My First Boise Idaho Home Loan – Boise Mortgage Loans

 Taxes, taxes, taxes, what is the deal with property taxes.  With the declining home values, people’s accessed values are also going down.   For many this is a huge relief.  

Real estate taxes for Idaho first time home buyers are paid twice a year to Ada County tax assessor and are collected in your monthly Boise mortgage payment (if you have impounds) and held in an escrow account until the tax bill comes due. 

How can I lower my Ada County Property Taxes?

Right now many properties in Ada county are accessed 5-10% above appraised values .  If you feel your property taxes are too high, you can contact Ada County Assessor, in Boise, and petition to have your property reassessed.  If you have purchased or refinanced recently, you may be able to use that appraisal.  If not, a new one will cost $400-$500.  Give me a call and I will be glad to assist.

For Idaho first Time buyers in 2009, this will not be a problem.  The properties that are being purchase now are mostly well under the assessed values.  When a home is purchased the taxes are based on the new-lower value which in turn will drop the taxes. 

If someone purchases a rental property, there will not be a home owners exemption on that property which means the taxes will be quite a bit higher until the exemption is filed.  After that, the taxes will be reduced in the following tax year. 

Another issue that Boise home buyers need to be aware of, is that if they buy a rental and the taxes are higher, that also means that it could affect their qualifying ratios.  It could be a deal breaker.  One way to get around this is to collect extra taxes at closing which will allow the Idaho home buyer to qualify at the lower tax rate.  A Realtor should be all over this and avoid a potential disaster.   

A few more posts about Boise home loans: 

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

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

To learn more about Guild Mortgage and myself please visit my other site for a Boise mortgage

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Most Boise Idaho first time home buyers focus only on “what is the rate”?  When the most important question is “WHERE ARE MY BOISE HOME LOANS BEING PROCESSED?”   The interest rate is very important, but where the mortgage loans are underwritten and funded is primary.

IF YOUR IDAHO FIRST  TIME HOME BUYERS LOANS CAN’T BE CLOSED ON TIME OR CLOSED AT ALL, THE RATE MEANS NOTHING!

Guild Mortgage is located near the intersection of Chinden and Cloverdale here in Boise.  All Idaho first time home buyer loans are processed, underwritten, and funded all in our Boise Idaho location.  If necessary, a first time home buyer can contact our underwriter and even meet face-to-face.

 This is a HUGE ADVANTAGE for Idaho first time home buyers.  You will know exactly where your Boise loan is in the process at all times…never leaving you in the dark. 

The “In House Process”  is the key to ensuring a Boise Idaho First Time Home Buyer’s file will be closing on time every time. 

 Many other mortgage Boise lenders have their files underwritten in a centralized processing center (some large city out of Idaho). Out-of-state processing will take weeks instead of days.   An Idaho First time home buyer looses all control.

Guild Mortgage offers all types of Idaho First Time buyer home loans. There are basically 2 types of Boise home loans available to the consumer: Government and conventional. Most of the time a Idaho First Time Home Buyer will have a FHA (Federal Housing Administration) loan.  FHA mortage loan allows buyers to put down the minimum amount, 3.5%, which can be “Gifted” by a family member.  All of the mortgage Boise loan closing costs can be paid by the seller (6% of the purchase price). 

The required 3.5% can also be financed with a small second mortgage loan (the 1st mortgage is the FHA loan) through Idaho Housing Authority.

BOISE IDAHO FIRST TIME HOME BUYERS-TAKE CONTROL OF YOUR BOISE HOME LOAN PROCESS!

Other posts like this one-

• The “New” Home Buyer Tax credit For Boise Idaho
• Boise Idaho First Time Home Buyers Mortgage Loan Application
• No HVCC for Boise Idaho First Time Home Buyers
• Boise First Time Home Buyers Leverage Tax Credit
• Boise Idaho Home Buyers Free Credit Report
• Private Mortgage Insurance Really Stinks!

To learn more about Guild Mortgage Home Loans and myself please visit my other site.

