Idaho Real Homes Real Estate Office

350 E Kathleen Ave

ste, 400 Coeur d' Alene, Id
83815

1-208-719-9010

Call or text
 

Mon - Fri: 9:00 - 5pm

Weekends by appointment Book your apt Here

Idaho Real Homes Real Estate Office

350 E Kathleen Ave

ste, 400 Coeur d' Alene, Id 83815

1-208-719-9010

Call or text

Mon - Fri: 9:00 - 5pm

Weekends by appointment
Book your apt Here

Financing Your Purchase

Half the battle of purchasing a property is getting the Financing in order.  From knowing what to do prior to shopping to how to get thru the process sometimes the difference is all in the lender.  

Many lenders offer the same products and the fees etc are pretty similar. While some specialty properties are only financed by specific lenders so having a good idea of what you are interested in is sometimes going to depend on which lender we would recommend for you.  

As not all lenders finance vacant land, manufactured homes, or Horse Facility properties.  

Take a look at our mortgage calculator here. 

The First Step is to get Pre- Qualified

  1. Pre-Qualification Acts As A Dry Run Of The Loan Application Process. The Mortgage Lender Will Use Details You Provide About Your Credit, Income, Assets, And Debts To Arrive At An Estimate Of How Much Mortgage You Can Afford. The Whole Process May Take Only Minutes Or A Few Hours At Most And Is Free.
  2.  While A “Pre-Qual” Is Non-Binding To The Lender (Because The Information You Provide Has Not Been Verified), It Does Serve As A Good Indication To Potential Sellers Of Your General Creditworthiness.
  3. These Days Most Sellers Will NOT Accept An Offer Without At Least A Pre-Approval Letter, So If You Are Serious About Buying This Is The First Step Towards Getting You In Your New Home.
  4. You Make The Decision Here Of What Is Good For Your Budget And Your Family Before You Walk Thru A Home That You Can’t Afford And Fall In Love With It.  

#2 Learn what type of Loan you are going to Need

When You Finish That Pre-Qual You Are Going To Know What Type Of Loan You Are Going To Purchase A Property With.  You Are Going To Know How Much Down Payment You Need.  You Are Also Going To Have A Good Idea Of Closing Costs And Whether We Need To Wrap Them Into Your Purchase Or If You Are Paying Cash For Them.  And You Are Going To Have A Pretty Good Idea Of The Time Frame That It Is Going To Take You To Complete The Loan Process.   Those Are All Things That Make Your Offer Stronger Or Weaker When We Are Home Shopping.

The Key Is With That Information In Hand, You And I Can Then Have A Real Conversation About Your Buying Power And Create A Strategy For Getting You The Home That Fits Your Needs. 

Some of Our Preferred Lenders

To Hit Our Preferred Lender Lists:   I Like To Work With Banks And Lenders That Are Honest!  And I Don’t Just Mean Honest In Their Day To Day World.  I Mean Honest With You The Consumer When You Go In To Borrow Money.  A Lot Of Lenders Just Like Real Estate Agents Want To Tell You What You Want To Hear.  We All Love To Hear Sure I Can Do That For You Or Sure We Can Get That Price For You.  But The Honest Truth Is Sometimes They Can’t.

I Do Use A Lot More Lenders Than Those That Are Listed And Have Had Some Good Luck With Some And Some Not So Good Luck With Others.  But I Like To Know If You Take One Of Mine That If They Can’t Do It They Just Tell You! 

     It Is Usually The Quirky Property, The Person That Is On The Edge Of Qualifying, Or Has A Unique Circumstance Where We Hit The Problems.  And I Would Tell You Just For Your Information If One Lender Tells You No Sometimes it is Just Because They Can’t Offer A Certain Product Or The Borrower Or The Property Does Not Fit Into The Certain Size Box That They Have To Package A Loan Into.  Since Most Banks Sell Their Loans Some Play It Safer Than Others On What They Package Up.

So be sure to Reach out to us before you give up as quite often there is a way!  May not always be pretty but we try to think outside the box and help you come up with solutions. 

Home Finance Information

Our Go to Person at Summit Funding is:

James Zimmerman

jzimmerman@summitfunding.net

509-783-4593

James offers all the traditional bank loans including Conventional, FHA and VA.

Jim also contributes quite heavily to our weekly newsletter with all of the amazing lending updates he puts out.  

Our Fairway go-to agent is:

Joel Brose

joel.brose@fairwaymc.com

509-903-5655

421 W Riverside Avenue, suite 319

Spokane, Wa 99201

Joel offers all of the traditional loans plus his company is offering a temporary buydown on the interest rate to help get into your new home.  His office also does usda loans.  

Home Finance Information
Home Finance Information

We have a couple of different lenders that we work with here.

Lisa Sayler 

lsayler@watrust.com

and 

Jared Evenson 

homeloancenter@watrust.com

This bank is one of our favorite “local Banks” for a variety of lending.  They have a great general housing loan serving all of the typical markets and a Pretty outstanding Small Business Section.  One of the other specialties that they do is the Manufactured Homes on Rented Lots.  

 

 

Another Local Lender That Has All Of The Regular Options And A Few Options That Some Other Lenders Do Not Have.  One Being Some Good Options For Condos That Do Not Fall Into Every Other Lender’s Box.  They Also Have Some Land Loan Options For Vacant Land.  And I Believe They Also Have A Manufactured Home On Rented Lot Product As Well. As Long As All Of The Other Regular Options.

Home Finance Information

They Are A Local Lender That Works With A Lot Of The Builders.  Great For Construction Loans And All Other Typical Home Loan Products.  They Do Some Land Loans, And They Have Done Some Specialty Products For Me In The Past.  Large Horse Facilities That Don’t Fall Into A Typical Package For The Average Lender.

Specializing in Everything VA!

Our Contact person is:

Dorian Henderson

855-217-0769 ext 5949

dorian.henderson@vu.com

Be sure to tell him that I sent you as he has a  Referral Credit that at a minimum can cover the cost of the appraisal.

He also offers a Credit repair program with Lighthouse.  

And they have a handy guide to the VA Home buying Process.

manufactured homes for sale

With a credit score of at least 600 he has loans for Manufactured homes in a park with as little as 5% down.  

Rick Budahl

208-467-9144

rbudahl@cableone.net

nwmhloan.com

Country Place Loans

James Grantham

jgrantham@countryplacemortgage.com

360-709-9191

They Have A Variety Of Products For Everything Manufactured.  From Single Wides To Construction Loans With New Homes.  They Have A Package To Purchase Your Lot, Improve It, And Put Your New Manufactured Home On It For About 5% Down For Approved Credit.    They Also Have A Product For The Twice Moved Manufactured Home.   I Think You Need A Credit Score In The 620 To 680 To Qualify For Any Of There Products But Lots Of Manufactured Homes Options With Them.  Including Homes In Parks.

This is one of our go-to companies for vacant land and homes on acreage.  

www.northwestfcs.com

lender for vacant land