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Financing in Boise : Real Estate Advice

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  • Local Info10
  • Home Buying96
  • Home Selling32
  • Market Conditions11

Activity 15
Joe Borelli, Real Estate Pro in Riverview, FL
Tue Jul 26, 2016
Joe Borelli answered:
Here is the list of FHA approved lenders who have closed at least one 203K program in the past year in Idaho:

http://203klenders.org/idaho-id/
0 votes 9 answers Share Flag
Tia Adams, Real Estate Pro in Eagle, ID
Wed Jul 9, 2014
Tia Adams answered:
Great contact information Shannon, I have not found a lender yet to offer loans on mobile homes.
0 votes 7 answers Share Flag
Thomas Ives, Real Estate Pro in Star, ID
Mon Mar 17, 2014
Thomas Ives answered:
Hello Glen (?), I was just finishing up a search for another client for owner carry homes. Call or email, and I would be happy to keep you in the know when such homes come onto the market. Thom, 284.4285, thom.ives@gmail.com ... more
0 votes 11 answers Share Flag
Thomas Ives, Real Estate Pro in Star, ID
Sat Jan 25, 2014
Thomas Ives answered:
There are two places that I recommend to clients, and they've been pleased with them:
1) Hopkins Financial, Address: 910 E Carol St, Meridian, ID 83646, Phone:(208) 467-5467
2) Jerry Robinson, Loan Specialist, 1st Choice Mortgage, 3023 E. Copper Point Dr., Suite 101, Meridian, ID 83642, Phone: 208-375-LOAN(5626), Cell: 208-941-1778, Email: Jerry@375Loan.com ... more
0 votes 7 answers Share Flag
Sharon Walker, Real Estate Pro in Boise, ID
Mon Nov 28, 2011
Sharon Walker answered:
Bill,

Go to fanniemae.com or freddiemac.com and check to see if your loan is owned by one of these entities. After you find that out, call your mortgage servicer and ask them when they will be starting the HARP program for refinancing existing loans. They should be able to give you the guidelines and from that you should know if you qualify. I am unsure at this time if you need to refinance under your existing servicer or whether you have the option of using another lender. I have heard both ways. There are additional guidelines that you will need to qualify for and at this time, I believe some of the information isn't exactly clear. Let me know if you need additional help. ... more
0 votes 4 answers Share Flag
Wayne Bright…,  in 83702
Wed Jul 27, 2011
Wayne Bright (208) 286-8660 answered:
I can assist. Call me today and we can discuss.



Respects

Wayne Bright
Realtor
Keller Williams Boise
208-286-8660
0 votes 7 answers Share Flag
Sharon Walker, Real Estate Pro in Boise, ID
Fri Sep 17, 2010
Sharon Walker answered:
Yes there are. Getting in touch with a lender that can tell you what type of loans are available is a great way to start. They can give you information on what type of loan will work best for you and what loans are available with zero down. Idaho Housing and Rural Development have 0 down programs so let me know if you would like the name of a good lender to talk to you. Now is the time to make the move. ... more
0 votes 5 answers Share Flag
Aaron Catt, Real Estate Pro in Meridian, ID
Sat Aug 21, 2010
Aaron Catt answered:
Yep, go to another underwriter. I'd do it soon too, that way your credit doesn't take a beating.

You may talk to 2 or 3 more...at least.

I have a few recommendations for you if you like. Just email me. ... more
0 votes 9 answers Share Flag
Craig Ballha…,  in Boise, ID
Wed Jun 9, 2010
Craig Ballhagen answered:
Home Path financing with Guild Mortgage of Boise offers 10% for rental property purchases with no mortgage insurance and no appraisal
0 votes 6 answers Share Flag
Nicole St. A…, Real Estate Pro in Pensacola, FL
Thu Feb 18, 2010
Nicole St. Aubin answered:
I recently had a buyer who found a listing on Realytrac and wanted me to pay the yearly fee to sign up to get the address and more information. Turns out- it was a property going to foreclosure here at the county courthouse steps, which is a matter of free, public record. Trulia, Zillow, Realtor.com, and other sites should have the same Bank Owned listed properties, although it wouldn't have information about upcoming properties to be foreclosed, like realtytrac does. However, the information they do give you on these is not enough to actually proceed with a purchase so you still have to research it! Plus, you have to have cash in order to make those types of purchases, so my buyer was let down after all the research. If you have cash, it may be a good idea to use their leads on upcoming foreclosures, but if not, I'd say most of the bank owned foreclosures are being listed by realtors and inputted into MLS as well as sites like this one.

I give Realty Trac a thumbs down and trulia a big thumbs up for being free! Just my opinion!
... more
0 votes 10 answers Share Flag
William Pola…, Real Estate Pro in Suwanee, GA
Mon Dec 7, 2009
William Polack answered:
Mr. Shellington is right. Life insurance attached to the mortgage benefits only one person, the lender. It decreases over time while the premium (payment) stays the same. The cost is relatively lower than that of term life insurance and I don't believe they question your health as much as a term policy does. If something happens to you, the lender is paid off and your family is left with no money to pay the taxes, insurance and food, clothing, electricity, child care, gasoline etc. Term life policies would have the money going to the family and allowing the family to decide if they want to pay off the house, sell it or just let it go back to the bank (if the house is only in your name). The process of insurance through the lender could take time and during that time, your family has to continue to make the payments and live without your income. If you health is an issue, you may want to look into a universal whole life policy. It's a little more expensive, but may be more worth it. In order to know how much insurance to buy, use the DIME calculation: Debt, Income, Mortgage, Education. How much joint debt do you have to pay off, how much income of yours, will your family need per month to survive on? Paying off the mortgage and pay education for kids, grand kids, relatives, or create scholarship programs for others. Let me know if you have more questions about insurance as I'm running out of space. ... more
0 votes 2 answers Share Flag
.,  in Boise, ID
Sat Aug 15, 2009
. answered:
Treasure Valley Agents, My motto is always to "under promise and over deliver" so, when your current Lenders are taking days to call you back about the status of a borrower in progress, Call me .. I believe in thorough Communication at all times!

Wayne Bright
Evergreen Home Loans
Boise ID
208-318-3702
... more
0 votes 1 answer Share Flag
Craig Ballha…,  in Boise, ID
Sat Jul 4, 2009
Craig Ballhagen answered:
The best first time buyer loan would be an Idaho Housing first mortgage, usually FHA, and a tax credit second (640 credit score) or a good rewards second (min of 700 score). The 2 combined would be 100% of the purchase price. The seller can contribute up to 3% of the purchase price for closing costs and prepaid items.
If you purchase in a rural area (Kuna) for example, the Rural development is the very best with 100% loan and no mortgage insurance.
... more
0 votes 2 answers Share Flag
Tom Ashworth, Real Estate Pro in Burnet, TX
Sun Mar 29, 2009
Tom Ashworth answered:
Amanda, I would talk to a mortgage broker about this. It is free, so why not give one a call.
0 votes 6 answers Share Flag
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