Innovative Program Helps Homebuyers Save on Upfront Costs and Makes Homeownership More Accessible
MERIDIAN, ID / ACCESS Newswire / February 21, 2025 / Premier Mortgage Resources, LLC (PMR), is excited to announce the launch of Premier Home Start, a groundbreaking down payment assistance program designed to make homeownership more accessible for buyers across the nation. This initiative offers flexible assistance options that help homebuyers secure financing without the burden of significant upfront costs.
The Premier Home Start program provides an FHA 30-Year Fixed-Rate Mortgage paired with down payment and closing cost assistance options, including repayable assistance of 3.5% and an amortized assistance option with a fixed rate 2% higher than the first mortgage over a 10-year term. Unlike many programs, Premier Home Start requires no borrower contribution and is based on the purchase price or appraised value, whichever is lower. Additionally, it can be combined with Mortgage Credit Certificates, grants, or other assistance programs.
"At Premier Mortgage Resources, we understand that saving for a down payment is one of the biggest obstacles preventing many families from achieving homeownership," said Cory Swain, CEO of PMR. "Premier Home Start is designed to remove that barrier, making it possible for more individuals and families to own a home, build equity, and invest in their future."
Who Qualifies?
Available nationwide (except New York)
Purchase only (no refinances)
No income limits
Minimum 600 FICO score
Loan-to-Value (LTV) 90% - 96.5%
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Eligible property types:
Primary residences (1-2 units)
Single-family homes, PUDs, townhomes, condos, attached/detached homes, modular & manufactured homes
Non-occupant borrowers allowed (family members or relatives only)
"We believe homeownership should be within reach for everyone, regardless of their financial starting point," said Mandi Feely-Swain, Senior Executive Vice President of PMR. "Premier Home Start reflects our commitment to creating opportunities for aspiring homeowners to secure a place they can truly call their own."
Premier Home Start represents PMR's ongoing dedication to innovative mortgage solutions that help prospective buyers navigate the complexities of home financing. By providing flexible down payment assistance options, the program aims to support individuals who may have otherwise struggled to meet traditional lending requirements.
Start your journey to homeownership today! For more information on Premier Home Start, visit Premier Mortgage Resources' website or contact a Premier Mortgage Resources loan officer.
About Premier Mortgage Resources
Founded on a commitment to helping all Americans realize the dream of homeownership, Premier Mortgage Resources (PMR) offers a full range of mortgage products, including FHA, VA, USDA, and conventional loans. Licensed or pending in all fifty states, PMR is driven by a dedication to operational excellence and a customer-first approach. Since 2022, PMR has operated as an Employee Stock Ownership Plan (ESOP) company, aligning the interests of employees and customers in every transaction.
Contact details
Company name: - Premier Mortgage Resources
Company NMLS: 1169 | Equal Housing Opportunity
Media Contact: Candace Ellington
Address: - 3363 E. Presidential Dr #200 Meridian, ID 83642
Main: (208) 629-0606
Fax: (888) 678-7090
Email: candace.ellington@pmrloans.com
Website: - https://www.pmrloans.com/
SOURCE: Premier Mortgage Resources
View the original press release on ACCESS Newswire
