Loan Products

Idaho Housing Program

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First Time Home Buyer Programs

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Down Payment Assistance

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Minimum .5% funds from home buyer

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Reduced Mortgage Insurance coverage

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Flexible underwriting guidelines for first-time home buyers

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Can be combined with FHA, VA, USDA, or Conventional Financing

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Options for Non-First Time Home Buyers

FHA Loan Program

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Fixed Rate or Adjustable Rate Options Available

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Standard 3.5% down payment

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FHA County Limit – Jefferson, Bonneville, Madision, Fremont, and Bingham Counties up to $314,827

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Some areas such as Teton, Lincoln, Blaine, and Camas Counties will go to $646,300

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Flexible underwriting guidelines for first-time home buyers

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Set mortgage insurance rates regardless of credit score at .85%

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Bankruptcy and foreclosure guidelines that are less strict than conventional

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85% Cash-Out Refinance Options

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FHA Streamline Refinance no appraisal or income requirements

FHA Loan Program

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Standard 3.5% down payment

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Fixed Rate or Adjustable Rate Options Available

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FHA County Limit – Jefferson, Bonneville, Madision, Fremont, and Bingham Counties up to $314,827

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Some areas such as Teton, Lincoln, Blaine, and Camas counites will go to $646,300

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Set mortgage insurance rates regardless of credit score at .85%

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Flexible underwriting guidelines for first-time home buyers

Z

Bankruptcy and foreclosure guidelines that are less strict than conventional

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85% Cash-Out Refinance Options

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FHA Streamline Refinance no appraisal or income requirements

VA Loan Program

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100% financing on purchase transactions

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No Mortgage Insurance

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Lending guidelines that are more forgiving that standard conventional products

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Available for those who have eligibility through the Veterans Administration

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100% Cash-Out options available

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VA Streamline with no appraisal or income requirements

USDA Loan Program

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Rural Housing Program available in rural areas throughout Idaho

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100% financing

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Set Mortgage Insurance rates regardless of credit score at .35%

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Mortgage Insurance rates are less than FHA, and often less than conventional

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Income limits set by USDA

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Great for families who are looking to get into a home with little or no money down

USDA Loan Program

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Rural Housing Program available in rural areas throughout Idaho

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100% financing

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Set Mortgage Insurance rates regardless of credit score at .35%

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Mortgage Insurance rates are less than FHA, and often less than conventional

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Income limits set by USDA

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Great for families who are looking to get into a home with little or no money down

Conventional Loan Program

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Fixed Rate or Adjustable Rate options available

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Standard 5% down payment

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Conforming County Limits – Jefferson, Bonneville, Madison, Fremont, and Bingham Counties up to $484,350.

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Some areas in the state are high-cost, such as Teton, Lincoln, Blaine, and Camas $625,500

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Fannie Mae Direct Underwriting Guidelines