Guild Mortgage –  Boise Mortgage Loans – Craig Ballhagen 208-713-3309

Idaho First Time Home Buyer Instant Gratification

Request for No Obligation Boise Home loan Analysis

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New Affordable Advantage Loan with

Idaho Housing Authority

We Don’t Need No Stinkin Home Buyer Tax Credit!

When the first time home buyer tax credit expired, many were speculating that home buyers would stop buying or at least slow down considerably.   Not if Idaho Housing Authority has their way.

IHA has just announced yet another first time home buyer program.  Here are a few bullet points.

• As little as $1,000 borrower investment required

• Conventional loan with no Mortgage insurance required

• No sales price limit

• First time home buyer requirements apply

• Borrower income limits apply

• Exclusive to IHFA

• Up to 100% loan to value for homebuyers with credit scores of 680 or higher

• Up to 97% loan to value for homebuyers with credit scores of 660 or higher

Link to Idaho Housing Authority

Please give me a call about this new program. I will be glad to help you out.  Thank you!

Here are a few more post similar to this one

Check today’s rates for Boise First Time Home Buyers

Craig Ballhagen-Guild Mortgage,-Boise-208-713-3309-

To learn more about Guild Mortgage and myself please visit my other site.

Please visit my fan page Boise Home Loans on Facebook

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Real Estate looks a little different today than it did 5 years ago. We’ve seen some good times and we’ve seen some not so good times in real estate but the name of the game is adapting. We can all say we specialize in something but what we need to specialize in is what our clients and prospective clients need. And when I say specialize I mean be proficient, very proficient.

In the boom years I primarily worked with buyers, that was where the demand was. As we started to see housing bust around the country and then into our Valley in force in ’07 helping folks avoid foreclosure became a real focal point. I recognized the need that was coming and started to gear up for short sales; I went straight to the bank and got their playbook – seriously… Quality of service has always been my focus. While I overhear conversations boasting of gross sales, etc. I make it my goal to have the highest close ratios for my sellers and the best possible service to my clients.

Given that short sales are still here 3 years after the first big push of the bust and that they are here to stay for a while longer the agent you work with must be proficient in them if you want a legitimate shot at selling so you can avoid foreclosure or if you are buying to take advantage of the correcting values of real estate. Better than proficient, I would want to be working with an broker that had the banks playbook. Let me know how I can help you….

 Please Download my Short Sale Buyer Guide

John’s  Boise Idaho Short Sales link to Facebook

John Boles

Associate Broker, GRI

208.830.6185

208.562.1582 (fax)

Jon Gosche Real Estate

www.BoiseRealtyStore.com        www.BolesBoiseRealEstate.com  Boise Realty Store Blog

johnboles@boiserealtystore.com

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Craig Ballhagen-Guild Mortgage,-Boise-208-713-3309-

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 Boise first time home buyers need to take control the their mortgage loan process and completely understand how the total mortgage payment is calculated. 

Most First Time Buyer loans payments are made up of 4 numbers that make up the total payment.

  1. Principal & Interest is calculated by using the mortgage calculator.  Enter you estimated loan amount and rate.

Check today’s rates for a Boise mortgage for Idaho first time home buyers.

 2. Homeowners Insurance  usually runs between $20 and $40 per month, depending on the cover that they chose to cover their Idaho mortgage. 

 3.  Real Estate Taxes are usually 1.25% of the purchase price. For example with a $100,000 purchase price, the taxes would be approximately $1,250 per year which would be $104. per month.  

  4. Mortgage insurance  on a $100,000 loan would be approximately $45.00 per month.  This only applies if a home buyer puts less then 20%.  The up front Good Faith Estimate will provide much more detail and complete breakdown of all of the fees and total Idaho mortgage payment.

Please take the time to understand how a Boise mortgage payment is put together.  When you break it all down, it is much easier to know where your next Idaho mortgage payment will be.

 Here are a few other posts you may find informative

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

To learn more about Guild Mortgage and myself please visit my other site.

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