Real Estate Financing

The majority of real estate purchases require financing of some sort for buyers who are unable or unwilling to pay cash for the property. There has been a lot of turmoil in the financing market, and that can be another post. This post will provide a list of programs and contacts. Due to the numerous programs and providers, we can not list everyone, and if you would like to be listed in a future post, please contact us.

The mortgage providers consist of direct lenders like your bank or credit union, and indirect mortgage brokers. Most providers have a 30 year fixed rate mortgage. And then each provider may offer a number of other programs. This is why it is good while you are shopping around to talk to a couple of mortgage providers.

Direct Lenders

Idaho Central Credit Union has a number of Mortgage programs, and their website is   Idaho Central Credit Union

Mortgage Brokers

Academy Mortgage has access to most of the Federal and State Programs.   Academy Mortgage

There are also a number of Federal and State Programs. At the Federal level, there are VA Loans, USDA Loans, and FHA loans.

VA Loans

USDA Rural Development Loans

The Idaho Housing and Finance Association. Offers a number of programs for home buyers. It is worth checking out their website. The support FHA, VA, Conventional and USDA/Rural Development Loans. They provide support for downpayment assistance and buyer counseling. There is an income limit of $ 90k / year.

Idaho Housing and Finance

I hope this is helpful to help navigate the home buying process. I appreciate any feedback.    Dave Koeger