Does Idaho Housing allow sole and separate property?
Yes. For FHA/VA/Conventional loans Idaho Housing is able to allow for sole and separate transactions. The borrower can take title as sole and separate property provided the borrower and spouse sign the Idaho Housing Borrower Affidavit disclosure certifying that both meet all Idaho Housing MRB program requirements. Idaho Housing is unable to loan to separated individuals. On FHA, the Non-Purchasing Spouse’s credit report must be included.
Does Idaho Housing allow manufactured homes?
Yes. For the Idaho Housing First Loan Program, the manufactured home must be a post-June 15, 1976, doublewide on a permanent foundation. Idaho Housing will not allow a manufactured home that has been moved more than once. Also, Idaho Housing will require a copy of the recorded Statement of Intent to Declare the Manufactured Home as Real Property for the subject property. Idaho Housing will not allow a manufactured home that has been moved other than from the manufacturer to the current site it is presently on. We will also require an engineer certification.
Idaho Housing MAX Land to Value and Acreage Limits
35% Land to Value, and 19.99 max acreage.
What is the current guideline for foreclosures/bankruptcy?
Idaho Housing follows FHA, VA, Fannie and Freddie guidelines.