How does the Idaho HECM Reverse Mortgage Loan Work?

On June 10, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

How does the Idaho HECM Reverse Mortgage Loan Work? The Idaho HECM Reverse Mortgage is a loan availabe to homeowners over the age of 62 years of age. If you plan on living in the home as your principle residence you can borrow against the equity of your home. You can select from five payment [...]

Common Idaho FHA (HECM) Reverse Mortgage Frequently Asked Questions

On June 10, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

There are many Common Idaho FHA (HECM) Reverse Mortgage questions along with the many myths pertaining to the loan. So I wanted to outline some of the most basic questions below: Q: What are the Borrower Requirements for an Idaho (HECM) Loan ? A: – Be 62 years of age or older – Own the [...]

Idaho VA 100% Home Financing Loans for Boise and Mountain Home areas

On June 4, 2009, in Mortgage Programs, Tips And Advice, by Michelle Guth

Idaho VA 100% Home Financing Loans for Boise and Mountain Home areas is for veterans and active duty military personnel and certain members of the reserves and National Guard. VA’s program provides an excellent product and benefit for those individuals who have served or are serving to protect our families and our nation. There are [...]

How do I obtain an Idaho 100% VA Home Loan?

On June 3, 2009, in Mortgage Programs, Tips And Advice, VA Loans, by Michelle Guth

How do I obtain an Idaho 100% VA Home Loan? Many veterans looking to purchase a home in Idaho have frequent questions about how they go about obtaining a VA loan. Below are the steps involved: – Select me as your trusted VA loan specialist, present me with your Certificate of Eligibility if available and [...]

Idaho VA 100% Home Financing Frequently Asked Questions

On June 3, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

Idaho VA 100% Home Financing Frequently Asked Questions. Many Veterans have questions about the Idaho VA 100% home loans that are available to them. Below I have outlined some of the most frequently asked questions. Q: What is a VA Guaranteed Home Loan? A: VA guaranteed home loans are loans made to eligible veterans for [...]

2009 Idaho VA County Loan Limits for Maximum Guaranty Amount

On June 3, 2009, in Mortgage Programs, Tips And Advice, by Michelle Guth

2009 Idaho VA County Loan Limits. The Department of Veteran Affairs’ Loan Guaranty program does not impose a maximum amount that an eligible veteran may borrow using a VA-guaranteed loan. However, the following county limits must be used to calculate VA’s maximum guaranty amount for a particular county. The maximum guaranty amount available for loans [...]

Can I Use My $8000 First-Time Home Buyer Tax Credit As A Down Payment In Idaho?

On May 14, 2009, in Tips And Advice, by Michelle Guth

There are many wondering, can I use my $8,000 First-Time Home buyer tax credit as a down payment in Idaho? There are many rumors circulating about the possibility of Idaho First-time homebuyers being able to use their $8,000 tax credit as a down payment. As of today you are not able to use the tax [...]

IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers

On May 14, 2009, in Tips And Advice, by Michelle Guth

The IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers is a great way for individuals to get 100% financing on the purchase of a home. This is a great way for First-Time Homebuyers to utilize their $8,000 tax credit they will receive from the government for purchasing a home in 2009 before December 1st. [...]

Idaho First-Time Homebuyer Frequently asked questions (FAQ’S)

On May 11, 2009, in Tips And Advice, by Michelle Guth

If you live in Idaho and you are a first-time homebuyer right now is one of the best times to purchase a home. Not only are interest rates very low but Idaho real estate prices are amazing!!!! Oh and I forgot to mention that first-time homebuyers get up to an $8,000 tax credit if they [...]

What is a HECM loan?

On May 4, 2009, in Mortgage Programs, Refinance Process, Tips And Advice, by Michelle Guth

What is an HECM loan? Often times people hear the term HECM loan and they don’t understand what HECM stands for. HECM stands for Home Equity Conversion Mortgage, also know as an FHA Reverse Mortgage. A HECM is the only Reverse Mortgage insured by the Federal Government. This loan program is great for individuals age [...]