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First Western Federal Savings Bank
402 Main Street
Rapid City, SD 57701
(800) 908-8845 Phone
(605) 341-1203 Local
(605) 394-0084 Fax

Contact
Roger St. Pierre
NMLS#768919
Jeff Fullerton
NMLS# 768918


Bank Hours
Monday - Friday
8:00AM - 5:00PM
Mountain Standard (MDT)

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FDIC

 

 

IRA Lending Terms

A list of the most common terms in our industry is listed below. To find the meanings, simply click on the term.

AdministratorMulti-Family Dwelling
C-CorporationNon-Recourse Loan
CollateralProhibited Transactions
Common SenseReal Estate
CRP ProgramReal Estate Appraisal
CustodianRental Income
Debt Service Coverage RatioReserve Requirement
DefaultS-Corporation
Discounted NoteSelf-Directed IRA
Facilitator

Disclaimer: First Western Federal Savings Bank is not affiliated with any of the listed custodians, administrators, or facilitators nor do we receive compensation to provide you with this information. We are also not responsible for the website content at third-party sites.

First Western Federal Savings Bank and its employees are not accountants, nor are we investment advisors, and we are not qualified to provide advice on IRA rules, regulations or eligibility requirements. Please consult your tax and investment advisors.

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