Archive for October, 2009

 

We currently bank with First National and want to be sure there are no international ties with Security First Bank. We prefer to bank with an American-based institution. – 13. October, 2009

I find your question to be very interesting, and given your preferences, am glad to report that Security First Bank is 100% domestically owned.  In fact, we have a very small list of shareholders, nearly all of whom are Nebraskans and South Dakotans.  My family, who are originally from Rushville, Nebraska, are the majority owners.  We are a state bank, chartered in Nebraska.  Our bank holding company, Stockmens Financial Corporation, is based in Rapid City, South Dakota, where my wife and I reside.

As a community bank, our deposits come primarily from local customers, and we make loans to individuals and businesses within our service areas.  We are a fairly conservative bank, so have not strayed too far from our Nebraska and South Dakota roots.

Posted in Bank Ownership

How does a person go about getting a loan to buy a house? What do you do or have to do to qualify for a loan to buy a house? – 2. October, 2009

Borrowing money to buy a home is a significant financial undertaking, and there are a number of things that both you and the bank need to take into consideration.  My first advice to you is to contact a loan officer at your local Security First Bank either in person or over the phone.  He or she will be able to directly answer your questions, and if you are interested and ready, they can start the application process with you. 

To help you determine if obtaining a home loan is right for you, a loan officer will need to know your income and some other financial information about you.  If you decide to begin the application process, be prepared to present a government-issued ID, proof of income (such as pay stubs and/or tax returns) and information on other assets, such as bank statements and retirement accounts. 

Truly, your best, first course of action is to contact a loan officer.  Or, if you prefer, the Federal government’s Housing and Urban Development (HUD) website, found at www.hud.gov, offers a wealth of information for potential homebuyers.

Posted in Home Loans