Home Loans for Every Homeowner
Make your dream home a reality with unbeatable home loans in Idaho and West Wyoming from your neighbors at Advantage Plus.
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Move In, Build New, or Upgrade Your Space With Advantage Plus
Looking to buy your first home, build new, or upgrade your current space? Our local loan experts are ready to match your dream home with flexible home loan rates designed to fit your needs and budget.
Mortgage Loans
Buy or refinance your home with competitive mortgage rates and free pre-approval.
| Loan Options | Best For | Down Payment | Terms Available | Credit Score Needed |
|---|---|---|---|---|
| Fixed Rate Loan | Buyers who want stable, predictable payments | Typically 3–20% | 10, 15, 20, and 30 years | 620+ |
| Adjustable Rate Mortgage (ARM) | Buyers who plan to sell or refinance within a few years | Typically 3–20% | 1–10 years initial fixed, then adjustable | 620+ |
| FHA Loan | Buyers who need federal assistance and low down payments | 3.5% | 15 or 30 years | 580+ |
| Rural Development Loans | Borrowers to purchase a home with no money down | 0–2% | 30 years | 640+ |
| First-Time Homebuyer | First-time homebuyers who need lower costs and expert guidance | Minimal to 3% | Varies by program | 620+ |
| VA Loan | Veterans and active-duty service members* | 0% | 15 or 30 years | Typically no minimum, but some lenders may require 620+ |
| Lot and Construction Loans | Buying land or building a home from the ground up | Varies, often 10–20% | Tied to construction periods | 620+ |
Construction Loans
Pick your perfect parcel of land and finance your new build with a construction loan. Our program offers the following:
- Competitive interest rates
- An easy application process
- A convenient draw schedule
- Options to convert to a full mortgage to save on closing costs
- Unsurpassed personal service
- Local decision making
- A fast and easy approval process
Home Equity Lines of Credit
Tap into your home’s equity to fund home improvements, auto projects, or other expenses. With a home equity line of credit (HELOC), you get the following:
- Competitive home equity loan rates for a variety of terms
- Approval amount based on your home’s market value
- Reusable access (i.e., funds become available as you pay down your balance)
- Easy, instant access to funds with a debit card, with a check, or in a branch
- Only pay interest on what you use
- Potentially tax-deductible interest
- Unsurpassed personal service
- Local decision-making for a fast and easy approval process
Add-On Coverage
Ask us about attaching credit life protection to your credit line.
What You Need to Qualify for a Home Loan
Thinking about a mortgage, construction loan, or home equity line of credit? Here’s what you’ll need to qualify, depending on the type of loan you need:
Mortgages
For most mortgage loans, you’ll need the following:
- At least a 620 credit score
- Stable employment history
- A down payment of 3-20% depending on the loan
- An acceptable debt-to-income ratio
- A property appraisal to confirm the home’s value
Refinancing
To refinance your mortgage loan, you’ll need the following:
- Details of your current mortgage
- Sufficient home equity
- Income verification to confirm repayment ability
- A property appraisal to determine the current market value
Construction
To qualify for construction loans, you’ll need the following:
- Building plans and timeline
- Contact information of your contractor
- Land ownership or purchase agreement
- A larger down payment
HELOC
To qualify for a HELOC, you’ll need the following:
- A minimum amount of home equity
- Sufficient credit and income to support repayment
- A property appraisal to confirm your home’s current value
Secure Home Lending, Close to Home
Your home is one of your biggest investments, and we promise to protect yours with secure home lending, close to home.
Local Decision Making
Get faster approvals made with our credit union in Southeast Idaho and Star Valley, Wyoming, by people who know you and your community.
Personal Service
Enjoy friendly conversations with neighbors who listen and care.
Member Rewards
Earn dividends, cash back, and exclusive member benefits just for banking with us.
Let’s Get You Home
Applying for a home loan has never been easier. Begin today, and let’s get you home:
Complete Your Initial Application: Apply online in just minutes and start your path toward homeownership.
Upload Documents: Securely provide any necessary paperwork to help us process your loan quickly.
Get Pre-Approved for FREE: Know your borrowing power within hours, with no impact on your credit score.
Find Your Home (or Land): Shop with confidence, knowing that your financing is ready and tailored to your needs.
Close on Your Home and Celebrate: Sign your documents, secure your keys, and settle into your new home!
Have Questions?
Contact our local loan experts or stop by a local branch to get the answers you need.
Home Loans Frequently Asked Questions
What is the difference between pre-qualification and pre-approval for a home loan?
Pre-qualifying for a home loan is the initial estimate of how much you’re eligible to borrow. Pre-approval for a home loan is where a lender verifies your documents and gives you a specific loan document to show sellers that you’re a serious buyer.
How much down payment do I need for a home loan?
The amount you need for a down payment depends on the type of home loan. For first-time home buyers, you can put down a minimum of 3%, whereas a fixed-rate loan can require up to 20%.
What credit score do I need for a home loan?
Most home loans require a 620+ credit score, but the exact requirement depends on the type of loan:
- FHA loans allow lower scores, starting around 580.
- VA loans may not have a minimum score, but some lenders may require one.
Lenders also consider other factors — like your employment history and income — aside from your credit score.
How long does closing on a home loan take?
Different loans take longer to close than others, but most take about 35-45 days on average.
Can I pay off my mortgage loan early?
Yes, you can pay off your mortgage loan early by making extra payments toward your principal balance or refinancing your current mortgage into a shorter-term.