First PREMIER Bank mortgage approval rate & lending review
First PREMIER Bank decided 1,656 mortgage applications and funded 1,243 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions First PREMIER Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
First PREMIER Bank at a glance
Approval is 2.5 points below the 79.7% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 78% | 658 / 842 | 98% | $275K | 647 |
| Home improvement loans | 85% | 235 / 276 | 95% | $55K | 224 |
| Cash-out refinance | 32% | 36 / 114 | 97% | $185K | 35 |
| Refinance | 82% | 213 / 259 | 95% | $105K | 203 |
| Investment property purchase | 86% | 88 / 102 | 100% | $175K | 88 |
| Investment refinance | 94% | 32 / 34 | 97% | $185K | 31 |
First PREMIER Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| South Dakota | 83% | $275K | 1,499 | 1,215 |
| Texas | 0% | — | 20 | 0 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where First PREMIER Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Minnehaha County, SD | Mortgage lenders | 84% | 760 | 625 |
| Minnehaha County, SD | Home improvement loans | 85% | 275 | 223 |
| Minnehaha County, SD | Refinance | 84% | 254 | 203 |
| Minnehaha County, SD | Investment property purchase | 94% | 88 | 83 |
| Minnehaha County, SD | Cash-out refinance | 53% | 66 | 34 |
The county markets where First PREMIER Bank made the most loans. Each link opens that market with every lender ranked.
Questions about First PREMIER Bank
What is First PREMIER Bank's mortgage approval rate?
First PREMIER Bank approved 77.2% of the 1,656 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.5 points below the 79.7% national rate for the same mix of loan types.
How often do borrowers take the loan First PREMIER Bank offers?
Borrowers accepted 97% of the loans First PREMIER Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does First PREMIER Bank make?
The typical home purchase mortgage loan First PREMIER Bank made was $275K; across all loan types its typical loan ran from $55K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does First PREMIER Bank lend?
First PREMIER Bank decided applications in 36 of the states Fat Boy Data covers, most of them in South Dakota, Texas and Florida.
Can I apply to First PREMIER Bank directly?
Yes. First PREMIER Bank is a bank or credit union with 13 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show First PREMIER Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how First PREMIER Bank treats applications, then get a rate quote from the lender.