In Idaho, we have a new program for first time home buyers. It allows for zero down payment and a low 30year fixed rate mortgage. Its not an FHA loan, but a conventional loan. There are some qualifications you must meet:

*680 or higher fico score

*Debt to income ratio of 45% or less

*Must have $1000 into transaction. This covers your initial insurance, prepaid interest, and escrows.

This loan is a great help to those borrowers who do not have the 3.5% required by an FHA loan. Furthermore, it doesn't carry the monthly mortgage insurance that FHA and regular conventional loans have.

If this sounds like something you would like to hear more about, call me at 208-861-7579 or go to my webiste at www.loansbyrogerhowell.com