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Buying a Home

First PREMIER Bank

Making Your Home Happen

No matter where you are in life, the experts at First PREMIER Bank can help you unlock the right home loan for your needs. From your first house keys to the next place you call home, we're by your side speeding along the process and responding to your needs. Our mortgage lending decisions are always made locally by people who know you and your community.

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Why First PREMIER Mortgage?

  • Personal, responsive service
  • Competitive rates
  • Local decisions
  • Faster processing to help ease your stress
  • Constant communication throughout the process
  • Approved South Dakota Housing Lender
Cory Weeden

 

"I have found that people want to work with a lender who cares enough to get to know them personally. That's how I make homes happen."

- Cory Weeden, Mortgage Banker

First PREMIER Bank Main Bank Location

Strength Matters

As one of the nation's strongest community banks, First PREMIER has the financial capability for today's mortgage market. We are also committed to our communities and improving the quality of life for everyone. Together with our leadership and sister company PREMIER Bankcard, we've given more than $3 billion back to the state of South Dakota for scholarships, advanced education, athletics, research, entertainment and infrastructure that make our communities an even better place to call home.

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Home Mortgage Options

MAY BE FOR YOU IF YOU ...

BENEFITS ...

CONVENTIONAL 
FIXED RATE LOAN

  • Are buying a second home
  • Have established credit history
  • Can put down 5%
  • Low fixed rates for eligible buyers

ADJUSTABLE
RATE LOAN

  • Have established credit history
  • May move within a few years
  • Can put down 5%
  • Lowest short-term rates
  • Initial lower monthly payments
  • Initial rate periods of 3-10 years before adjust up or down

FHA LOANS

  • Have limited down payment funds
  • Have a weak credit history
  • Low down payment
  • Flexible qualification guidelines
  • Fixed-rate

VA LOANS

  • Are active military
  • Are a veteran
  • Are a surviving spouse of service member who died as a result of military service
  • Low-to-no down payment
  • No mortgage insurance requirement
  • Flexible qualification guidelines
  • Fixed and Adjustable Rates

JUMBO LOANS

  • Are purchasing a home more than $766,550
  • Have established credit history
  • Increased purchase limits
  • Fixed or adjustable rates

SDHDA LOANS

  • Are a first-time or repeat home buyer
  • Meet income guidelines
  • Meet other program guidelines
  • Interest rate options for down payment assistance and tax credits

INVESTMENT
PROPERTY
LOANS

  • Are a landlord
  • Are buying a second home
  • Financing for residential properties with multi-units
  • Many loan options to choose from

NEW
CONSTRUCTION
& LOT LOANS

  • Are building a custom home
  • Are buying a lot for a future home
  • Financing for new construction
  • Construction-to-permanent loans
  • Many options to choose from

MAY BE FOR YOU IF YOU ...


CONVENTIONAL 
FIXED RATE LOAN

  • Are buying a second home
  • Have established credit history
  • Can put down 5%

ADJUSTABLE
RATE LOAN

  • Have established credit history
  • May move within a few years
  • Can put down 5%

FHA LOANS

  • Have limited down payment funds
  • Have a weak credit history

VA LOANS

  • Are active military
  • Are a veteran
  • Are a surviving spouse of service member who died as a result of military service

JUMBO LOANS

  • Are purchasing a home more than $766,550
  • Have established credit history

SDHDA LOANS

  • Are a first-time or repeat home buyer
  • Meet income guidelines
  • Meet other program guidelines

INVESTMENT
PROPERTY
LOANS

  • Are a landlord
  • Are buying a second home

NEW
CONSTRUCTION
& LOT LOANS

  • Are building a custom home
  • Are buying a lot for a future home
 

BENEFITS ...


CONVENTIONAL 
FIXED RATE LOAN

  • Low fixed rates for eligible buyers

ADJUSTABLE
RATE LOAN

  • Lowest short-term rates
  • Initial lower monthly payments
  • Initial rate periods of 3-10 years before adjust up or down

FHA LOANS

  • Low down payment
  • Flexible qualification guidelines
  • Fixed-rate

VA LOANS

  • Low-to-no down payment
  • No mortgage insurance requirement
  • Flexible qualification guidelines
  • Fixed and Adjustable Rates

JUMBO LOANS

  • Increased purchase limits
  • Fixed or adjustable rates

SDHDA LOANS

  • Interest rate options for down payment assistance and tax credits

INVESTMENT
PROPERTY
LOANS

  • Financing for residential properties with multi-units
  • Many loan options to choose from

NEW
CONSTRUCTION
& LOT LOANS

  • Financing for new construction
  • Construction-to-permanent loans
  • Many options to choose from