1. Check your credit score and report. Your credit score is one of the most important factors that lenders consider when approving a home loan application. A good credit score shows lenders that you're a responsible borrower and that you're likely to repay your loan on time. You can get a free copy of your credit report from each of the three major credit bureaus once a year at annualcreditreport.com.

2. Pay down debt. The more debt you have, the less money you'll have to put towards a down payment and monthly mortgage payments. Lenders also use your debt-to-income ratio (DTI) to determine how much money you can afford to borrow. Your DTI is the percentage of your monthly income that goes towards debt payments. A DTI of 43% or lower is generally considered to be ideal.

3. Save for a down payment. A down payment is a percentage of the purchase price of the home that you'll pay upfront. The larger your down payment, the lower your monthly mortgage payments will be. Lenders typically require a down payment of at least 3%, but a larger down payment will give you a better chance of getting approved for a loan and getting a lower interest rate.

4. Get pre-approved for a mortgage. Getting pre-approved for a mortgage is a great way to find out how much money you can borrow and what your monthly payments will be. It also shows sellers that you're a serious buyer and that you're likely to be able to finance the purchase of the home. You can get pre-approved for a mortgage through 1st Choice Mortgage, it can be as fast as 15 minutes.

5. Work with a local lender. Local lenders are more familiar with the Idaho housing market and the different types of home loan programs that are available. They can also help you navigate the home buying process and make sure that you're getting the best deal possible on your loan. 1st Choice Mortgage is your LOCAL LENDER!! We have been doing loans in Idaho for over 30 years.

6. Look for down payment assistance programs. There are a number of down payment assistance programs available in Idaho that can help you afford a down payment on a home. These programs are typically offered by state and local governments, as well as non-profit organizations. Also, in Idaho, there is down payment assistance programs through Idaho Housing, you can find some of those programs here: https://www.375loan.com/loan_products/down_payment_assistance/

7. Consider a government-backed loan. Government-backed loans, such as FHA loans and VA loans, can be a good option for borrowers with lower credit scores or smaller down payments. Need more information, here are some links to: FHA Loan Information and VA Loan Information

8. Avoid opening new lines of credit or making large purchases before you apply for a mortgage. Opening new lines of credit or making large purchases can lower your credit score and make it more difficult to get approved for a loan.

9. Be honest and upfront on your mortgage application. Don't try to hide any information from your lender. They will find out anyway, and it will only hurt your chances of getting approved for a loan.

10. Be patient and persistent. Getting approved for a home loan can take some time and effort. Don't get discouraged if you get rejected at first. Keep working on improving your credit score, paying down debt, and saving for a down payment. Eventually, you'll be approved for a home loan and you'll be one step closer to buying your dream home.

1. Clean, clean, and clean again

The most important thing you can do to prepare your home for showings is to clean it thoroughly. This means cleaning every room in your house, from the top to the bottom. Pay special attention to high-traffic areas like the kitchen and bathrooms. You may also want to consider hiring a professional cleaning service to ensure that your home is spotless.

2. Make minor repairs

Take a walk through your home and make a list of any minor repairs that need to be done. This could include things like fixing loose doorknobs, repairing leaky faucets, and patching holes in the walls. Even small repairs can make a big difference in how your home looks to potential buyers.

3. Declutter and depersonalize

Potential buyers want to be able to imagine themselves living in your home, so it's important to declutter and depersonalize your space. This means packing away any personal items, such as family photos, religious symbols, and political memorabilia, guns, dead animals. You may also want to remove any furniture or other items that make your home feel cramped.

4. Stage your home

Home staging is the process of arranging your furniture and accessories in a way that makes your home look its best. If you're not sure how to stage your home yourself, you can hire a professional stager.

5. Let in the natural light

Natural light can make your home look brighter and more inviting. Open up your curtains and blinds during showings to let in as much natural light as possible.

6. Appeal to the senses

While most buyers will be focused on the visual aspects of your home, it's important to appeal to their other senses as well. This means making your home smell good by baking cookies or lighting candles. You may also want to play some soft music in the background.

7. Be prepared to answer questions

Potential buyers will likely have questions about your home, so it's important to be prepared to answer them. This means knowing things like the square footage of your home, the age of the roof, and the last time the HVAC system was serviced. You may also want to prepare a list of features and upgrades that make your home unique. Ensure you REALTOR knows this information.

