Life can get expensive and money shouldn’t slow you down. A Home Equity Loan provides you with the funds you needs to consolidate debt, purchase a new vehicle, continue your education, make home improvements, or pay for other large expenses.
Home Equity Loans are more commonly known as a ‘Second Mortgage.’ A Home Equity Loan uses the equity of your home to give you a large lump sum that can be paid back with fixed monthly payments over a certain period of time.
Features & Benefits of a Home Equity Loan
- Finance Up To 85% of Appraised Value or Purchase Price
- In-House Financing
- Loans processed, underwritten, and serviced locally
Home Equity Loan Requirements
- Max Debt To Income of 43%
- Other Normal Closing Costs Apply
Already know the type of home loan you are looking for?
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- Streamlined Application with a user-friendly, paperless application process.
- Real-Time Updates through instant notifications on your application milestones.
- Secure Document Uploading means no more lost paperwork or hassles!
- Streamlined Application with a user-friendly, paperless application process.
- Real-Time Updates through instant notifications on your application milestones.
- Secure Document Uploading means no more lost paperwork or hassles!
Take control of your homeownership journey by downloading our
new American Bank & Trust Mortgage App.
Find Your Perfect Mortgage Loan Officer
A great home buying experience starts with great home buying partners. Meet your American Bank & Trust mortgage team and discover an outstanding group that truly lives at the intersection of what if and why not? With AB&T home loan experts, you’ve got neighbors you can always count on.
Looking for more information about Home Loans? Visit the South Dakota Housing Development Authority.
