Mortgage Refinance

  • Choose adjustable or fixed rates
  • Terms range from 5 to 30 years
  • Local decisions and personalized service
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You Could Save Money by Refinancing

Maybe interest rates are lower than when you got your current mortgage. Maybe your credit score is higher and you can qualify for a better rate. Or maybe it's time to take on that project you've been putting off. Whatever the reason, you can refinance your home with us and we'll take the stress out of the process. With local underwriting, processing, and originating, you'll get the results you deserve.

Black Hills Federal Credit Union provides mortgage solutions that help you buy or build the home of your dreams with the trusted, local support of our South Dakota and Montana lending teams. Find a local lender to begin your homeownership journey.



Reasons to Refinance

Take Cash Out
  • With a cash-out refinance, you refinance for a higher loan amount than what you owe and pocket the difference. Any proceeds you receive are tax-free.
  • Because mortgage interest rates are typically lower than other options you can use your cash to help pay off high-interest debt, finance home improvements, fund higher education, or whatever you need.
Get a Lower Mortgage Payment
  • You can get a lower payment by lengthening your term which spreads payments out over more years, making them smaller.
  • You may be able to refinance to a lower rate making more room in your budget for other things.
Consolidate Debt
  • Roll your high-interest debt together at a lower rate. 
  • Make one monthly payment instead of several and pay less overall every month. 
  • Unlike credit card interest, the interest on your mortgage is usually tax-deductible (check with your tax advisor for details).
  • Even if you have less-than-perfect credit, we can help. Plus, paying off your higher-interest debt faster can improve your credit rating.
Shorten Your Mortgage Term
  • This is a great way to save money on interest payments because you're making fewer payments. You often receive a lower interest rate, too. 
  • Less of your payment goes toward interest, more goes toward paying down your loan principal. 

Meet Our Mortgage Loan Officers

Christy Cline
Mortgage Loan Officer
Johanna Del Soldato
Mortgage Loan Officer
Ryan Kaufman
Mortgage Loan Officer
Joe Prince
Mortgage Loan Officer
Aaron Renville
Mortgage Loan Officer
Amber Zandstra
Mortgage Loan Officer

Frequently Asked
Questions

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Refinancing may help you lower your interest rate or monthly payment, change your loan term, switch mortgage types, or access some of your available home equity.

A cash-out refinance replaces your current mortgage with a larger loan and provides you with the difference in cash, subject to available equity and loan approval.

Consider the new rate, monthly payment, closing costs, loan term, and the time it will take to recover your refinancing costs. A BHFCU mortgage lender can help you compare the potential costs and savings.

You Could Benefit from a Refi
Apply Now

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