The Home Loan Process
Demystifying Home Loans
If you haven’t experienced it before, the home loan process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
Our Preferred Lender
LANDON KESLER
Mortgage Loan Officer
- 3340 Merlin Drive Suite 200 Idaho Falls, ID 83404
- (208) 757-0507
- lkesler@idahofirstmortgage.com
- Website
- NMLS #: 14024
Landon has been originating mortgage loans for over 15 years. Whether you’re buying, selling, refinancing, or building your dream home, you have a lot riding on your loan specialist. Since market conditions and mortgage programs change frequently, you need a top professional who is able to give you quick and accurate information. As an experienced loan officer, Landon has the knowledge and expertise you need to explore the many financing options available. Ensuring that you make the right choice for you and your family is his ultimate goal, and he is committed to providing his customers with mortgage services that exceed their expectations. Idaho First Mortgage is licensed to lend nationwide!
Idaho First Mortgage specializes in home lending for purchase transactions
• Conventional
• FHA
• VA
• USDA Rural Development loans
• 100% financing options with NO money down
• Grant and down payment assistance programs
• VA and USDA 100% financing
• High balance loans over $417,00010% down
• No mortgage insurance
• Refinance transactions
• No closing cost options available for
• FHA streamline
• VA Interest Rate Reduction
• Conventional Financing
Get Pre-Approval
Before you start looking for a home to buy, it’s a good idea to meet with your Loan Officer to get pre-approved for a loan amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, W-2 forms, pay stubs, Federal Tax Returns and recent bank statements. There are a variety of different loan programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
We Help You Get The Best Loan
Start The Process
We’ll help you find the best local loan officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
Application & Processing
What happens when a loan goes "live"
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the loan is sent to an underwriter, who reviews and approves the entire loan if it meets compliance.
Closing
Signing and Finalizing the deal
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your loan is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the loan is recorded and you get the keys. Congratulations, happy homeowner!
