Home Mortgages

Whether you’re buying your first home, moving to a larger home, or refinancing your current mortgage, affordable financing that fits your needs is easy to find at East River Federal Credit Union (NMLS #477703) and CU Mortgage Direct, LLC (NMLS #198895).

With our competitive rates and flexible terms you will be feeling great in your new home.

Amanda Palli

Amanda Palli
Senior Mortgage Loan Originator
NMLS# 1666165
411 SE 10th St, Ste102
Madison, SD 57042
(605) 556-0229


CU Mortgage Direct LLC

For 1st Mortgages, CU Mortgage Direct, LLC offers the following types of mortgages to our membership:

  • Conventional
  • VA – Veteran’s Administration
  • FHA – Federal Housing Administration
  • SDHDA – South Dakota Housing Development Authority
  • RD – Rural Development

East River FCU also offers:

  • Construction Loans
  • Home Improvement Loans
  • 2nd Mortgages
  • Purchase Money Seconds
  • Home Equity Line of Credit (HELOC)

East River FCU Mortgage Application 

East River FCU Additional Borrower Mortgage Application    

CU Mortgage Direct, LLC Application

Need a little guidance before starting to purchase your home?

Are you thinking about buying a home?  This course will help ensure you are ready before you begin the home buying process. 

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Home Equity Line-of-Credit & Home Improvement Loans

"Save Money With Our Home Equity Line-of-Credit Loans."

Home Equity Line of Credit

With a variable rate Home Equity Line-of-Credit from East River Federal Credit Union (NMLS #477703), you can use the equity in your home to make home improvements, consolidate high-interest debt, finance your education, go on vacation, and much more. Once your line is approved, you’ll have the freedom to access the approved funds simply by writing a check! As you repay the portion of the loan you’ve accessed, the funds become available to you again.

Establishing a Home Equity-Line-of-Credit is a smart way to protect yourself from unexpected expenses. You can rest easy, knowing your valuable credit history won’t be destroyed by an expensive car accident, high medical bills or unavoidable home repairs.


  • Variable rate
  • 5 year draw / 10 year repayment
  • Maximum loan amount is $50,000 / $5,000 minimum
  • $500 minimum draw
  • Interest may be tax deductible.

Home Improvement Loans

So, you have the perfect home, almost. It just needs a little paint here and there, new carpet or a swimming pool. Perhaps you need to expand - add a new room or add a second floor. If so, then a Home Improvement loan with East River Federal Credit Union may be just what you need. A Home Improvement loan is the perfect way to make your home your dream home.


  • Ideal for small repairs or large additions
  • Low fixed interest rates / with 5 year balloon
  • Interest may be tax deductible.
  • 15 year amortization on 2nd mortgage
  • 30 year amortization on 1st mortgage

Home Equity Loans/Second Mortgages

If you prefer the predictability of a fixed rate and payment, a Home Equity Loan is the product for you. You can use the equity in your home to make improvements or consolidate high-interest debt, or if you simply want to pay off your existing mortgage with a low interest credit union mortgage, we can help. The entire loan amount will be released to you at the closing and you’ll have a set payment and term.

Apply for a Loan    View Rates

Construction Loans

“Interest only payments while your home is being built – an affordable way to build the home of your dreams.”

Looking to build a new home? East River Federal Credit Union offers a construction loan program that can help make that dream home a reality.

Our construction loan program offers a short-term financing solution so that you can begin construction right away. And this loan will then convert to a permanent mortgage once construction is complete.

Apply for a Loan