Capital Home Mortgage Idaho

Idaho home purchase loans

Home Purchase lender Idaho

Purchase Home Loans Idaho

If you’re looking to buy a home in the Evergreen State, Capital Property Mortgage is here to help. Because we offer a wide range of mortgage products, homebuyers can pick the program that best suits their budget and level of financial responsibility. In Washington, we have mortgage consultants that can help you find the best lending option.

Home Purchase Loan Programs In Idaho

  • Conventional – Conforming

A conventional-conforming loan is the country’s most commonly used home loan program. If a prospective home buyer has a sizable cash reserve and strong credit, they should be approved for a conventional loan. People with good credit qualify for lower interest rates. A down payment of 20% of the total loan amount is required if you wish to avoid paying mortgage insurance.

  • FHA Home Loans

A Federal Housing Administration loan is a mortgage insured by the government (FHA). The FHA insures these loans to safeguard lenders from financial risk. The FHA has specific requirements that lenders must follow for their loans to be considered FHA-approved, after which the FHA backs the lender’s loans if a borrower defaults on the mortgage.

The FHA 203(b) loan program is the most popular option for FHA loans across the country. Borrowers unable to satisfy the stringent requirements associated with conventional loans are the ideal candidates for FHA home loans. Homebuyers with low credit ratings and limited incomes may be eligible for FHA loans.

One of the primary advantages of an FHA loan is that it requires a lesser down payment. FHA loans allow borrowers to finance a home with less than a 3.5% down payment. FHA loans are popular with first-time home buyers. It should be noted, however, that applicants must pay a mortgage insurance premium (MIP) when obtaining an FHA loan. This insurance protects the lender in the event of a borrower default.

  • VA Home Loans

VA home loans are mortgage loans offered to veterans, service members, and their surviving spouses. Private creditors such as banks and mortgage firms provide them, and the Department of Veterans Affairs (VA) guarantees repayment (VA). This assurance allows lenders to offer more advantageous terms to borrowers, such as reduced interest rates and no down payment requirements.

A VA mortgage is a specific home loan, but getting one is like obtaining any other kind of mortgage. You’ll work with a qualified lender to get pre-approved. Once pre-approved, you may shop for a home, make an offer, go through the underwriting and appraisal process, and finally, loan closing.

  • USDA-Guaranteed Home Loans

A USDA-guaranteed home loan is a mortgage guaranteed by the US Department of Agriculture (USDA). These loans are intended to help lower-income rural residents realize their ambition of property ownership. To decrease the risk of offering 100% loans to eligible rural homeowners, the USDA gives a 90% loan note guarantee to licensed lenders, so no money down is necessary for individuals who qualify.

The USDA issues or guarantees these loans as part of the USDA Rural Development program, designed to encourage home ownership in rural regions.

Borrowers must earn at most 115% of the area’s median income to qualify for a USDA-guaranteed loan. The subject property must also be located within the USDA-eligible area map to be considered for financing.

  • Home Renovation Loans

A home renovation loan is used to finance repairs, renovations, expansions, and upgrades. These loans might be mortgages with built-in rehab funds or personal loans. A home renovation loan can finance many home improvement projects, including updating a kitchen or bathroom, finishing a basement, or adding a second story to a house. The borrower’s demands and creditworthiness will determine the sort of loan and its terms. Renovation loans, for example, can have a fixed or variable interest rate and different terms.

There are different types of home renovation loans to choose from. The most popular of which is the FHA 203(k) loan. There’s also FannieMae’s HomeStyle Renovation loan and Freddie Mac’s ChoiceRenovation loan program.

  • Non-Qualified Mortgage Loans

Following the Consumer Financial Protection Bureau’s (CFPB) Qualified Mortgage rule, a non-qualified mortgage (non-QM) is a particular type of home loan that does not adhere to the regular paperwork criteria. As a result, non-QM loans could have alternative conditions, such as longer loan terms or negative amortization and less rigid eligibility requirements.

Non-QM loans are intended to assist house buyers who do not meet the stringent requirements of a qualifying mortgage. If you are self-employed or do not have a traditional income, you may not be able to qualify for a qualified mortgage; thus, a non-QM loan may be a better choice for you. Non-QM loans enable borrowers who would not otherwise qualify for a mortgage to obtain a house loan. A non-QM loan may be appropriate if you have a low credit score, a high debt-to-income ratio, or income that varies enough that a standard mortgage is not an option.

Apply For A Home Purchase Loan in Idaho

If you want to apply for a home purchase loan in Idaho state, several alternatives are open to you. Capital Home Mortgage is an Idaho direct mortgage lender. We are committed to providing superior customer service and look forward to assisting you. Please call (208) 991-11303 to speak to one of our loan officers.

Why Idaho HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Idaho Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Idaho Home Purchase Loans

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Idaho fixed rate Mortgage Loans

All Fixed Rate Mortgage Loans are designed to have equal payments for the specified term. These loans offer predictability and are deemed to be less risky for borrowers. Fixed Rate Mortgage Loans are available with all mortgage products and are typically offered in 15 year and 30 year terms. However, Fixed Rate Mortgage Loans are also offer in 10 year, 20 year and 25 year terms although less common due to demand.

Idaho Adjustable Rate Mortgage Loans

Adjustable Rate Mortgage Loans known as ARM’s are  available with most mortgage products although limited with FHA, VA and USDA. ARM’s are great fit for homebuyers who plan to sell or refinance their home between 1 and 10 years and are looking for the lowest possible payment.  ARM’s offers lower rates during times where fixed rates are higher. An adjustable rate mortgage is fixed for a specific time then adjusts on a predetermined time period and a predetermined amount based on a financial index and a fixed margin.

Idaho Mortgage Programs

Idaho Home Purchase

Thinking of Buying an Idaho Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Idaho renovation home loans

Looking to Rehab an Idaho Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Idaho FHA Home Loans

Great for 1st Time Idaho Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Idaho VA Home Loans

100% Financing for Idaho Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Idaho Conventional Home Loans

Flexibility for Idaho Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Idaho Jumbo Home Loans

Idaho Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Idaho USDA Home Loans

100% Idaho Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Idaho Native American Home Loans

Idaho HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Idaho Manufactured Home Loans

Idaho Alternative Housing

Idaho reverse mortgages

Your Idaho Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Idaho Non QM Home Loans

Making Idaho Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Idaho OTC Home mortgages

Build Your Idaho Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Idaho Refinance Mortgage Loans

Idaho Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Idaho Cash-out Home mortgages

Idaho Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Idaho Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

Idaho Mortgage Company Reviews

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