WELCOME
First Western Federal Savings Bank
We run our bank like a business, not a bank.
At First Western Federal Savings Bank, you’ll find a type of honesty in our non-recourse lending program that you won’t find anywhere else. We take extraordinary pride in providing simple, straightforward answers to your important questions about buying investment real estate and our financing programs. As a portfolio lender for over 30 years, every loan we make stays in-house which means the same person works your application from start to finish and throughout the loan’s repayment so you can always know the status of your deal.
We are excited to be able to offer IRA Non-Recourse Loans to help you achieve your retirement and financial goals. We can help you leverage your retirement account to buy real investment property inside your retirement account. Imagine, tax-deferred (or tax-free!) appreciation AND income from an asset you own, manage and control. Stocks, bonds, and mutual funds have margin… investment property has us!
Our knowledge will benefit you, responsiveness will shock you, and our guidance will impress you. From investment property loans to selling CRP payments and niches in between, specialized lending is our specialty! Give us a call or shoot us an email if you would like to discuss your “deal” with one of our lending experts.
First Western Federal Savings Bank Is Different Than Other Loan Providers
First Western Federal Savings Bank was founded in 1979 as a portfolio lender. Since the beginning, we have been committed to providing exceptional customer service, quick responses, and common sense answers. We have a unique style of banking that allows the customer immediate access to all decision-making and answers to their questions. Our main focus is customized lending on income-producing properties. All of our employees have decades of banking experience, as well as experience with IRA loans. Each loan officer has decision-making authority, giving the customer immediate feedback as to any potential loan request.
Small Town Roots, Nationwide Reach
We lend nationwide on Single Family Detached, five-plus units, commercial real estate, and agricultural properties. First Western Federal Savings Bank also specializes in CRP payments, as well as self-directed IRA loans by providing non-recourse loans. This includes IRA LLCs, 401K plans, and custodian IRA’s. Our non-recourse lenders service all of our loans in order to provide accurate and quick responses to any question about buying real estate with an IRA. Our quality customer service, along with our successful track record means that our customers keep coming back.
WE LEND ON...
- SINGLE FAMILY DWELLINGS
- MULTIFAMILY AND APARTMENTS
- COMMERCIAL PROPERTY
- AG LAND WITH LEASE INCOME
- VACATION RENTAL BY OWNER
Recent Posts
The Advantages of Keeping Loans In-House: What it Means for Non-Recourse Borrowers
Navigating the complexities of retirement account investing requires a lender that stays by your side long after the documents are signed. At First Western Federal Savings Bank, we believe that “in-house” is more than just a buzzword; it is a commitment to our clients. By keeping our loans within our own portfolio, we provide a…
Read MoreHow First Western Federal Savings Bank Supports South Dakota’s Agricultural Real Estate Market
South Dakota’s agricultural landscape is the heartbeat of the local economy, requiring more than just traditional financing to thrive. At First Western Federal Savings Bank, we understand that agricultural land is a premier real estate investment that demands a specialized approach. Our team is dedicated to providing the stability and expertise needed to cultivate your…
Read MoreUnderstanding the Benefits of Working with a Portfolio Lender for Non-Recourse Loans
Navigating the world of self-directed IRA investing requires a partner that truly understands the nuances of specialized debt. At First Western Federal Savings Bank, we specialize in providing the expert guidance and stable funding necessary for these unique transactions. Working with a dedicated portfolio lender offers significant advantages that traditional, high-volume banks simply cannot match.…
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