Idaho Home owners are facing declining house prices. With falling housing prices it is hard to refinance a home mortgage and take advantage of the great interest rates available. The problem home owners have with refinancing when housing prices have fallen is that many home owners are upside down in there home.
Continue reading...Friday, October 30, 2009
Idaho NSP Homeownership Assistance 20% down payment assistance program is a deferred Payment Loan and is due on the sale of the property. This zero interest loan is for foreclosures only (no short sales) ! The main details for this loan are below: - Homeownership assistance provides funds for closing costs, interest write downs, and principal write downs - Home must be a foreclosure (no short sales) and the bank must be willing to discount the property by 1% from the appraised value - Borrowers income must be 120% or below area median income - NSP home ownership assistance can provide up to 20% of the sales price in assistance, not to exceed $40,000 and based on need. This loan is in the form of a zero percent (0%) deferred loan due on the sale of the property.
Continue reading...Friday, October 30, 2009
The Idaho $8,000 First-Time Home Buyer tax credit is on the verge of extension. The Idaho First-Time Home Buyer Tax Credit is set to be extended until April 30, 2010 if it passes legislation. As it stands right now the tax credit is set to expire on December 1, 2009.
Continue reading...Wednesday, October 28, 2009
No money for a down payment ? No problem, try an Idaho USDA Rural Development Home Loan.
Continue reading...Tuesday, September 1, 2009
There are 3 Great Idaho First-Time Home Buyer Mortgage Loans that I recommend to my clients looking to purchase a home.
Continue reading...Thursday, July 2, 2009
Idaho Housing and Finance Association (IHFA) Zero Down 100% Financing for First-Time Home Buyers. IHFA has a few different loan programs and options for getting 100% financing on the purchase of a property. The definition of a first-time home buyer is any person not owning a home within the past three years. It is an exciting time to be a first-time home buyer
Continue reading...Wednesday, July 1, 2009
Idaho USDA Rural Development (RD) Zero Down 100% Financing loans are great for First-Time Home Buyers . One of the great things about USDA Rural Development loans is you can get 100% financing for the purchase of your home. There are borrower income limits and properties in certain areas are not eligible
Continue reading...Wednesday, June 10, 2009
How does the Idaho HECM Reverse Mortgage Loan Work?
Continue reading...Wednesday, June 10, 2009
There are many Common Idaho FHA (HECM) Reverse Mortgage questions along with the many myths pertaining to the loan.
Continue reading...Thursday, May 14, 2009
There are many wondering, can I use my $8,000 tax credit as a down payment in Idaho? There are many rumors circulating about the possibility of Idaho First-time homebuyers being able to use their $8,000 tax credit as a down payment
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Sunday, November 22, 2009
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