Welcome to A1LoanLender Idaho Section!

About Idaho

Idaho is one of the safest states in the country with both property and crime rates ranking below average. In fact, Idaho is the safest state in the West. Moving to Idaho is perfect for you if safety is one of the key things you're considering. Idaho is a state in the Pacific Northwest region of the Western United States. Idaho is as well known for its potatoes, trout and precious stones as it is for its unspoiled, rugged landscapes.

The state boasts of a robust economy, breathtaking scenery, friendly people, and a lower cost of living. Most importantly, becoming a homeowner in Idaho is much easier than in other states. Besides, home insurance in Idaho is comparatively more affordable than the national average.

Part of the iconic Yellowstone National Park is in Idaho and it is just the beginning of many things to do in this beautiful state. For outdoor enthusiasts, there is fantastic skiing on Schweitzer Mountain, whitewater rafting, mountain biking, and fishing on the Big Wood River. Though Idaho might be most famous for its potatoes, the state serves plenty of other culinary gems, including ruby red trout, plump purple huckleberries and honeycomb-topped morel mushrooms. No matter the bounty, Idaho's edible options are as diverse as its rugged Rocky Mountain terrain.

"We just got new data from the U.S. Census Bureau and over the last year the net in-migration into Idaho was almost 50-thousand. That is a huge jump and it's a huge impact on the Idaho market, so that is driving the demand for home prices," Doug said. Based on the most recent reports from Idaho Realtors, the answer is a resounding "Yes!" with tight inventory keeping housing prices high in the state high. It's true that Idaho has one of the hottest real estate markets in the country, and for good reason. The top Idaho cities we are serving: Boise City, Meridian, Nampa, Idaho Falls, Caldwell, Pocatello, Coeur d'Alene, Twin Falls, Post Falls, Lewiston, Rexburg, Eagle, Moscow

  • Credit score requirements are lower compared to other loans.
  • Your lender can accept a lower down payment.
  • You could still qualify for an FHA loan if you have a bankruptcy or other financial issues in your history.
  • Closing costs can often be rolled into your loan.


Get approved to refinance. See expert-recommended refinance options and customize them to fit your budget.

Types of Loans in Idaho we are offering

All loans are not created equal, personal loan has become a great option for people to use.

First Time Home Buyer Idaho

When it comes to purchasing a home, you can get in with a little as 3.5% down if you have a median FICO® Score of 580. It's worth noting that if you have a score that low, you'll need to keep an equally low DTI. We require a ratio of no more than 38% before your mortgage payment is included, and no more than 45% after the inclusion of your payment.


FHA Loan Idaho

If you find yourself in a situation where you're in some other type of mortgage and you want to take advantage of lower rates, but your credit has taken a hit, you may want to look into an FHA rate/term refinance.


Hard Money Loan Idaho

An FHA Streamline allows those with existing FHA loans to do a rate/term refinance with a few special benefits. To begin with, you may be able to refinance into a lower rate even if you owe more on your home than it's worth.


VA Loan Idaho

A VA loan is a mortgage loan available through the U.S. Department of Veterans Affairs for service members, veterans, and their surviving spouses. VA loans typically have lower interest rates than conventional loans and require no down payment. They also come without mortgage insurance costs, which limit your buying power.


Idaho State Loan Eligibility

There are certain requirements borrowers must meet to qualify for an FHA loan (may differ case to case and lender to lender basis), including:

Home

• The home you consider must be appraised by an FHA-approved appraiser.
• You must occupy the property within 60 days of closing.
• You can only get a new FHA loan if the home you consider will be your primary residence, which means that it can't be an investment property or second home.
• An inspection must occur, and the inspection must report whether the property meets minimum property standards.

Credit Score

• The type of credit you have (whether you have credit cards, loans, etc.)
• Credit utilization, which is simply how much credit you use
• Whether you pay your bills on time
• The amount you owe on your credit cards
• How much new and recent credit you've taken on

FHA Loan Limits

• According to the Department of Housing and Urban Development, the maximum FHA lending amount for high-cost areas (such as large metropolitan areas) is up to $970,800 for 2022.
• The policies of lenders regarding Alaska and Hawaii do differ in terms of loan limits.
• In lower-cost areas, the FHA limit can dip as low as $420,680.
• Loan limits are set based on county property values.
• These are the limits for one-unit properties. If you have multiple units, limits may be higher.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Yes, you can pay off your FHA loan without a penalty for early pay off. HUD explains that a borrower may pre-pay an FHA mortgage in whole or in part and that the mortgage lender can't charge a penalty if you decide to do this.

A refinance occurs when the terms of an existing loan, such as interest rates, payment schedules, or other terms, are revised. Borrowers tend to refinance when interest rates fall. Refinancing involves the re-evaluation of a person or business's credit and repayment status.

We offer Refinance loan programs for those who want to leverage their existing real estate investment portfolio's equity to acquire additional assets in order to generate more recurring monthly cash flows without the hassle of providing income documentation that traditional mortgages may require. These loan options are for Professional Investors as well as First Time Investors that are looking to explore opportunities in real estate investment.

If you apply before you are ready, you risk loan approval. How? Borrowers should be prepared to come to the home loan process with no fewer than 12 consecutive months of on-time payments on all financial obligations.

  • The debt-to-income ratio is a tool the lender will use to determine if you are able to afford the home loan under FHA requirements and lender standards. Your income, minus your monthly financial obligations, are the basic debt ratio calculation.
  • HUD 4000.1, the FHA loan handbook, states that FICO scores will be an important factor in setting the DTI. For example, borrowers with FICO scores that fall into the FHA maximum financing range for the lowest down payment (580 or above according to FHA standards) would qualify for a debt ratio maximum of 43% (with mortgage expenses included in the ratio) with no compensating factors required.
  • Potential FHA borrowers with high debt ratios and other credit issues should work on those issues first before starting the FHA loan paperwork process or house hunting. The attention you give your credit and debt ratios today can get you much closer to FHA loan approval tomorrow.

We are conveniently located in Tampa, Idaho with offering our loan services nationwide

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