Supporting Your Homeownership Journey
Whether you’re taking your first step or have been on the homeownership path for a while, our mortgage team is here to help you reach your homeownership goals.
Section 502 Mortgage Loan
The Section 502 loan product is designed to create a pathway to homeownership for low-income borrowers in Dewey and Ziebach Counties. The Section 502 loan can be used for a primary residence, either by purchasing an existing home or building a new manufactured, modular, or stick-built home on fee simple or trust land. To qualify, households of one to four people can have a maximum annual income of $66,400. Households of five to eight people can have a maximum annual income of $87,650.
Terms: Interest Rate varies, Length of Repayment up to 33 years
More Lending Options
Credit Builder Loan (up to $3,000, exceptions up to $5,000)
The Credit Builder Loan is often times the first step for aspiring entrepreneurs or homeowners as it enables them to build a positive credit history. This loan is part of our Financial Empowerment Coaching program to support the achievement of financial goals.
Terms: Interest Rate 11%*, Length of Repayment 2-3 years
Home Renovation Loan (up to $100,000)
Our Home Renovation Loan can be used to improve your home’s energy efficiency or complete other projects that increase the value of your home.
Terms: Interest Rate 6-8%*, Length of Repayment up to 10 years
Home Construction Loan
The Home Construction Loan can be used to build a home on or off trust land. Once the construction is complete, the loan balance is rolled into a mortgage loan.
Terms: Interest Rate 5%*, Length of Repayment up to 12 months
Home Mortgage Loan
The Home Mortgage Loan can be used to build or purchase a home on or off trust land. Manufactured, modular, or stick-built homes are eligible.
Terms: Interest Rate varies, Length of Repayment up to 30 years
*Rates subject to change.
Eligibility Guidelines
Four Bands’ consumer loan program is available for enrolled tribal members and permanent residents of the Cheyenne River Sioux Reservation.
Loan applicants may be required to successfully complete a financial literacy course and develop a personal budget.
“I wanted to give my family what they deserve, and to have something I can pass down to my kids.”
Success Stories
Home is Where Family Comes Together
Justin LaPlante and Julie Yardley Stay the Path to Homeownership Justin LaPlante and Julia Yardley’s blended family has been living in two...
Building Credit and Creating a Bright Future
Stottin Newbrough Opens Doors of Opportunity by Increasing Credit Score The summer of 2010 was filled with milestones for Stottin Newbrough. By...
Building Credit and Confidence
Karen Ducheneaux Improves Credit Score Karen Ducheneaux came to Four Bands, because despite being financially responsible and paying her bills on...
Traveling the Path to Home
Robbie Knight sets foundation for homeownership by participating in credit builder program. For Robbie Knight, her homeownership journey began...
A Permanent Solution to the Revolving Debt Cycle
Kelsie Kay Haskell is one of the first to participate in the redesigned credit builder program. Four Bands Community Fund has been deploying...
A Home They Will Always Call Their Own
Jennifer Aberle Saves Her Way to Homeownership Jennifer Aberle (Cheyenne River Sioux) of Timber Lake, South Dakota says participating in Four...
Greening Cheyenne River One Home at a Time
Marcella Gilbert Uses Green Consumer Loan to Increase Energy Efficiency by Improving Home’s Water Systems For Marcella Gilbert, a loan from Four...
A Stepping Stone to Homeownership
Aaron Runs After Uses Credit Builder Loan to Improve Credit and Become Mortgage Ready The past year has been full of accomplishments for Aaron...