Idaho Housing offers cashout, rate/term and streamline refinancing. Not only can your clients purchase a new home they can refinance with or without an appraisal as well as cash out refinancing.
- Eligible borrowers maximum income is $90,000 for all counties, with exception of Blaine County which is $110,000.
- Minimum middle-credit score of 620 is required for all borrowers.
- With DPCC gift or secondary financing borrower minimum cash investment must be .5% of sales price.
Homeowner Affordability and Stability Plan
The Homeowner Affordability and Stability Plan provides support to families in a declining housing market to ensure that they can continue to pay their mortgages. This plan will offer assistance to as many as 7 to 9 million homeowners across the nation who are making a good-faith effort to stay current on their mortgage payments, while attempting to prevent the destructive impact of foreclosures on families and communities. To learn how Idaho Housing is helping homeowners take advantage of this plan, please read below.