8. Make it easy to show your home

If you want to sell your home quickly, it's important to make it easy for potential buyers to see it. This means being flexible with your showing schedule and having someone available to show your home at short notice.

9. Be discreet during showings

When potential buyers are touring your home, it's important to be discreet. This means staying in the background and avoiding interrupting their conversation. It's also important to avoid answering any questions about your personal life. Best case, vacate the home and go for some coffee.

10. Follow up with potential buyers

After a showing, it's a good idea to have your REALTOR follow up with potential buyers by sending them a thank-you note or email. This is a great way to stay in touch and answer any questions they may have.

By following these tips, you can make sure your home is in its best possible condition for showings. This will help you attract more buyers and sell your home quickly and for the best possible price.

Dos:

• Hire a real estate agent. A good real estate agent can help you price your home correctly, market it effectively, and negotiate on your behalf. They can also save you a lot of time and stress throughout the process.  Need an agent, 1st Choice works with some of the best agents in Idaho, call us today.
• Get your home inspected. A home inspection is a must-do for any home seller. It will identify any potential problems with your home that could deter buyers or negotiate a lower price.
• Make necessary repairs. Once you have your home inspection report, make any necessary repairs. This will help your home show its best and avoid any surprises for buyers.
• Stage your home. Staging is the process of making your home look its best for potential buyers. This may involve decluttering, rearranging furniture, and adding fresh paint or flowers.
• Be flexible with showings. Buyers will want to see your home at different times of day and on different days of the week. Be as accommodating as possible to make it easy for them to see your home.

Don'ts:

• Overprice your home. If you price your home too high, it will likely sit on the market for a long time.
• Neglect minor repairs. Even small repairs can make a big difference to buyers. Don't put off fixing any problems with your home, no matter how small they may seem.
• Be too emotional. Selling your home can be an emotional process, but it's important to stay calm and collected. Don't take offers personally or make any rash decisions.
• Forget about closing costs. Closing costs are fees that buyers and sellers pay when a home sale is finalized. Be sure to budget for these costs when you're planning your sale.

By following these dos and don'ts, you can increase your chances of selling your home quickly and for top dollar.

1. Pre-approval

Getting pre-approved for a mortgage is one of the most important steps in the homebuying process. It shows sellers that you're a serious buyer and gives you an idea of how much you can afford to spend.

2. Down payment

The down payment is the amount of money you'll need to pay upfront for your home. The minimum down payment for a conventional loan is 3%, but you may want to put down more to avoid paying private mortgage insurance (PMI).

3. Closing costs

Closing costs are fees associated with buying a home, such as appraisal fees, title insurance, and loan origination fees. These costs can add up to several thousand dollars, so it's important to factor them into your budget.

4. Earnest money deposit

An earnest money deposit is a sum of money you'll put down to show the seller that you're serious about buying their home. The earnest money deposit is typically 1% to 3% of the purchase price and is applied to your down payment at closing.

5. Home inspection

A home inspection is a visual examination of the home's physical condition. It's important to have a home inspection done before you buy a home so you're aware of any potential repairs that may be needed.

6. Appraisal

An appraisal is an estimate of the home's value. Lenders require appraisals to make sure they're not lending you more money than the home is worth.

7. Contingency clause

A contingency clause is a condition that must be met before the sale of the home can be finalized. Common contingency clauses include home inspection contingencies, financing contingencies, and appraisal contingencies.

8. Counteroffer

A counteroffer is an offer made by the buyer in response to the seller's offer. It can include changes to the purchase price, closing date, or other terms of the sale.

9. Closing

Closing is the final step in the homebuying process. It's when you'll sign all the paperwork and officially become the new homeowner.

10. Escrow

Escrow is a neutral third party that holds money and documents during a real estate transaction. Escrow ensures that all parties involved in the transaction meet their obligations.

Bonus phrase: Buyer's agent

A buyer's agent is a real estate agent who represents the buyer in a home purchase. Buyer's agents can help you find homes that meet your needs and budget, negotiate on your behalf, and guide you through the entire homebuying process.

