No HVCC for Boise Idaho First Time Home Buyers

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We have heard of all of the havoc that the HVCC system has unleashed. How many transactions have been canceled due to appraisers from out-of-the-area who don’t know a particular Boise Idaho neighborhood? I am sure the horror stories are endless. Realtors don’t know who the appraiser is or how long it will take. How unnerving is that?

How about some good news for Idaho first time buyers in the Boise/Treasure Valley area who are pursuing Boise home loans. Most purchase transactions are properties priced between 100 and 200k and those clients are usually Idaho first time home buyers. Almost all of these buyers apply for FHA home loans. Boise Loan officers, at Guild Mortgage, have the ability and privilege of ordering their FHA appraisals from appraisers of their choice. That’s right, Guild Mortgage, does NOT have to “stand in line” and order FHA appraisals from a long list of appraisers covering all of southwest Idaho. Guild has a very short list of FHA appraisers to choose from. Idaho first time home buyers who don’t use Guild Mortgage may be doing themselves a disservice.

If a Realtor is not working with Guild Mortgage, they should be.

All of the other HVCC guidelines apply to the transaction, except who we order from. Having this advantage is huge. Guild has much more control and can have a finished appraisal in our office within a week. Real estate agents, can your current lender make this claim?

Guild Mortgage also offers

In house underwriting, processing, and funding.-Boise Lenders who have their Boise home loans underwritten out-of-town lose much control and have a much greater challenge delivering time line expectations.
Instant access to seasoned underwriters. This give Realtors that ability to ask an Boise loan officer a particular question about a potential Boise home buyer and get an answer instantly without having to officially submit a Boise loan.
Re-draw closing documents in 15 minutes, yes 15 minutes. If there is ever a mistake (misspelled name, for example) with the final loan documents, Guild’s in-house doc department can re-draw instantly. Most lenders need at least 24 to 48 hours.
Platinum mortgage insurance rating allows Guild Mortgage to lend on second homes with 10% down, 5% down on conventional Boise loans and other special loan to value advantages. Many Boise lenders do not have this rating.
Idaho Housing One Day in-house approval- Currently brokers with Idaho Housing buyers, have to wait 3 to 4 weeks for IHA approval for their Boise home loans.
Idaho $8,000 First Time Home Buyers Tax Credit Program-Not every lender can offer this program. Check with Idaho Housing for the list of approved lenders.

The most recent challenges that home buyers, Realtors and lenders have to deal with are ever changing. Now more then ever, Realtors need to know the abilities of their lender. If their current lender is not truly FULL SERVICE, a switch needs to made to Guild Mortgage.

Other post like this one-

Guild Mortgage – Boise Home loans – Craig Ballhagen 208-713-3309

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10 Responses to “No HVCC for Boise Idaho First Time Home Buyers”

Loan Helper on 05 Oct 2009 at 6:49 am #

Taking on a home loan is something that people need to seriously think hard about. The stress of a mortgage and having to meet repayments can be overwhelming. It is always important to make sure your financial budget and outlook are bright and positive before even considering a home loan.

fix your credit on 31 Oct 2009 at 10:17 am #

fix your credit…

I like the way things are done around here….

The "New" Home Buyer Tax credit For Boise Idaho | My First Boise Idaho Home loan on 09 Nov 2009 at 6:34 am #