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    Loan Programs*


    Types of Mortgages


    Federal Housing Administration

    Veterans Adminsitration

    U.S. Department of Agriculture


    *For informational purposes only. Speak to a lender for current data.



    Down Payment Assistance


    When you buy a home, you’ll usually have to put money down that’s equal to a percentage of your home’s final purchase price. This is called your down payment. The amount you’ll need will vary and some mortgage programs require no down payment at all. While there are variations, coming up with this cash is often a difficult hurdle for buyers.Down payment assistance comes in the form of grants, loans and other programs. It’s typically reserved for first-time home buyers only. They can be run by a variety of organizations, such as your local or state housing authority, or by a nonprofit.

    Eligibility is determined by your household income and credit history, varying by state and program. An application is typically needed, and sometimes you’re also be required to attend training or home buyer education on the mortgage process and maintaining finances. *

    Read more at http://homeloans.idahohousing.com/



    Section 184 Indian Home Loan


    The Section 184 Indian Home Loan Guarantee Program is a home mortgage product specifically designed for American Indian and Alaska Native families, Alaska villages, tribes, or tribally designated housing entities. Congress established this program in 1992 to facilitate homeownership and increase access to capital in Native American Communities.With Section 184 financing borrowers can get into a home with a low down payment and flexible underwriting. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.

    Section 184 is synonymous with home ownership in Indian Country.

    Read more about this program:




    1031 Exchange




    FHA 203(K) Rehab Loan


    An FHA 203(k) rehab loan, also referred to as a renovation loan, enables homebuyers and homeowners to finance both the purchase or refinance along with the renovation of a home through a single mortgage. Instead of applying for multiple loans, an FHA 203(k) rehab loan allows homebuyers to purchase or refinance their primary home and renovate it with one convenient loan.Find out more about this type of loan at



    Jumbo Loans


    Jumbo mortgage loans are loans that surpass the conforming loan limit, which is the maximum loan amount subject to guarantee by Fannie Mae and Freddie Mac.Conforming loan limits are set by the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, the two government-sponsored enterprises (GSEs) that buy a large portion of mortgages made in the U.S. from lenders and resell them on the secondary market to investors. These limits help lenders make more loans available to borrowers, since the lender can now sell them to the GSEs, mitigating risk if the borrower can’t repay. Loans outside of the conforming loan limits, including jumbo loans, are riskier for lenders.

    Find out more about Jumbo Loans https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_201


    These are a few of the lending programs available. See a lender to find out which loan program works for you.
    *For informational purposes only. Speak to a lender for current data