No money Down Home Loan. FHA - The Good Rewards Program through Idaho Housing. 2nd mortgage is available for the down payment. Buyer only has to bring $500 to the transaction (can be a gift from family member)
Income limits apply since it's through IHA.
Minimum credit score is 700 - best rate is with credit scores above 720
Fixed 30 year loan program - NO balloon payment, ARM, rate adjustment, etc.
Borrowers must contribute $500 towards the transaction of their own funds (can be gift funds from a family member)
Borrowers can't have more than 3 month payments in liquid assets at the time of closing as this loan is based on need.
Borrower must take IHA's First Time homebuyer class (this can be done online for $50 per person)
If you are interested in this type of loan and want to be prequalified, please let me know. I will be happy to refer you to a qualified and reputable lender that can help.
Free MLS Property Search at: www.SellingNorthIdaho.com
Contact: Pam Jank, Realtor, ABR, GRI, CRS, RSPS, PPS
Previews Property Specialist
Web: Coeur d'Alene Idaho Homes for Sale
Fax: 208-772-628 Toll Free: 800-829-2555 EXT.1275
COLDWELL BANKER SCHNEIDMILLER REALTY
1924 Northwest Blvd, Coeur d'Alene, ID 838314
Your North Idaho Real Estate Pro - Pam Jank