100% financing for Idhao first time home buyers
Updated Oct. 9, 2013
In Idaho, we have a new program for first time home buyers. It allows for zero down payment and a low 30year fixed rate mortgage. Its not an FHA loan, but a conventional loan. There are some qualifications you must meet:. *680 or higher fico score. *Debt to income ratio of 45% or less. *Must have $1000 into transaction. This...

FHA Mortgage Insurance Premiums to increase Sept. 7th
Updated Oct. 9, 2013
This just in, according to HUD Secretary Stevens, the Monthly Mortgage Insurance Premiums will increase on most FHA loans approx. .35%. The upfront portion of the Mortgage Insurance Premium will decrease 1% on all new FHA loans on Sept. 7th. (announcement here: http://portal.hud...

Is it possible to buy a home with a Reverse Mortgage?
Updated Oct. 9, 2013
Yes, it is!. In Idaho, we have had the ability to provide the Reverse Mortgage Purchase Program, aka HECM for Purchase, for almost 2 years.. The Reverse Mortgage for Purchase Program is similar to the traditional Reverse Mortgage in that:Its for borrowers 62 and up. There are no monthly payments as long as you live in...