1. Poor communication

Good communication is essential for any good relationship, but it's especially important in a real estate transaction. A bad real estate agent will be difficult to get in touch with, and they may not respond to your calls, texts, or emails promptly. They may also not be good at keeping you updated on the progress of your home purchase.

2. Lack of experience in the Boise market

The Boise and surrounding area real estate market is unique, and it's important to choose an agent who has experience in the area. An experienced agent will know the local market and be able to find you the right home for your needs, even in a competitive market.

3. Lack of knowledge about Boise homes

A good real estate agent should be knowledgeable about all aspects of Treasure Valley homes, including the different neighborhoods, schools, and amenities. If your agent doesn't seem to know what they're talking about, or they can't answer your questions about Boise homes, that's a red flag.

4. Unprofessional behavior

A good real estate agent should be professional at all times. This means being on time for appointments, dressing appropriately, and being respectful to you and other parties involved in the transaction. If your agent is unprofessional, it's a sign that they're not serious about their job.

5. Unethical behavior

Unethical behavior is the biggest red flag of all. A bad real estate agent may try to pressure you into buying a home you don't want, or they may lie to you about the condition of a home. They may also try to charge you hidden fees. If you suspect that your agent is behaving unethically, report them to the Idaho Real Estate Commission.

If you notice any of these warning signs, it's best to find a new real estate agent. There are plenty of good agents out there and 1st Choice Mortgage works with some of the BEST Realtors in Idaho!!

Here are some additional tips for finding a good real estate agent in the Treasure Valley:

• Ask 1st Choice Mortgage, we have been in the Treasure Valley for OVER 30 years.
• Ask your friends, family, and colleagues for recommendations.
• Read online reviews of real estate agents in Boise.
• Interview multiple agents before choosing one.
• Make sure the agent is licensed by the Idaho Real Estate Commission.

Buying a home in Boise can be a great experience, but it's important to choose a good real estate agent to help you navigate the process. By being aware of the warning signs and following these tips, you can find an agent who will help you find the perfect home for your needs.

If you're thinking about buying a home in Idaho, here are the top 5 things you should consider:

1. Location: The location of a home is one of the most important factors for many homebuyers in Idaho. They want to live in a safe, convenient, and family-friendly neighborhood. They also want to be close to their jobs, schools, and other amenities.

Some popular areas for homebuyers in Idaho include Boise, Meridian, Nampa, and Coeur d'Alene. These areas offer a variety of housing options, schools, and amenities, and they are all located in close proximity to outdoor recreation opportunities.

2. Size: The size of a home is another important consideration for many homebuyers in Idaho. They need to decide how much space they need for their family and lifestyle. Some homebuyers are looking for a small, starter home, while others are looking for a larger home with more bedrooms and bathrooms.

The average size of a home in Idaho is 2,300 square feet. However, there are homes of all sizes available, so you can find one that fits your needs.

3. Features: The features of a home can also be important to homebuyers in Idaho. They may be looking for a home with certain amenities, such as a swimming pool, a garage, or a finished basement. They may also be looking for a home that is energy efficient or has other green features.

Some of the most popular features in Idaho homes include a two-car garage, a backyard, and a mountain or foothills view.

4. Price: The price of a home is always a major consideration for homebuyers in Idaho. The median home price in Idaho is $425,000. However, the price of a home can vary depending on the location, size, and features of the home.

If you're on a budget, you may want to consider looking at homes in less desirable areas or homes that need some work.

5. Condition: The condition of a home is also important to homebuyers in Idaho. They want to make sure that the home is in good repair and that there are no major problems. They may also want to make sure that the home has been updated with modern features.

If you're buying an older home, be sure to have it inspected by a qualified professional. This will help you identify any potential problems and avoid costly repairs in the future.

In addition to these five factors, homebuyers in Idaho may also consider other factors, such as the school district, the crime rate, and the availability of public transportation. The best way to determine which factors are most important to you is to start by creating a list of your needs and wants. Once you have a list, you can start your search for the perfect home.

Here are some additional tips for homebuyers in Idaho:

• Get pre-approved for a mortgage before you start looking at homes. This will give you an idea of how much you can afford to spend. 1st Choice Mortgage can get you pre-approved in as little as 15 minutes.
• Work with a real estate agent who can help you find the right home for your needs and budget.  Don't have an agent, 1st Choice Mortgage can refer you to some of the best agents in Idaho.
• Be prepared to compromise. You may not be able to find a home that has everything you want, but you can find a home that meets most of your needs.
• Do your research. Before you make an offer on a home, be sure to do your research and understand the condition of the home and the neighborhood.

