Get Approved For A Home Loan

If you’re a first-time home buyer in Idaho, it’s important to understand the requirements for obtaining a home loan. One of the first decisions you’ll need to make is whether to go with a conventional loan or an FHA loan. Each option has its own set of pros and cons that you’ll want to consider.

One advantage of an FHA loan is the lower down payment requirement. With an FHA loan, you may be able to put down as little as 3.5% of the purchase price. However, keep in mind that you’ll also have to pay mortgage insurance premium (MIP) on top of your regular mortgage payments. The amount of MIP you pay will depend on the size of your down payment and the length of your loan.

In contrast, a conventional loan may require a down payment of up to 20%, but you won’t have to pay MIP. Instead, you may have to pay private mortgage insurance (PMI) until you’ve built up at least 20% equity in your home.

Both types of loans have their own set of requirements, such as credit score minimums and income limits.

If you’re wondering how much you can afford to spend on a house, a good starting point is to check your credit score. While there’s no specific credit score needed to obtain a home loan, most lenders prefer to see a score of at least 620. However, if you’re looking to be approved for an FHA loan, you may be able to qualify with a lower credit score.

In addition to credit score requirements and down payment amounts, first-time home buyers in Idaho may also be eligible for down payment assistance programs. These programs can help cover some or all of your down payment and closing costs, making it easier to afford a home.

When you’re ready to start the home buying process, I would love to help you navigate your options and make informed decisions. Contact me today to get started!

TIMISHA HASKINS
LOAN OFFICER
(562) 500-6148
timisha.haskins@pmrloans.com
NMLS: 1688894
701 N Green Valley Parkway, 2nd Floor Office #229
Henderson, Nevada 89074

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Client Testimonials

Great team! The process was easy and any questions I had were met with a quick and thorough response. Thank you.

Dana C.

Mandi and her team are incredible! We had a short time between purchase and closing and they made it happen! If you want a seamless process, these are your people!

Amy R.

We were very pleased with our home buying experience!! I had a lot of questions because we are first time buyers and I always got very quick responses to all inquiries! Thank you for making our buying process that much easier! We would highly recommend!

Lara T.

The Premier Mortgage team was incredible to work with and made everything seamless!

Katie H. – Jacy Pool

I have been with this Company many many many years and everyday this Company surprises me on how SPECTACULAR this well oiled machine moves and closes loans. The Customer experience is exceptional and i know i am biased as i work here (i speak from experience as i have closed loans with them too, along with Family, Friends and many many referrals)! There is no better Company to put your complete trust in and get your Mortgage Loan closed fast, efficiently, great communication with amazing Team Members! Why go anywhere else for a Home Loan or Career!

Summertyme S.

My husband and I did 2 purchase transactions with Premier and they would great to work with. Their loan officer team and processor took care of everything. We were able to do everything securely online which was so convenient for our schedules. We will definitely use them again for any further transactions and refer our family and friends.

Susan M.

About a year ago, I used PMR to purchase my first ever home, and I was absolutely blown away. I was really nervous about the entire process, but was so happily surprised with how smooth, quick, and friendly they were. The approval process was quick and painless, and it was that way until the end. They allowed me to focus on finding the perfect home, all while not having to stress about what was going on behind the scenes. I was so impressed on how they took care of me as a customer that I applied for a position with their company only a few months after we closed. I now work from home in my dream home for a company that treated me like family from the start.

Kaitlyn M.

I have had the opportunity to both use Premier for my families purchases (and a refinance too) as well as to work for them for going on a strong 7 years! I have never felt more proud to work for and be a part of the Premier Family! The services Premier provides are unlike any other that I have experienced! You really are treated with the highest care and quality as a client and an employee. I recommend Premier for ALL of your housing dreams because PMR will do their best to make them a reality!

Shannon B.

I completed a refinance with Premier. The loan officer was very knowledgeable and helped navigate my debt consolidation perfectly. The process from start to finish only took a few weeks, and that was only because we were waiting for the appraisal. I would recommend Premier to any of my family and friends!

Chris J.

We wouldn’t go anywhere else! We highly recommend Premier Mortgage Resources to all our friends and family. They’ve helped us with several purchases and refinances, great rates and amazing service, we never have to worry about things getting done in a timely and professional manner, they’re our lender for life!!

Cuzzins C.

Fast, Terrific Service and Transparency is what I get every time I do business with PMR. I have completed two separate home loans with them and they have been the best mortgage transactions I have personally done and We closed on time. I had such a great experience with PMR, I came to work for them! The loan process at PMR is exceptional and I would highly recommend PMR for all of your home financing needs.

Crystal G.

Premier Mortgage worked a miracle when I thought I couldn’t even come close to affording the house I wanted. They helped me build my first home, and have helped me refinance it TWICE to a great low rate. I would recommend them to anybody. Thank you, PMR!

Ashley D.

Customer Service is top notch. They are helpful in unexpected ways, like trying to help you increase your credit scores to get a better rate. They are really fast too, allowing me close on a new home in 21 days.

Marty D.

We used Lane and his team about a year ago moving from California to Boise. We were approved for a loan and pre-quaified really quickly. The whole process seemed very effortless.

Megan L.

Chris helped me and my growing family greatly in purchasing a house in Boise. Will definitely use him again should the opportunity arises.

Shawn M.