# First PREMIER Bank

> **Canonical URL:** https://saferate.com/lenders/first-premier-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


First PREMIER Bank is a bank, headquartered in Sioux Falls, SD, serving borrowers across 7 states, with 440 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 27% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 42% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300Z77WUYJM3QG591
- **Headquarters:** Sioux Falls, SD
- **Geographic Reach:** Multi-Region
- **States Served:** 7
- **State List:** AZ, FL, IA, MN, ND, NE, SD
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pull Through: Sound ☺️
- Score: 58/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** -0.096%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,009
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 440
- **Dollar Volume:** $135 million
- **Applications Received:** 846
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $307,205
- **Average Borrower Income:** $126,068
- **Average Property Value:** $381,932

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (64%)
- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (64%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 66/100 | 271 | -0.091% | $2,005 | Strong 😀 |
| FHA | 74/100 | 128 | +0.033% | $1,888 | Strong 😀 |
| VA | 67/100 | 27 | -0.692% | $2,213 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 232 loans, Score: 65/100 (Strong)
- Refinance: 39 loans, Score: 57/100 (Sound)

**FHA:**
- Purchase: 122 loans, Score: 73/100 (Strong)

**VA:**
- Purchase: 26 loans, Score: 66/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 69/100 | 393 | $124M | -0.049% | Strong 😀 |
| Refinance | 59/100 | 47 | $11M | -0.413% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| SD | 406 | 4.56% | 91/100 |
| MN | 17 | 0.03% | 45/100 |
| IA | 13 | 0.04% | 43/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Sioux Falls, SD | SD-MN | 290 | 91/100 |
| Non |  | 137 | 60/100 |

## Where This Lender Ranks

First PREMIER Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Sioux Falls, SD for Jumbo Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Sioux Falls, SD for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in South Dakota for Jumbo Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/jumbo-loans)
- 🥈 **#2** in South Dakota for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/jumbo-loans)
- 🥈 **#2** in Sioux Falls, SD for FHA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Sioux Falls, SD for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in South Dakota for FHA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/fha-loans)
- 🥉 **#3** in South Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in South Dakota for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Sioux Falls, SD for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/va-loans)
- 🏆 **#5** in South Dakota for VA Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/va-loans)
- 🏆 **#5** in Sioux Falls, SD for VA Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/va-loans)
- 🏆 **#8** in South Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#8** in Sioux Falls, SD Banks
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks)
- 🏆 **#8** in Sioux Falls, SD for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#10** in South Dakota Banks
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/banks)
- 🏆 **#10** in South Dakota for Conventional Loans
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders/conventional-loans)
- 🏆 **#10** in Sioux Falls, SD
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders)
- 🏆 **#10** in Sioux Falls, SD for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-falls-sd/best-mortgage-lenders/conventional-loans)
- 🏆 **#12** in South Dakota
  - [View Full Rankings](https://saferate.com/south-dakota/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does First PREMIER Bank offer?

First PREMIER Bank offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does First PREMIER Bank offer mortgages?

First PREMIER Bank offers mortgages in 7 states: AZ, FL, IA, MN, ND, NE, SD.

### How competitive are First PREMIER Bank's mortgage rates?

First PREMIER Bank has a pricing score of 73/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.096% below market average.

### What type of lender is First PREMIER Bank?

First PREMIER Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Sioux Falls, SD.

### What is First PREMIER Bank's loan approval success rate?

First PREMIER Bank has a pull-through score of 58/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/first-premier-bank

### How to Cite

> "First PREMIER Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/first-premier-bank

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