Buying a home is a big decision, but it can be a rewarding one. By considering the factors that are important to you and doing your research, you can find the perfect home for your family in Idaho.

1. Find a lender that specializes in mobile home loans

Not all lenders offer mobile home loans. So, the first step is to find a lender that specializes in this type of loan. You can do this by searching online or asking your real estate agent for recommendations. 1st Choice Mortgage has special programs, specificly for mobile home in Idaho. You can research those loan by following the link here: https://www.375loan.com/loan_products/mobile_home_financing/

2. Get pre-approved for a loan

Once you have contacted 1st Choice Mortgage, you will need to get pre-approved for a loan. This will give you an idea of how much money you can borrow and what your monthly payments will be.

3. Provide the lender with the necessary documentation

1st Choice Mortgage will need to see a variety of documentation in order to approve your loan. This includes your income statements, tax returns, and credit report.

4. Close on the loan

Once you have found the best loan, you will need to close on it. This is the final step in the process and it is when you will sign all of the paperwork and receive the money.

Here are some additional tips for getting a mobile home loan in Idaho that is in a park:

• Have a good credit score. Lenders will look at your credit score when they are deciding whether or not to approve your loan. A good credit score will help you get a better interest rate.
• Make a down payment. A down payment will also help you get a better interest rate. The more money you put down, the lower your monthly payments will be.
• Be prepared to pay closing costs. Closing costs are fees that are associated with getting a loan. They typically range from 2-5% of the loan amount.

If you are considering buying a mobile home in Idaho, it is important to do your research and understand the process of getting a loan. By following these tips, you can increase your chances of getting approved for a loan and financing your dream home.

1. Structural damage. This is one of the most serious problems that a home can have. Structural damage can be caused by a variety of factors, including foundation problems, water damage, and pests. If you find out that a home has structural damage, it's best to walk away.
2. Major water damage. Water damage can also be a major problem. It can cause mold growth, rotting wood, and other damage that can be expensive to repair. If you find out that a home has major water damage, it's best to walk away.
3. Termite infestation. Termites can be a  problem in certain locations in Idaho. They can cause extensive damage to a home, and they can be very difficult to get rid of. If you find out that a home has termites, it's best to walk away.
4. Septic system problems. If the home has a septic system, make sure to have it inspected by a professional. Septic system problems can be expensive to repair, and they can also be a health hazard.
5. Poorly-insulated home. If the home is poorly insulated, it can be very expensive to heat and cool. This can add up to a lot of money over time.
6. Location of the home. Consider the location of the home carefully. Is it in a floodplain? or a flood way? Is it near a busy road or airport? These factors can affect your quality of life and the value of your home.
7. HOA fees. If the home is part of a homeowners association (HOA), make sure to understand the HOA fees and restrictions. These fees can be expensive, and the restrictions can be restrictive.
8. Proximity to schools. If you have children, make sure to consider the proximity of the home to schools. This is especially important if you have young children.
9. Crime rate. Do some research on the crime rate in the area where the home is located. This is especially important if you have children or if you're concerned about your safety.
10. Zoning laws. Make sure to check the zoning laws for the area where the home is located. You don't want to buy a home that you can't use for the purpose you intended.

Here are some additional tips for avoiding problems when buying a home:

• Get a home inspection. This is the best way to uncover any hidden problems with the home.
• Do your research. Talk to neighbors, check the property records, and research the area.
• Get everything in writing. This includes the purchase agreement, the inspection report, and any other relevant documents.
• Don't be afraid to walk away. If you're not happy with the home, don't be afraid to walk away from the deal.

Buying a home is a big decision, but it doesn't have to be stressful. By doing your research and being prepared, you can avoid problems and find the perfect home for you.

