FHA Mortgage for ALL types of homes!

FHA provides lots of opportunities for getting a home mortgage,
EVEN with challenged credit!

Purchase a Home Qualifier  Refinance a Home Qualifier

FHA Home Mortgage Loans in Idaho

FHA Home Purchase Standard Mortgage

The FHA mortgage program allows home buyers with little to challenged credit to become homeowners.

 

FHA Home Purchase 500 Program Mortgage

FHA home mortgage program that allows a person with less than stellar credit to get into a home with minimal down payment.

  • Minimum FICO Score: 500
  • Minimum Down Payment: 10%
  • Down Payment from a Gift:  Yes! (Gift Information)
  • Debt to Income Ratio:  31% Housing, 43% Total
  • FHA Loan Limits:  View FHA loan limits
  • Seller can pay up to 6% towards Closing Costs
  • Foreclosure:  3 years after Discharge
  • Bankruptcy 7:  2 years after Discharge
  • Single Family, 2-4 Units, Townhomes, Condos, Manufactured

More Information

 

FHA Home Purchase No Score Mortgage

Don't have a FICO score due to new credit or not enough credit? No problem!

 

FHA 203K Full / Streamline Mortgage

Found a home that needs a little fix up before you move in? FHA has a GREAT loan for you!

  • Minimum FICO Score: 580
  • Minimum Down Payment:  3.5% (Assistance Available)
  • Down Payment from a Gift:  Yes! (Gift Information)
  • Debt to Income:
    < 620: 31/43%
    > 620: Up to 55%
  • FHA Loan Limits:  View FHA loan limits
  • Seller can pay up to 6% towards Closing Costs
  • Foreclosure:  3 years after Discharge
  • Bankruptcy 7:  2 years after Discharge
  • Single Family, 2-4 Units, Townhomes, Condos, Manufactured.
  • Streamline:  Up to $35,000
  • Full:  Over $35,000 and Structural
  • Request more information click here

More Information

 

FHA Home Refinance Streamline / Regular Mortgage

Need to lower your interest rate or cash out some equity to pay bills.

  • Minimum FICO Score: 580
  • Loan to Value:  Up to 96.5%
  • Down Payment from a Gift:  N/A
  • Debt to Income:
    < 620: 31/43%
    > 620: Up to 55%
  • FHA Loan Limits:  View FHA loan limits
  • Single Family, 2-4 Units, Townhomes, Condos, Manufactured.
  • Foreclosure:  3 years after Discharge
  • Bankruptcy 7:  2 years after Discharge
  • Single Family, 2-4 Units, Townhomes, Condos, Manufactured.
  • Appraisal:​
    Streamline = NONE!
  • Request more information click here
    Regular = Yes need one.

LET US SHOW YOU HOW EASY IT IS.

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

Purchase a Home Qualifier Refinance a Home Qualifier

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FHA Home Loans

FHA or Federal Housing Associated Mortgage are guaranteed by the US Government, similar to VA or Veteran Administration and RD or Rural Development loans.  The FHA mortgage typically has a 3.5% down payment requirement and allow for borrowers with not so perfect credit or lower income.  A FHA Mortgage also allow for lenders & community members to have down payment assistance programs available.  In the case of Idaho, Idaho Housing and Finance offers FHA down payment assistance and closing cost assistance for first time home buyers and sometimes for 2nd time home buyers.  

FHA does require 2 fees, or Mortgage Insurance.  The 1st Fee is an upfront mortgage insurance, which is a percentage of the loan amount, that is added to the loan amount.  The second FHA mortgage insurance fee is a monthly mortgage insurance.  This is part of a borrower's escrow account, and each month a certain amount is collected in the mortgage payment.  Both of these fees are then sent to FHA, and it pays out forclosures in case that happens.  Even if you put more than 20% down, on a FHA mortgage, you will still have to have FHA Mortgage Insurance.

Need to know more, give us a call, we are Professional Mortgage Brokers.