Construction Loan Rate Special

First PREMIER Bank

Build Your Home with Rates as Low As 3.49% 1

Build your next home with First PREMIER’s low interest construction loan special. Rates as low as 3.49% (7.413% annual percentage rate) on 11-month balloon Closed End Line of Credit with 90-day close. Promotion runs from February 1, 2023, to May 31, 2023. No early starts are permitted. No exceptions on the loan. 


Construction Loan Special

  • 1.25% origination fee on construction loan only. No additional origination on permanent financing.
  • Must close within 90 days of application.
  • Owner-occupied primary residences only.
  • Requires full bid details and plans.
  • Max debt-to-income of 45% to qualify on take out financing.
  • Monthly lender check-ins.
  • At maturity, customer will be required to pay the principal balance owing, including any fees or unpaid interest, in a single balloon payment.



Apply Online

Start your home financing application online and a First PREMIER lender will follow up. If you were referred to a lender, please indicate that on your application.

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{1}(7.413% Annual Percentage Rate (APR)) Construction rates based on a $350,000 loan half advanced, $508.07 monthly payment. The payment amount does not include tax and insurance premiums. The actual payment obligations may be greater. All loans and interest rates are subject to credit approval. Available on applications from 2/1 — 5/31/2023 with 90-day close. All lender fees and closing costs still apply.

{2}Interest rates are not guaranteed and subject to customer credit history, income and other factors. All lender fees and closing costs still apply.