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.
Idaho Central Credit Union has a number of Mortgage programs, and their website is Idaho Central Credit Union
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.
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.
I hope this is helpful to help navigate the home buying process. I appreciate any feedback. Dave Koeger email@example.com