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Refinancing a Home

First PREMIER Bank

Put Your Home Equity to Work

When you refinance your home loan, you are essentially taking out a new home loan and paying off your original one. A refinance can be beneficial in reducing your interest rate, monthly payment or life of your loan. A cash-out refinance allows you to use the equity in your home to make improvements, consolidate debt or pay for other large purchases. If you’re considering a refinance, First PREMIER Bank’s experienced mortgage bankers can help you find a financial solution that’s right for your budget and situation.

couple sitting on couch looking at bank statements

What is Your Goal?

  • Consolidate Debt
  • Cancel Private Mortgage Insurance (PMI)
  • Change loan type (avoid balloon payments or variable rates)
  • Save money on total interest paid
  • Reduce monthly payments
  • Shorten the loan term
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Calculate Your Payment

Estimate your payment with our library of online mortgage calculators and financial tools.

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Apply Online

Apply for your home loan with our easy and secure online mortgage application.

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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
 
Dez Meadows

 

"Our experienced mortgage team can evaluate your situation and help determine if refinancing is the best option for you."

- Dez Meadows, Mortgage Banker



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
Apply Online
First PREMIER Bank