Mortgage Loans in Idaho

A first-time buyer has many home loan options, including programs offering special assistance and mortgage loans that don’t require large down payments. Many lenders consider factors like location and income when determining whether applicants are eligible for various home loans in Idaho. Our expert team maintains a track record of success in guiding first-time buyers through their options so that they pick the best solution for homeownership.

Although you may face obstacles with bad credit, it is possible to get a home loan. Poor credit might result in stricter terms or higher rates, but you can improve your likelihood of getting a loan in a couple of ways. First, save up a bigger down payment amount, or add someone with a great credit score to your application as your co-borrower.
At Summit Lending, we provide complimentary training to improve your credit and enhance your credit score. Get in touch with us to find out more about the credit training program and how you can successfully navigate the home-buying process even without good credit.

Yes, many mortgage loans in Idaho are available for renovations. These options include the following:

• Fannie Mae Homestyle

• FHA 203(k)

• Refinance loans

Perhaps you need to refinance or finance your property purchase and renovations or repair costs in a single loan. A rehab or renovation type of mortgage loan is the perfect choice. We at Summit Lending can help you investigate these options and choose the best route for your renovation goals.

Various home loans’ interest rates change daily. Take a look at our Summit Lending LIVE pricing engine for current rate information. This tool lets you view current fees and rates instantly and apply them to your unique situation.

As part of the home loan application process, you must fill out an application requesting your employment history, personal information, and financial details. A lender will also ask you to provide the following supporting documents:

• Tax returns

• Pay stubs

• Bank statements

• Property details

Our team at Summit Lending can guide you through every step of your loan process to ensure it’s smooth from start to finish. Apply now for mortgage loans in Idaho with our help!