Conventional Financing

Low mortgage rates and low mortgage insurance
 

 

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Why Should 1st Choice Mortgage, Be Your First Choice?

 

Conventional Purchase

  • As little as 3% required for down payment
  • Conventional mortgage rates
  • Minimum FICO Score 620
  • Owner Occupied, Second Home or Investment Property
  • Monthly Mortgage Insurance potentially removable, see requirements here.
  • Single Family Home, New Construction, Condo, Duplex, Manufactured homes.
  • Bankruptcy 7: 4 years from Discharge
  • Foreclosure/Shortsale:  4 months from Discharge

Link here for more info

Seller can pay all closing costs.

Conventional REFINANCE

  • Lower your interest rate or take your 30 Year loan to a 15 Year loan.
  • You can also do 80% Cash OUT Refinance.
  • Loans prior to 2009 potentiall eligible for HARP, see more info here.
  • FICO Score:  580 for IRRRL, 550 Cash out
  • Owner Occupied, 2nd Home or Investment Properties. 
  • No Monthly Mortgage Insurance if <80% Loan to value
  • Single family, Condo, Townhome, Manufactured homes
  • Bankruptcy 7:  4 years 

Link here for more info

Closing costs rolled into loan or paid in rate.

VA CONSTRUCTION

  • Work with a builder of your choice with the VA's One Time Close Construction Loan
  • Downpayment:  ZERO
  • FICO Scores down to:  550
  • Owner Occupied Only
  • No Monthly Mortgage Insurance
  • Single Family, Manufactured homes
  • Bankruptcy 7:  Discharged for 24 months
  • Foreclosure/Shortsale:  24 months from Discharge
  • VA funding fee waived for certain Veterns

Link here for more info

Seller can pay for all closing costs.

Let us Show You How Easy it is.

Answer a few SIMPLE Questions and experience why we are always the 1st Choice in Idaho!

Choose Your Loan TypeHow Much Would You Like to Borrow?Current Home Value OR Purchase PriceWhy are you Purchasing a New Home?
What is Your Credit Score?Estimated Down PaymentHow Did You Hear About Us?Are you a Veteran?
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1st Choice is only Licensed in Idaho.