Skip to content
Premier Bank Logo
Avoid Fraud: Premier Bank will never ask you for sensitive account information including passwords, account number, card number, or PIN numbers.
Active Fraud Attempt: Sending a fraudulent letter using bank name regarding a home warranty expiring.
We are aware of an issue affecting some online debit card transactions. As a result, you may be currently experiencing difficulty using your debit card for online purchases.
We are working to correct the issue and hope to have a resolution soon. We sincerely apologize for any convenience.
In observance of Independence Day, Premier Bank will be closed on Monday, July 4th. Mobile Banking, Online Banking, and over 37,000 surcharge-free ATMs are always available 24/7.  
Due to server maintenance on Monday, July 4th, there may be a brief outage to Yourpremierbank.com between 1AM and 5AM (EST).
Premier Bank Logo
Log into Online Banking
New to Online Banking?
Log into Online Banking
New to Online Banking?
Log into your Wealth account

Access Additional Services:

Personal
Credit Card
Business & Commercial
Remote Capture Lockbox Credit Card Merchant Services ChecXchange Payroll Services

Five First-Time Homebuyer Tips

Five First-Time Homebuyer Tips

Purchasing your first home is a major milestone and requires some preparation and patience. Just getting started in the process? Here are five tips that first-time homebuyers in OH, IN and MI should consider.

1. Figure out how much home you can afford

A great place to start is our mortgage calculator to get a high-level estimate of what your mortgage payment may be. Remember to account for taxes, PMI, your down payment, closing fees and home insurance. Fannie Mae recommends spending only 28% of your income on your home, but ultimately you need to decide what makes you comfortable.  A house payment that causes stress doesn’t make for a home you will love. Get tips from our article, How Much Home Can I Afford.

2. Include closing costs in your budget

Closing costs are typically 2-5% of your mortgage loan amount.  According to BankRate’s annual closing costs survey, that comes out to an average of $2,031 in Ohio. It’s a good idea to get an understanding of how much you’ll need to set aside or finance to close on your home and add that in to your overall budget. Visit our blog on closing costs to go into this in more depth. 

3. Gather your paperwork & get pre-approved

Applying for a mortgage involves a lot of paperwork. Get organized by checking out our list of mortgage application documents. Also, get started on the pre-approval and pre-qualification process so that sellers will know you are serious when you are ready to make an offer.

4. Get your credit in line

It’s good practice to pull your free annual credit report if you are in the market to buy a home because the higher your credit score, the lower the interest rate on your home loan. Find out if there are any errors and take the time to resolve any issues. If needed, visit our blog outlining how to increase your credit score before you get too far in the process.

5. Find out if you qualify for any tax breaks

In addition to federal and state programs for first-time and prospective homebuyers, there are several tax credits you may be able to take advance of, like the mortgage interest credit, energy efficiency credits, and lower-income housing credits.

Ready for more? Download our homebuyers guide and come in to speak with your local mortgage lender. Know that Premier Bank is here to help guide you at every step along your journey to homeownership. We are truly Better Together.


Shop for a mortgage

Related Topics