Boise City FHA Loan Rates, Closing Costs & Stats

BOISE CITY, ID

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Boise City's 119 lenders originated 2,747 FHA loans during 2022. The total origination value was $868,895,000, with an average FHA loan value of $316,307.

    Boise City FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Boise City averaged -0.79% for the week of 2023-11-24, compared to the national average (all FHA variants) of 0% for the same period.

    Boise City's average FHA mortgage closing costs are $9,932.

    The average rate for the prior week (2023-11-17) was 6.6% and one month ago for the week of 2023-10-20, the average rate was 6.61%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.46%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Boise City FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Boise City level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 154 4.92% $14,741
    GUILD MORTGAGE COMPANY 121 4.96% $14,190
    UNITED WHOLESALE MORTGAGE, LLC 97 4.60% $13,879
    QUICKEN LOANS, LLC 87 4.34% $13,978
    MOVEMENT MORTGAGE, LLC 77 5.03% $13,822
    Willamette Valley Bank 67 4.90% $15,109
    PREMIER MORTGAGE RESOURCES, L.L.C. 66 4.83% $17,694
    LOANDEPOT.COM, LLC 60 4.62% $13,562
    IDAHO CENTRAL 59 4.58% $13,527
    ACADEMY MORTGAGE CORPORATION 54 5.36% $15,616
    S1L, Inc. 38 5.02% $14,750
    FINANCE OF AMERICA MORTGAGE LLC 37 5.01% $13,864
    Flagstar Bank, FSB 36 5.02% $13,112
    SUMMIT FUNDING, INC. 34 4.89% $15,599
    Waterstone Mortgage Corporation 33 4.71% $16,007
    PRIMARY RESIDENTIAL MORTGAGE, INC. 31 4.48% $17,002
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 28 5.23% $16,504
    CALIBER HOME LOANS, INC. 28 4.51% $13,374
    PRIMELENDING, A PLAINSCAPITAL COMPANY 24 4.98% $14,186
    Mr. Cooper ( Nationstar Mortgage ) 23 4.37% $14,979
    AMCAP MORTGAGE, LTD. 23 5.70% $15,831
    CHURCHILL MORTGAGE CORPORATION 23 4.71% $14,653
    LAKEVIEW LOAN SERVICING, LLC 23 3.90% $9,264
    CROSSCOUNTRY MORTGAGE, LLC 21 5.51% $15,939
    Gateway First Bank 20 4.62% $11,985
    PACIFIC RESIDENTIAL MORTGAGE, LLC 19 5.10% $16,222
    FIRST COLONY MORTGAGE CORPORATION 13 4.89% $16,556
    BROKER SOLUTIONS, INC. 13 4.62% $15,750
    FREEDOM MORTGAGE CORPORATION 13 4.24% $15,194
    GUARANTEED RATE, INC. 12 5.00% $14,306
    CASTLE & COOKE MORTGAGE, LLC 11 4.66% $16,139
    PENNYMAC LOAN SERVICES, LLC 11 4.48% $11,726
    AMERICAN FINANCING CORPORATION 9 4.07% $11,178
    Carrington Mortgage Services, LLC 8 5.00% $15,624
    CANOPY MORTGAGE, LLC 8 5.39% $19,495
    VERITAS FUNDING, LLC 8 4.78% $17,282
    AMERICAN PACIFIC MORTGAGE CORPORATION 8 4.83% $14,492
    AMERISAVE MORTGAGE CORPORATION 8 4.63% $14,810
    NEWREZ LLC 8 4.81% $11,705
    LOANPAL, LLC 8 4.17% $15,507
    AXIA FINANCIAL, LLC 7 4.96% $15,915
    TBI MORTGAGE COMPANY 7 4.52% $16,916
    BAY EQUITY LLC 7 4.73% $16,221
    LEADERONE FINANCIAL CORPORATION 7 4.89% $15,933
    MOUNTAIN AMERICA 6 4.92% $13,402
    Nations Lending Corporation 6 5.08% $13,820
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 4.29% $10,674
    Bank of England 6 4.46% $16,906
