Current news......
11/10-CU Mortgage Direct, LLC receives award from the South Dakota Housing Development Authority as one of the states top 5 lenders with the 1st time home buyer program. This is the 5th year in a row to receive this award. Lori Norby (Branch Manager, Madison, SD) also is awarded an award for one of the states top SDHDA loan originators. Lori Norby won this award for 2 servicing area's in South Dakota. Lori Norby is also the only 4 time winner for the SDHDA program award.
NOW SERVICING SDHDA (FIRST TIME HOME BUYER) MORTGAGE LOANS.
When you close on your SDHDA home loan with CU Mortgage Direct, LLC or one of our partnering Credit Unions, you can make your payment directly to CU Mortgage Direct, LLC at one of our 4 locations (2-Sioux Falls, Madison, and Watertown).
You can get the same Credit Union service you have come to know, and now on your SDHDA loan payments.
7/12/11-Lutheran Social Services Emergency Homeowner's Loan Program (EHLP)
Lutheran Social Services is one of 3 grantees in the state of South Dakota to participate in the Emergency Homeowner’s Loan Program (EHLP). This was announced on June 20, 2011. The US Department of Housing and Urban Development announced that South Dakota will be receiving $2,051,563 to assist homeowners through EHLP. EHLP funds are part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Consumer Credit Counseling Service (CCCS) of Lutheran Social Services of South Dakota is a subgrantee to both that National Foundation for Credit Counseling (NFCC) and the South Dakota Housing Development Authority (SDHDA) which were two of fifty-two grantees from NeighborWorks® America to receive funding. EHLP funds will help homeowners who are at least 90 days late on their mortgage payments, and unemployed or working fewer hours because of the economy or a medical condition. CCCS of Lutheran Social Services was awarded sessions in 4 states including Iowa, Nebraska, Minnesota and South Dakota. <?xml:namespace prefix = o /><?xml:namespace prefix = o /><?xml:namespace prefix = o /><?xml:namespace prefix = o />
If qualified for assistance under EHLP and selected, homeowners will be able to access an interest free loan to help pay their past due amount and a portion of their monthly mortgage payments up to 24 months or $50,000, whichever comes first. Funds are limited and not all eligible applicants may receive funding.
Eligible homeowners have until Friday, July 22, 2011 to complete the pre-applicant screening worksheet. After the July 22 application date, a lottery process will be used to determine which applicants will receive funding. The worksheets are available and the pre-screening can be conducted over the phone or in person in any of our 8 locations. CCCS is located in Aberdeen, Brookings, Huron, Mitchell, North Sioux City, Sioux Falls, Watertown and Yankton.
3/25/11-CU Mortgage Direct, LLC is a proud sponsor of the Sioux Falls home campaign, Buy Now, Build Now. We encourage all of our web users, customers, members, and partners to click on the link: www.buynowbuildnowsf.com and see how good the home buying and home building opportunities currently are.
11/10-CU Mortgage Direct, LLC receives award from the South Dakota Housing Development Authority as one of the states top 5 lenders with the 1st time home buyer program. This is the 4th year in a row to receive this award. Lori Norby (Branch Manager, Madison, SD) also is awarded an award for one of the states top SDHDA loan originators. Lori Norby won this award for her servicing area in South Dakota. Lori Norby is also the only 3 time winner for the SDHDA program award.
11/09-CU Mortgage Direct, LLC is awarded as one of the states top 6 USDA/RD housing lenders for 2009. CU Mortgage Direct, LLC has funded over $5 million in RD loans this year. The company has been awarded a top lender award every year since the company began in 2004. This again shows our commitment to South Dakota and home ownership in the rural areas of the state.
10/09-CU Mortgage Direct, LLC receives award from the South Dakota Housing Development Authority as one of the states top 5 lenders with the 1st time home buyer program. This is the 3rd year in a row to receive this award. Lori Norby (Branch Manager, Madison, SD) also is awarded an award for one of the states top SDHDA loan originators. Lori Norby won this award for area 4 in South Dakota. Lori Norby is also the first repeat winner for the SDHDA program.
3/09-CU Mortgage Direct, LLC receives a top lender award from the RD/USDA office as again producing over $1,000,000 in rural housing loans in South Dakota for 2008. CU Mortgage Direct, LLC has received this award each year since the company started and is committed to the rural communities of the states we serve.
11/08-CU Mortgage Direct, LLC receives award from the South Dakota Housing Development Authority as one of the states top 5 lenders with the 1st time home buyer program. This is the 2nd year in a row to receive this award. Lori Norby (Branch Manager, Madison, SD) also is awarded an award for one of the states top SDHDA loan originators. Lori Norby won this award in 2 lending areas of the state.
1/08-CU Mortgage Direct, LLC receives a top lender award from the RD/USDA office as 1 of 4 lenders in South Dakota funding over $5,000,000 in rural home loans for 2007. This is the 2nd year in a row that we have received this.
11/07-CU Mortgage Direct, LLC receives award from the South Dakota Housing Development Authority as one of the states top 5 lenders with the 1st time home buyer program.
8/07-CU Mortgage Direct, LLC would like to tell it's customers that we are determined to focus on good quality loan programs with good quality Investors. With all of the talk of the sub prime lenders, high foreclosure rates, and negative amortizing loans, we pride ourselves on working with our customers and members to give them loan programs that they can afford. The CU MORTGAGE DIRECT, LLC management team wants to see everyone obtain the "American dream" of home ownership, but only on a prudent basis.
2/9/07-Discharged Veteran's may now be eligible for the SDHDA or first time home buyers program even if they have owned a home previously. Please contact a Loan Officer today and find out more details!!!
1/07-Mortgage Insurance Premiums can now be tax deductible and CU Mortgage Direct, LLC offers reduced mortgage insurance premiums. Compare our rates for mortgage insurance to other commercial lenders and see how we can save you money every month
12/06-CU Mortgage Direct, LLC is awarded a top 6 lender award by the South Dakota RD/USDA director. CU Mortgage Direct, LLC is one of South Dakota's top funding lenders for the RD/USDA program with over $5,000,000 in rural loans funded in 2006.
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