• Median home prices: The median home price in Ada County rose in June for the third straight month, landing at $545,000. This is the highest median price since August of last year, but still cheaper than the median in June of 2022. In Canyon County, the median price fell slightly, to $405,000, from $415,000 a month ago. It's also less than the median price a year ago.
• Inventory: The number of homes available for sale on the last day of the month across the two counties totaled 2,106 – up for the fourth straight month. However, the inventory is lower than in June of 2022 when 3,326 houses were on the market.
• Days on market: The average home seller found a buyer in 33 days in Ada County, and 53 days in Canyon County. That's a little bit quicker in Ada County compared to May, and a little slower in Canyon County compared to the month before.

Overall, the Boise housing market is still considered to be a seller's market, but there are some signs that the market may be starting to cool. The slight decrease in median home prices in July and the increase in inventory are both positive signs for buyers. However, it's important to note that mortgage rates are still rising, which could make it more difficult for buyers to afford a home.

Here are some other factors to keep in mind when considering the Boise housing market:

• Job growth: The Boise area is one of the fastest-growing economies in the country, with strong job growth and low unemployment. This is attracting new residents to the area, which is putting upward pressure on home prices.
• Supply chain issues: The ongoing supply chain issues are also contributing to the high cost of housing in Boise. This is making it difficult for builders to get the materials they need to construct new homes, which is driving up the cost of new construction.
• Government policies: The Biden administration's proposed changes to the mortgage interest deduction could also have an impact on the Boise housing market. If the deduction is eliminated or reduced, it could make it more difficult for buyers to afford a home, which could lead to lower home prices.

It's important to stay up-to-date on the latest trends in the Boise housing market if you're thinking about buying or selling a home. A real estate agent can help you understand the market and make the best decision for your needs. If you need a GREAT agent, contact us today, we can find one for you that fits your needs and style

1. Idaho Housing Finance Association (IHFA)

Idaho Housing Finance Association offers a variety of programs tailored to first-time homebuyers, veterans, and low-income individuals. These programs provide down payment and closing cost assistance, making it easier for eligible individuals and families to buy their first home.  Find out more here:  https://www.375loan.com/loan_products/down_payment_assistance/

2. USDA Rural Development Loan
If you're looking to settle in rural areas of Idaho, the USDA Rural Development Loan might be your ticket to homeownership. This program provides low-interest loans and grants to eligible buyers, helping them secure affordable financing without a hefty down payment.  Find out more  here:  https://www.375loan.com/loan_products/usda_rural_development_home_loan/

3. Federal Housing Administration (FHA) Loans
Backed by the federal government, FHA loans are popular among homebuyers with limited funds for a down payment. These loans offer competitive interest rates and require a lower down payment compared to conventional mortgages.  Find out more here:  https://www.375loan.com/loan_products/fha_home_loans/

4. Idaho First-Time Home Buyer Savings Account
Idaho residents can take advantage of this unique program that allows them to save money specifically for the purchase of their first home. Contributions to this account are tax-deductible, and the earned interest is also tax-free.

5. Good Neighbor Next Door Program
Teachers, law enforcement officers, firefighters, and emergency medical technicians can benefit from the Good Neighbor Next Door Program. This initiative offers significant discounts on homes in designated revitalization areas, making homeownership more affordable for those who serve their communities.

6. Native American Direct Loan (NADL) Program
For eligible Native American veterans, the NADL program provides the opportunity to secure a VA-backed loan with favorable terms, including no down payment requirement.

7. Idaho Community Reinvestment Home Loan Program
This state-funded program assists low- to moderate-income homebuyers by offering low-interest loans and down payment assistance. It's aimed at revitalizing local communities and promoting affordable homeownership.

8. Idaho Housing and Finance Association's Good Credit Reward Program
If you've maintained good credit, this program can provide financial incentives to help you cover down payment and closing costs. It's a way to acknowledge responsible financial habits and make homeownership more attainable.  Find out more here:  https://www.375loan.com/loan_products/down_payment_assistance/

9. Employer-Assisted Housing Programs
Some employers in Idaho offer housing assistance programs to attract and retain employees. These programs may include down payment assistance, homebuyer education, and favorable home loan terms.

In conclusion, navigating the world of down payment assistance programs in Idaho doesn't have to be overwhelming. With these diverse options, aspiring homeowners can find the support they need to achieve their real estate goals. Whether you're a first-time buyer, a veteran, or someone in a specific profession, these programs open doors to affordable homeownership.