Real Estate Industry Blog » Michelle Guth

Boise Idaho FHA Streamline Refinance Loan – NO Appraisal

Michelle Guth — Wed, 09 Nov 2011 22:57:34 +0000

An Idaho FHA Streamline Refinance With No Appraisal is the best way to go if you live in Boise, Idaho and are looking to Refinance your home and you currently have an FHA loan. Benefits of a Boise Idaho FHA Streamline Refinance Appraisal usually not required Very little paperwork No Appraisal Fee (if doing no [...]

What’s An Idaho VA Loan Pre-Approval Letter?

Michelle Guth — Tue, 10 May 2011 21:47:07 +0000

An Idaho VA loan pre-approval letter is a document granted by an Idaho VA mortgage lender that states that based on preliminary information such as the potential borrower’s credit, assets, and income, that they qualify for a Veterans Administration loan of a specified amount. It is different from a pre-qualification in that some or all [...]

Boise, Idaho VA Jumbo Mortgage Loans Are They Available?

Michelle Guth — Tue, 10 May 2011 21:09:07 +0000

If you’re looking at buying the home of your dreams – and the price reflects it – then an Boise, Idaho VA jumbo mortgage loan may very well be the best option for your mortgage. In most veteran loan scenarios, the VA guarantees up to 25% of the total amount of the loan up to [...]

More Than One Boise, ID VA Loan – Multiple VA Loans Permitted?

Michelle Guth — Tue, 03 May 2011 22:13:11 +0000

The short answer to the question “How many Idaho VA loans can I have?” is that there is no limit on the amount of times eligible veterans are allowed to use their VA loan benefits. This answer often surprises veteran borrowers who have used the program before. As you are probably well aware, a Idaho [...]

Idaho VA Loan Appraisal Process

Michelle Guth — Tue, 03 May 2011 22:05:59 +0000

Before your home can be approved for Idaho VA loan financing, a VA appraisal must be completed on the property. An Idaho VA appraisal involves a thorough inspection of the home and property to determine the current market value of the home. This appraisal is especially geared towards reporting any defects involving safety or security [...]

Idaho Home Buyers Did You Know FHA Made Changes To Mortgage Insurance Requirements

Michelle Guth — Tue, 16 Nov 2010 22:29:03 +0000

- MONTHLY INSURANCE PREMIUM INCREASES FOR FHA HOME LOANS Previously the monthly mortgage insurance premium was a factor of .55% of the loan amount (if the loan to value was over 95%). As of October 4, the factor has increased to .9% You are probably wondering how this affects the payment. On a $400,000 mortgage, [...]

Seek An Idaho Refinance NOW !!!! Before Rates Go Back Up !!!

Michelle Guth — Sat, 09 Oct 2010 03:26:43 +0000

Refinance your Idaho Mortgage now before interest rates go back up!!!!!! An Idaho Refinance is what many people need to look into right now with where interest rates are at. Interest rates won’t stay this amazingly low for long so act now !!!! Below I have outlined four main reasons why you should do an [...]

Boise Idaho Jumbo Mortgage Loan

Michelle Guth — Wed, 22 Sep 2010 23:12:29 +0000

Qualifying for a Boise Idaho Jumbo Mortgage Loan Whether you’re qualifying for a $500,000 mortgage, or a $3 million mortgage, there is obviously going to be a sizable monthly mortgage payment that the underwriter will want to be sure you can afford over a long period of time. It’s important to be thorough in [...]

Idaho Rural Development (RD) No Downpayment Home Loan Mortgage

Michelle Guth — Wed, 22 Sep 2010 22:35:26 +0000

The Idaho USDA Rural Development home loan is a true 100% financing with no down payment. With an Idaho USDA Rural development home loan their is no mortgage insurance. Mortgage insurance also known as private mortgage insurance (PMI) is setup to offset losses in the case where a borrower is not able to repay the [...]

Idaho FHA Mortgage Home Loan Programs

Michelle Guth — Wed, 08 Sep 2010 19:21:49 +0000

Idaho FHA Mortgage Home Loan Programs While most people believe that the FHA lends money directly to borrowers, it actually just insures a certain type of loan that is financed by traditional banks and mortgage lenders. Four of the most visible single family housing programs that FHA offers are, Section 203(b), Section 234(c), Section 203(k) [...]