First-Time Homebuyer
First Home Loan Programs
As a first-time homebuyer you could potentially save thousands of dollars by qualifying for a lower interest rate and loan origination fees. As an approved South Dakota Housing Lender, the First PREMIER Mortgage team can help you determine your eligibility and find the right loan program for your needs.
First-Time Homebuyer Eligibility
- Have not owned and lived in a house in the past three years
- Purchase price is $385,000 or less
- Have an income lower than South Dakota Housing income limits
Down Payment Assistance
- Eligible borrowers could receive up to 3-5% of loan to help with a down payment or closing costs
- The Fixed Rate Plus loan from South Dakota Housing is considered a second 30-year loan at zero percent with no additional fees
- The loan is due when you pay off or refinance your first home loan
"The entire First PREMIER Mortgage team has a ready-to-serve attitude. We stay with our customers and guide them through the home loan or refinance process."
- Karlee Mannes, Mortgage Banker
"We make homes happen by consistently going above and beyond for our customers."
- Kyle Strating, Mortgage Banker
