The home buying process can be one of the most exciting times in your life. At First PREMIER Bank we'll
help educate and guide you through this process. Below are steps to assist you with buying your first
Step 1 – Learn About the Process
Buyers who have taken a home buyer education course have a better understanding of what decisions
they will have to make, what is expected of them and what they can expect from the lenders and other
professionals involved in the home buying process. Please visit
www.sdhda.org for the home buyer
education courses offered by the Homeownership Education Resource Organization (H.E.R.O.).
Step 2 – Understand Your Finances
Preparing is the most important step in the process. Carefully look at your finances, including your savings,
credit, income and debt. Sit down with a First PREMIER Bank mortgage professional and discuss your budget
Step 3 – Get Pre-approved
Getting pre-approved for a mortgage loan is an excellent idea. When the application is complete our
mortgage professionals will go through the process of checking your credit and verifying your information, as well as sending the paperwork to local underwriters for a credit decision. Once approved, our mortgage
professionals can provide you with a pre-approval letter.
Step 4 – Begin Shopping for a Home
Now, you are better equipped to begin looking for your first home. Below are some important items you
may want to consider when looking for your dream home.
- Location & Neighborhood
- Type of home (single family, condo, townhome, etc.)
- Style of home (ranch, bi-level, 2 story, etc.)
- Number of bedrooms & bathrooms
- Square footage
Contact us for more information.