Purchasing a home in Idaho is an exciting milestone, but it often comes with the challenge of saving for a 20% down payment. However, there is an alternative approach that can make homeownership more accessible for Idaho borrowers: mortgage insurance. In this blog post, we will explore the benefits of not putting 20% down on a home and instead opting for mortgage insurance, specifically tailored to the needs of Idaho residents. By understanding this local perspective, you can make an informed decision that aligns with your financial goals while embracing the opportunities offered by the Idaho housing market.

The Federal Housing Administration (FHA) has recently announced a significant reduction in its monthly mortgage insurance premium (MIP) from 0.85% to 0.55% for certain FHA loans, effective March 20, 2023. This move is expected to save homeowners thousands of dollars over the life of their mortgages, making homeownership more affordable and accessible for many. In this blog post, we will discuss what FHA loans are, what the MIP is, and how the recent reduction will benefit homebuyers.

In this blog:  IHA increases income limits, Mortgage rates also increasing, VA clarifies Realtor fees.

In this Blog:
FHA mortgage insurance to be reduced?
Refiance mortgage and pay off Student loans.
Lead generator for Realtors
Down Payment Assistance for Boise homes.

Rural Development nixed Realtor fees, FHA reverts back, Wells Fargo in trouble...again?

In this Blog:
Mortgage rates up a little
FHA HUGE announcement
Lead Generator!

In this blog:
-Rates don't like unemployment
-Mortgage Debt Relief Act
-Important upcoming Dates
-Guaranteed Lead Generator
-Castle and Cook get Cooked by CFPB