairs, vacation, medical expenses, debt consolidation, investments, weddings, a boa or anything else you want or need.

WHO DO I TALK TO ABOUT A HOME EQUITY LINE?
Stop in at Bank 360 and talk with any of our Loan Officers. They can provide you with the information that you need to make your decision.

Click here for Online Mortgage Application

CONSUMER LOANS
Bank 360 offers consumer loans to finance a car, truck, motorcycle, boat, or any other personal purchase.


You get the convenience of a fixed monthly payment that fits within your budget. With automatic payment from a savings or checking account, you can save yourself money by receiving a lower interest rate.


You can choose from many different types of consumer loans. Stop by your local Bank 360 and talk with one of our loan officers. They will help you in choosing the consumer loan that best fits your budget. Please contact us at loan@bank360online.com.


Click here for Online Consumer Application


COMMERCIAL LOANS
To really understand your local business, you need to be one. That's why Bank 360 is the ideal resource for businesses. We share the same goals and concerns, so we can view your business as a complete picture, responding quickly to your needs. Please contact us at loan@bank360online.com.

SBA LOANS
Finance your growing small business with an SBA Guaranteed Loan from Bank 360. Ninety-eight percent of all businesses meet SBA's definition of a small business. Contact us today for qualifications.

OTHER COMMERCIAL LOANS
We specialize in loans to business owners operating in southeastern South Dakota. From local financial and economic expertise to local management and decision-making, Bank 360 provides highly responsive service. Bank 360 provides funding for local development, and we continue to reinvest the communities we serve.

For more information on how Bank360 can help you obtain any of our loans, please e-mail one of our Loan Officers at loan@bank360online.com.