Loan Programs

The following is a partial list of programs offered by Premier Home Mortgage, Inc. with a brief description of the key elements of each. For a complete list of the programs that we offer, please contact us at 605-716-7373.

Premier Home Mortgage, Inc. is an FHA Approved Lending Institution

and is not acting on behalf of or at the direction of HUD/FHA or the Federal Government.

Premier Home Mortgage, Inc. is a Veteran's Administration Approved Lending Institution

and is not acting on behalf of or at the direction of Veteran's Administration or the Federal Government.

Premier Home Mortgage, Inc. is a USDA Rural Development Approved Lending Institution

and is not acting on behalf of or at the direction of USDA or the Federal Government.

Conventional
South Dakota Housing Development Authority Loans
VA Mortgages
FHA Mortgage
Jumbo Loans
USDA Rural Development

Conventional

Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

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South Dakota Housing Development Authority Loans

First Time Homebuyer Program

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VA Mortgages

Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.

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FHA Mortgage

Backed by the Department of Housing and Urban Development, this mortgage offers the borrower the ability to put as little as 3.5% down payment – Seller can contribute up to 6% of the purchase price to the buyer towards closing costs.

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Jumbo Loans

Offers 30 and 15 year fixed rate mortgage and competitive ARM products with full document, alternate documentation and limited documentation.

Cash out and No cash out refinance are allowable. Single family detached, Condo's, PUD's and single-family second homes can be financed with no prepayment penalty.

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USDA Rural Development

100% Financing. Both Property and Borrower must qualify.

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Contact Information:
Aaron Underwood
Premier Home Mortgage, Inc.
1220 Mount Rushmore Road, Suite 2
Rapid City, South Dakota, 57701
NMLS # 189435
Phone: 605-716-7373
Fax: 605-716-7377