Idaho Housing Home Loans
Idaho housing home loans are available to help you purchase a home in Idaho. There are many different types of Idaho housing home loans available, each with its own set of eligibility requirements and benefits.
Some of the most common types of Idaho housing home loans include:
- FHA loans: FHA loans are insured by the Federal Housing Administration. They offer lower down payment requirements than conventional loans, making them a good option for first-time homebuyers and borrowers with less-than-perfect credit.
- USDA loans: USDA loans are guaranteed by the United States Department of Agriculture. They are available to borrowers who are purchasing homes in rural areas. USDA loans offer no down payment and have very low closing costs.
- VA loans: VA loans are guaranteed by the United States Department of Veterans Affairs. They are available to eligible veterans and active-duty military members. VA loans offer no down payment and have very low closing costs.
To be eligible for an Idaho housing home loan, you must meet certain requirements, such as having a good credit score and a stable income. The specific requirements vary depending on the type of loan you are applying for.
The application process for an Idaho housing home loan can be complex, but 1st Choice Mortgage is here to navigate and assist you with the process..
If you are interested in learning more about Idaho housing home loans, you can contact 1st Choice Mortgage today, and we can get you started.
Here are some of the benefits of using Idaho housing home loans:
- Low down payments: Many Idaho housing home loans offer low down payment requirements, making them a good option for first-time homebuyers and borrowers with less-than-perfect credit.
- Flexible credit requirements: Some Idaho housing home loans have flexible credit requirements, making them a good option for borrowers with credit challenges.
- Closign Cost Assistance: Some Idaho housing home loans offer closing costs assistance, which can save you money.
- Government guarantees: Many Idaho housing home loans are guaranteed by the government, which reduces the risk for lenders and can make it easier to qualify for a loan.
If you are considering buying a home in Idaho, an Idaho housing home loan may be a good option for you. Give 1st Choice Mortgage a call TODAY!
Idaho Housing FHA/Conventional First Loan Plus (purchase)
Excellent Program for 1st time home buyers and sometimes 2nd time home buyers that offers 100% financing.
- 96.5% 1st Loan FHA, 97% Conventional
- Down Payment Assistance and Grants Available up to 10% Learn More
- Minimum Credit Score 580 for FHA, 620 For Conventional
- First Time Home Buyer required except for Targeted Counties in Idaho
- Seller can pay for ALL Closing Costs
- Temporary and Permanent Rate Buydowns available
- Borrower just needs to have .5% of purchase price into transaction
- Closing Costs Assistance Available.
- Online Home Buyer's Class Required
- Family Income Restrictions
- Call for Details! (208) 375-LOAN
- Any Idaho County
Idaho Housing Preferred (purchase OR refinance)
Conventional loan with VERY loan Mortgage Insurance for 1st time home buyers.
- 97% 1st Loan
- 95% for Manufactured Homes, purchase only.
- Down Payment Assistance and Grants Available up to 5% (More Info)
- Minimum Credit Score 620
- First Time Home Buyer Requirements
- Seller can pay for ALL Closing Costs
- Temporary and Permanent Rate Buydowns available
- Borrower just needs to have .5% of purchase price into transaction
- Home Buyer Class required
- Family Income Restrictions
- Call for Details! (208) 375-LOAN
- Any Idaho County
Idaho Housing FHA (purchase OR refinance)
We offer GREAT FHA loans throughout Idaho for both 1st Time Home Buyers and 2nd & Time Home Buyers!
- 96.5% 1st Loan
- Down Payment Assistance and Grants Available up to 5% (More Info)
- Minimum Credit Score 580
- NO First Time Home Buyer Requirements
- Seller can pay for ALL closing costs
- Temporary and Permanent Rate Buydowns available
- Borrower just needs to have .5% of purchase price into the transaction
- Home Buyer Class may not be required
- Family Income Restrictions
- <$150,000 (as of 05/23/2022)
- Any Idaho County
Idaho Housing USDA Rural Development (purchase OR refinance)
RD loans throughout Idaho in qualified areas, GREAT 100% loan with VERY low mortgage insurance
- 100% Financing
- NO DOWNPAYMENT REQUIRED (More Info)
- Minimum Credit Score 620
- NO First Time Home Buyer Requirements
- Seller can pay for ALL closing co.5% of purchase price into transaction
- Home Buyer Class may not be required
- Family Income Restrictions
- Geographical Restrictions
- Learn more about Rural Home Loans
Idaho Housing Conventional Loans (purchase OR refinance)
We offer many Idaho Housing Conventional loans, 30 year, 20 year, and 15 year loans
- 95% Financing
- Down Payment Assistance and Grants Available up to 5% (More Info)
- Minimum Credit Score 620
- No First Time Home Buyer Requirements
- Seller can pay for ALL closing costs
- Temporary and Permanent Rate Buydowns available
- Borrower just needs to have .5% of purchase price into transaction
- Home Buyer Class may not be required
- Family Income Restrictions
- <$150,000 (as of 05/23/2022)
- Any Idaho County