Idaho’s Top Mortgage Lenders and Current Mortgage Rates | SehndeWeb

Thinking of moving to the Gem State? You are in good company. Idaho’s homeownership rate is just under 71% and has about 735,000 housing unitsaccording to the US Census Bureau 2018 American Community Survey.

The national median home value is $229,700 and Idaho’s is only slightly higher at $233,100. Cheaper accommodation can be found in some localities.

Axos Bank

Not disclosed Min. Deposit
Not disclosed Min. Credit score

Lender

Learn more
Not disclosed Min. Deposit
Not disclosed Min. Credit score
US News selects the best lending companies by evaluating affordability, borrower eligibility criteria and customer service. Those with the highest overall ratings are considered the best lenders.

To calculate each score, we use data about the lender and their loan offerings, giving more weight to the factors that matter most to borrowers. For mortgage lenders, we consider each company’s customer service ratings, interest rates, loan product availability, minimum down payment, minimum FICO score, and online features.

The weight each rating factor receives is based on a national survey of what borrowers look for in a lender.

To receive a rating, lenders must offer nationally eligible loans and have a good reputation within the industry. Learn more about our methodology.

Axos Bank, founded in 2000, is a digital financial services company based in San Diego. The full-service online bank offers everything from personal and business savings and checking accounts to car and home loans. Borrowers with an Axos Bank current account can reduce or eliminate lender fees and earn money by using the account to make monthly mortgage payments.

PrimeLending is a Dallas-based mortgage lender that offers several mortgage options, including conventional loans, jumbo loans, government-backed loans, and refinance loans. The lender is a subsidiary of PlainsCapital Bank.

AmeriSave Mortgage Corp. is an online lender that has been in business since 2002. It was one of the first to offer an off-site digital mortgage experience to customers. The company claims to have financed more than 390,000 homes since it began operations. Headquartered in Atlanta, AmeriSave offers loans in 49 states and Washington, D.C.

Based in Charlotte, North Carolina, Truist Bank was created in 2019 after the merger of SunTrust and BB&T banks. Truist Bank offers a variety of mortgage products, including refinancing and home equity lines of credit.

Caliber Home Loans of Coppell, Texas offers mortgage products nationwide. Options include conventional, adjustable rate, jumbo, refinance, Federal Housing Administration, US Department of Agriculture, and Department of Veterans Affairs. Caliber has been in business since 2008 and focuses solely on home loan products.

Carrington Mortgage Services, founded in 2007, offers a range of mortgage and refinance options for borrowers seeking conventional or government-backed loans. Its California-based parent company, Carrington Holding Co., was established in 2003 and provides a range of real estate services. Carrington Mortgage Services is based in California and also has offices in Arizona, Connecticut, Florida, Indiana and Maryland.

New American Funding is a mortgage lender offering a variety of lending options to homebuyers and homeowners nationwide, excluding Hawaii. The company, founded in 2003 and based in Tustin, Calif., has issued $58 billion in mortgages to date.

PNC Bank is one of the largest banks in the United States, serving more than 12 million customers in all 50 states. As a full-service mortgage lender, PNC offers most types of mortgage products.

Veterans United Home Loans offers mortgages in all 50 states and Washington, DC, and specializes in Department of Veterans Affairs loans. Since 2016, Veterans United Home Loans has generated the most VA purchase loans per year in the country. The lender was founded in 2002 and is based in Columbia, Missouri.

Wells Fargo offers a variety of mortgage and real estate products in 36 states. The lender offers conventional, adjustable rate, Federal Housing Administration, US Department of Veterans Affairs, US Department of Agriculture, jumbo and refinance loans, and home equity lines of credit.

The Idaho Housing and Finance Association offers many programs to help Idaho home buyers. Programs include breaks on mortgage insurance, down payment assistance, closing cost assistance and federal tax credits.

  • Available for: Eligible buyers from Idaho.
  • Income limits: Varies by county and loan type (see income limits).
  • Only first-time buyers? No.
  • Advantages: A Freddie Mac gift of up to 1% of the loan amount to be used for down payment or closing cost assistance, a maximum loan-to-value ratio of 97%, and the possibility of lower mortgage insurance depending on the type of ready.

