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Buying or Building a Home

First PREMIER Bank

Local Decisions. Faster Financing.

First PREMIER Bank has developed a streamlined process to move your home loan through the system as quickly and efficiently as possible. All our lending decisions are made locally and our Mortgage Bankers are committed to communicating with you throughout the entire process.

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Family carrying boxes into new home.

Buying a Home

We offer an array of loans and programs for your first, next or forever home. Our lenders provide extensive research of local, state and national programs to find the best rates for your situation. They also work closely with our processors and underwriters to provide a process that is efficient and as stress-free as possible.

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Building a Home

Looking to build your house? A home construction loan from First PREMIER Bank can cover the lot, labor and materials. Once your home is nearly complete, your construction loan is refinanced into a traditional home loan. First PREMIER Bank lenders can help you determine what might best fit your needs and walk you through the entire process.

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Local Decisions, Competitive Rates

First PREMIER Mortgage lenders understand the different neighborhoods, tax structures and factors that may impact your monthly payment. We can look out for homebuyers in ways that make a difference.


coins dropping in hand

Streamlined Processing

The entire First PREMIER Mortgage team - our lenders, processors and underwriters - all have South Dakota addresses. That means from application to closing, you have local individuals working on your financing and making the decisions.


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
 
First PREMIER Bank First PREMIER Bank


Get Home Faster

Our Commitment to You

  • Keep your interests at heart
  • Provide responsive, personal service
  • Clearly explain the process and timeline
  • Disclose fees in a forthright manner
  • Ensure speed and efficiency from application to closure
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First PREMIER Bank