Buying or Building a Home

First PREMIER Bank

Investing in Your Dreams

At First PREMIER Bank, we know you're excited for a new home, not a mortgage. That's why we work to make the mortgage process as quick and easy as possible. Our mortgage lending decisions are made locally by people who get to know you and your neighborhood. From pre-approval to closing, we're investing in your dreams.

family standing in front of new house

Buying a Home

We offer an array of loans and programs for your first, next or forever home. Our lenders provide personal attention and competitive rates so you can focus on what’s important – finding a house you can’t wait to call home.

couple standing in front of home being constructed

Building a Home

Looking to build your house? A home construction loan, meant to cover labor and materials, often has a shorter term (typically one year) and different interest rate. Once your construction is complete, the loan can be converted to a variable or fixed-rate mortgage or you can pay it off. First PREMIER mortgage experts 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

All our bankers know your neighborhood and will get to know you, delivering a loan with a competitive rate and personal, technology-enabled service.


coins dropping in hand

Fast, State-of-the-Art Processing

From application to closing - we do the heavy lifting, stay in touch and speed the process along. You'll also enjoy online access to your application status.


Home Mortgage Options

MAY BE FOR YOU IF YOU ...

BENEFITS ...

CONVENTIONAL 
FIXED RATE LOAN

  • Keep the property for a long time
  • 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

  • Purchase a home > $484,350
  • Have established credit history

 

  • Low down payment options
  • Increased purchase limits
  • Fixed or adjustable rates

SDHDA LOANS

  • Haven't owned a principal residence during the past three years
  • Meet income guidelines
  • Meet other program guidelines
  • Below market rates to qualified buyers

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

  • Keep the property for a long time
  • 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

  • Purchase a home > $484,350
  • Have established credit history

 

SDHDA LOANS

  • Haven't owned a principal residence during the past three years
  • 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

  • Low down payment options
  • Increased purchase limits
  • Fixed or adjustable rates

SDHDA LOANS

  • Below market rates to qualified buyers

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

First PREMIER Bank

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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