Real Estate Home Loans in Boise Idaho, Benchmark Mortgage - Prime Equity Group

A new survey by Trulia.com found that 72% of all renters wish to own their own home. Of those that want to own their own home, one third are ready to buy now and two thirds say that they will wait two years or more. 

One-third is a very sizable number and combined with consistently low mortgage rates at or near their historic lows, the stage is set for entry-level home sales to continue to surge.  As the entry-level market continues to improve, that provides demand for those that are moving up to the next price level. 

While renters are eager to own, they are concerned about the unemployment picture, the economy, and down payment options.

Please see my upcoming posting, 100% Financing available for Idaho First Time Homebuyers

 The Idaho Housing and Finance Association (IHFA) have launched a new program to make homeownership a reality through its IdaMortgage program. The new Affordable Advantage Loan offers a down payment as low as $1,000, and has no mortgage insurance requirement, saving qualified borrowers money on the mortgage payment every month.

"This IHFA exclusive financing option is a great tool for homebuyers as the housing market in Idaho continues its recovery," said Gerald Hunter, IHFA president and executive director. "It offers another affordable lending option for low- to moderate-income homebuyers across the state."

Features of the Affordable Advantage Loan include:

• As little as $1,000 needed from borrower to close
• A low-cost, 30-year fixed interest rate 
• No mortgage insurance required, reducing a borrower's monthly payment 
• Financing to first-time homebuyers (including those who have not owned a home in the past three years) with good credit histories, requires a 680 
• Income limits apply 
• Loans are serviced in Idaho by IHFA

Home buyers should call me today at (208) 287-1717 to check their eligibility, or visit IdaMortgage  www.IdaMortgage.com