    CMG MORTGAGE, INC. 6 4.54% $16,463
    HOMEBRIDGE FINANCIAL SERVICES, INC. 6 5.19% $11,014
    Summit Mortgage Corporation 5 4.82% $17,577
    Umpqua Bank 5 4.65% $10,923
    MUTUAL OF OMAHA MORTGAGE, INC. 5 4.35% $18,889
    Glacier Bank 4 5.13% $12,153
    HOME POINT FINANCIAL CORPORATION 4 3.84% $18,646
    JPMorgan Chase Bank 4 4.22% $10,174
    Equity Prime Mortgage LLC 4 5.09% $18,098
    EAGLE HOME MORTGAGE, LLC 4 5.78% $22,114
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 4 5.03% $13,291
    D. L. Evans Bank 4 4.59% $12,559
    U.S. Bank 4 4.97% $13,096
    PLANET HOME LENDING, LLC 4 3.41% $9,067
    TOP FLITE FINANCIAL, INC. 4 5.59% $13,038
    Banner Bank 3 4.04% $14,264
    EVERETT FINANCIAL, INC. 3 5.75% $8,958
    Ixonia Bank 3 5.42% $18,301
    JMJ FINANCIAL GROUP 3 4.83% $16,192
    Bank of Idaho 3 4.62% $12,421
    First Home Bank 3 3.54% $16,607
    RANLIFE, INC. 3 5.50% $11,761
    CARDINAL FINANCIAL 3 3.54% $10,872
    VILLAGE CAPITAL MORTGAGE 3 2.79% $5,473
    ZILLOW HOME LOANS, LLC 2 4.06% $11,902
    AMERICAN FINANCIAL RESOURCES, INC. 2 4.81% $12,398
    CALCON MUTUAL MORTGAGE LLC 2 4.06% $17,436
    CHERRY CREEK MORTGAGE, LLC 2 3.56% $8,631
    Commerce Home Mortgage, Inc. 2 5.50% $16,987
    Eagle Bank and Trust Company 2 4.81% $13,291
    Florida Capital Bank 2 4.00% $13,912
    Franklin Loan Corporation 2 5.00% $18,600
    Neighborhood Loans, Inc. 2 5.25% $12,871
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.38% $20,489
    Sierra Pacific Mortgage Company, Inc. 2 5.56% $16,034
    SUN WEST MORTGAGE COMPANY, INC. 2 5.44% $15,222
    Washington Trust Bank 2 5.00% $11,670
    WESTMARK Credit Union 2 4.13% $5,348
    Plains Commerce Bank 1 6.75% $17,158
    Network Funding, L.P. 1 5.63% $18,557
    PLAZA HOME MORTGAGE, INC. 1 4.63% $15,618
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.25% $9,880
    MID AMERICA MORTGAGE, INC. 1 6.63% $3,048
    MANN FINANCIAL INC. 1 5.25% $12,004
    Magnolia Bank 1 7.13% $14,735
    LOANLEADERS OF AMERICA, INC. 1 5.63% $14,394
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.25% $7,515
    Lend Smart Mortgage, LLC 1 3.13% $13,809
    Wells Fargo Bank 1 5.63% $6,693
    1st Security Bank of Washington 1 5.63% $14,290
    SIRVA MORTGAGE, INC. 1 3.63% $11,414
    LADERA LENDING, INC. 1 4.75% $19,216
    KeyBank 1 4.88% $7,662
    BECKAM FUNDING CORP. 1 3.75% $8,691
    HOMESIDE FINANCIAL, LLC 1 5.13% $14,219
    The Federal Savings Bank 1 5.38% $24,152
    TJC Mortgage, Inc. 1 3.75% $9,486
    GENEVA FINANCIAL, LLC 1 4.00% $15,492
    First Guaranty Mortgage Corporation 1 4.50% $9,833
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $13,227
    CUSTOMER SERVICE MORTGAGE CORPORATION 1 5.25% $9,861
    CITYWIDE HOME LOANS, LLC 1 2.88% $16,188
    Victorian Finance, LLC 1 5.63% $18,244
    BNC National Bank 1 6.13% $10,443
    Wyndham Capital Mortgage, Inc. 1 4.00% $18,440
    BKCO MORTGAGE, LLC 1 5.50% $14,596
    OCMBC, INC. 1 5.25% $12,560
    Northpointe Bank 1 4.25% $11,571
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $17,302
    Paramount Bank 1 5.75% $17,730
    NFM, INC. 1 5.88% $15,285

