Mortgage Grant Programs
Mortgage Grant Programs
Mortgage Grant Programs
Affordable Home Loan Options
First-time homebuyer loans and affordable housing grants are available!
Navigating the home-buying process doesn’t have to be hard. If high interest rates are preventing you from owning a home, reach out to a First Bank & Trust Mortgage Loan Officer to find loan options that work for your budget.
First-Time Homebuyer
As a South Dakota Housing Development Authority and Minnesota Housing Finance Agency participating lender, we offer a first-time homebuyer loan. With options for no down payment and low rates, it can be a good option for new homeowners and those who haven’t owned a home in the last three years. Talk with a mortgage banker about restrictions that apply.
HomeReady Mortgage
Leverage HomeReady Mortgage, a dynamic mortgage solution that reduces the barriers to homeownership for low-income and very low-income borrowers. Put opportunity within reach for more homebuyers. Learn how borrowers can qualify. As Low as 3% Down. $2,500 Borrower Credit. Flexible Funding. Free Online Resource. Talk to a mortgage banker for details.
Make an Informed Decision
When it comes to purchasing a home, there's a lot to know. We’ve compiled some resources to help you plan for and understand your mortgage.
Request a Free Consultation
Navigating the mortgage process doesn't have to be difficult. Our expert loan officers will answer all your questions, and help determine which options make the most sense for you.
Ready to Apply?
Complete our online mortgage application to move things along faster.
The Institution ID number with the NMLS Registry is 409296 for First Bank & Trust, with locations in Milbank, Toronto, Vermillion, Canton, Garretson, Madison, Watertown, and White in South Dakota and Pipestone, Cambridge, East Bethel, Edina, New Prague, Princeton, and Roseville in Minnesota.