  • Available for: Eligible buyers from Idaho.
  • Income limits: Varies by county and loan type (see income limits).
  • Only first-time buyers? No.
  • Advantages: Up to 97% loan to value ratio and possibility of lower mortgage insurance.

  • Available for: Eligible buyers from Idaho.
  • Income limits: Can request up to $110,000.
  • Only first-time buyers? No.
  • Advantages: A second 10-year fixed rate mortgage to help with closing costs or down payment up to 3.5% of the sale price.

  • Available for: Eligible buyers from Idaho.
  • Income limits: Can request up to $110,000.
  • Only first-time buyers? No.
  • Advantages: A seven-year, 0% interest forgivable loan of up to 3.5% of the sale price for down payment and/or closing cost assistance.

  • Available for: First-time buyers, targeted areas or people who have not owned a main residence in the last three years.
  • Income limits: Varies by county (see income limits).
  • Only first-time buyers? No.
  • Advantages: A federal tax credit of up to 35% of interest paid with a cap of $2,000 per year.

Chase, one of the largest banks in the world, was founded in 1799 in New York and offers mortgages and refinancing.

Founded in 1990, Freedom Mortgage is one of the nation’s largest loan originators and services, operating in all 50 states plus the District of Columbia, the US Virgin Islands and Puerto Rico. Based in Mount Laurel, New Jersey, Freedom Mortgage was named the #1 veterans’ lender and the #1 Federal Housing Administration lender by industry publication Inside Mortgage Finance. Freedom Mortgage offers a range of mortgages, including conventional, adjustable rate, refinance, FHA, VA, and US Department of Agriculture. But what Freedom Mortgage is known for is its mission to help US military personnel buy homes.

Homefinity was launched in 2018 as the online lending division of Fairway Independent Mortgage. It offers a variety of mortgage products, including conventional mortgages, Federal Housing Administration and veterans mortgages, physician mortgages, and mortgage refinances.

Founded in 2008, PennyMac is a national mortgage lender with over $495 billion in loans under management. PennyMac offers a range of home loans, ranging from conventional mortgages to FHA, VA and investment property mortgages.

CMG Financial is a nationwide private mortgage banking company with localized support, founded in 1993 and headquartered in San Ramon, California. The lender offers a range of products, including conventional, government and specialty mortgages, such as jumbo loans.

SoFi is an online lender founded in 2011 that offers fixed rate mortgages. Refinance loans are also available, including Cash Refinance and Student Loan Cash Refinance, a program that allows you to consolidate and refinance your student loans and mortgage.

LoanDepot is a mortgage lender that operates nationwide with over 200 branches and offers both a digital experience and face-to-face service. The lender offers conventional fixed and adjustable rate mortgages, Federal Housing Administration and Department of Veterans Affairs loans, as well as refinance and home improvement loans. The company was founded in 2010 and is based in Foothill Ranch, California.

The Pentagon Federal Credit Union, widely known as PenFed, provides borrowers with access to many types of mortgages: conventional, variable rate, jumbo and Department of Veterans Affairs, as well as refinance loans and home equity lines of credit. The financial institution, which serves 2.5 million members, was established in 1935 and is based in McLean, Virginia.

Bank of America serves approximately 66 million customers in all 50 states. The lender offers conventional, Federal Housing Administration, Department of Veterans Affairs, and jumbo loans, as well as home equity lines of credit and mortgage refinances.

Flagstar offers banking and lending products to borrowers in all 50 states. Borrowers can obtain mortgages and home equity products, including conventional loans, Federal Housing Administration loans, veterans loans, United States Department of Agriculture loans, variable rate mortgages and home equity loans and lines of credit.

Advertising Disclosure: Some of the loan offers on this site are from companies that are advertising clients of US News. Advertising considerations may impact where offers appear on the site, but do not affect editorial decisions, such as which loan products we write about and how we rate them. This site does not include all loan companies or loan offers available in the market.

Leave a Comment