Idaho Home Buying

Thanks to plenty of open, wide areas, Idaho continues to see new home community development. For example, Borup Construction has several new home communities concentrated in the Boise area; however Shaw Home Construction offers a variety of family homes in communities throughout Southeastern Idaho. Idaho builders are encouraging home buyers to work with local mortgage lenders and mortgage brokers for financing. Any home purchase, from new and existing to a home mortgage refinance or home equity loans requires the same steps be taken to obtain a loan.

Before applying for a mortgage loan in Idaho, borrowers should use online mortgage calculators to determine how much house they can afford and the kind of payment they can make toward a mortgage loan. Borrowers also need to obtain a copy of their credit report to determine if all information is correct and the credit score truly reflects their financial activity. If borrowers believe their credit score is unnaturally low due to reporting errors, it’s imperative that the borrower contact the credit bureau to rectify the situation. A low score can mean the difference between qualifying for a loan or not.