    The top Boise City FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 154 FHA loans originated. Their average total fees are $14,741, which is $551 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Boise City FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($9,264), PENNYMAC LOAN SERVICES, LLC ($11,726), Gateway First Bank ($11,985), Flagstar Bank, FSB ($13,112) and CALIBER HOME LOANS, INC. ($13,374).

    The lowest rate Boise City FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC (3.90%), FREEDOM MORTGAGE CORPORATION (4.24%), QUICKEN LOANS, LLC (4.34%), Mr. Cooper ( Nationstar Mortgage ) (4.37%) and PRIMARY RESIDENTIAL MORTGAGE, INC. (4.48%).

    Boise City FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    BOISE CITY, ID ADA 2022 $515,200 $659,550 $797,250 $990,800
    BOISE CITY, ID BOISE 2022 $515,200 $659,550 $797,250 $990,800
    BOISE CITY, ID CANYON 2022 $515,200 $659,550 $797,250 $990,800
    BOISE CITY, ID GEM 2022 $515,200 $659,550 $797,250 $990,800
    BOISE CITY, ID OWYHEE 2022 $515,200 $659,550 $797,250 $990,800
    BOISE CITY, ID ADA 2023 $586,500 $750,800 $907,550 $1,127,900
    BOISE CITY, ID BOISE 2023 $586,500 $750,800 $907,550 $1,127,900
    BOISE CITY, ID CANYON 2023 $586,500 $750,800 $907,550 $1,127,900
    BOISE CITY, ID GEM 2023 $586,500 $750,800 $907,550 $1,127,900
    BOISE CITY, ID OWYHEE 2023 $586,500 $750,800 $907,550 $1,127,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boise City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $299,495 (15.3%) $375,872 (15.1%) 1.11 2,217
    2018-02-01 $313,000 (17.3%) $392,118 (17.7%) 1.14 1,945
    2018-03-01 $318,995 (15.7%) $399,375 (14.3%) 1.12 1,934
    2018-04-01 $329,950 (14.2%) $413,893 (14.4%) 1.12 1,956
    2018-05-01 $341,243 (17.1%) $427,988 (14.8%) 1.14 2,033
    2018-06-01 $343,990 (18.6%) $424,503 (14.1%) 1.15 2,228
    2018-07-01 $343,020 (19.9%) $424,092 (15.8%) 1.15 2,336
    2018-08-01 $343,945 (21.5%) $419,045 (14.9%) 1.15 2,465
    2018-09-01 $339,000 (19.0%) $410,626 (11.7%) 1.14 2,744
    2018-10-01 $333,400 (15.0%) $412,428 (10.5%) 1.13 2,931
    2018-11-01 $334,450 (13.2%) $417,975 (10.6%) 1.13 2,833
    2018-12-01 $336,990 (12.7%) $420,220 (10.8%) 1.16 2,526
    2019-01-01 $339,000 (13.2%) $423,886 (12.8%) 1.17 2,305
    2019-02-01 $339,945 (8.6%) $430,836 (9.9%) 1.15 2,233
    2019-03-01 $346,575 (8.7%) $434,484 (8.8%) 1.13 2,259
    2019-04-01 $357,673 (8.4%) $443,942 (7.3%) 1.14 2,268
    2019-05-01 $368,950 (8.1%) $453,677 (6.0%) 1.15 2,390
    2019-06-01 $373,737 (8.7%) $460,433 (8.5%) 1.17 2,592
    2019-07-01 $374,313 (9.1%) $461,019 (8.7%) 1.17 2,740
    2019-08-01 $367,900 (7.0%) $455,673 (8.7%) 1.17 2,809
    2019-09-01 $363,400 (7.2%) $449,092 (9.4%) 1.16 2,914
    2019-10-01 $359,900 (8.0%) $444,704 (7.8%) 1.16 2,970
    2019-11-01 $364,957 (9.1%) $446,819 (6.9%) 1.20 2,719
    2019-12-01 $366,932 (8.9%) $447,844 (6.6%) 1.22 2,395
    2020-01-01 $369,900 (9.1%) $448,968 (5.9%) 1.24 2,127
    2020-02-01 $378,823 (11.4%) $459,277 (6.6%) 1.24 1,912
    2020-03-01 $384,223 (10.9%) $478,372 (10.1%) 1.20 1,856
    2020-04-01 $386,450 (8.1%) $478,070 (7.7%) 1.21 2,283
    2020-05-01 $389,900 (5.7%) $487,392 (7.4%) 1.19 2,313
    2020-06-01 $394,368 (5.5%) $494,584 (7.4%) 1.16 1,898
    2020-07-01 $399,950 (6.9%) $512,743 (11.2%) 1.16 1,475
    2020-08-01 $399,995 (8.7%) $523,247 (14.8%) 1.15 1,171
    2020-09-01 $407,990 (12.3%) $535,598 (19.3%) 1.17 973
    2020-10-01 $425,000 (18.1%) $546,599 (22.9%) 1.22 869
    2020-11-01 $441,676 (21.0%) $572,456 (28.1%) 1.29 766
    2020-12-01 $436,500 (19.0%) $556,074 (24.2%) 1.30 670
    2021-01-01 $444,995 (20.3%) $584,527 (30.2%) 1.33 560
    2021-02-01 $469,316 (23.9%) $607,164 (32.2%) 1.37 523
    2021-03-01 $477,500 (24.3%) $620,704 (29.8%) 1.36 630
    2021-04-01 $487,378 (26.1%) $644,492 (34.8%) 1.32 733
    2021-05-01 $519,000 (33.1%) $691,614 (41.9%) 1.38 916
    2021-06-01 $535,858 (35.9%) $692,916 (40.1%) 1.41 1,247
    2021-07-01 $539,900 (35.0%) $685,192 (33.6%) 1.42 1,571
    2021-08-01 $533,675 (33.4%) $672,196 (28.5%) 1.42 1,958
    2021-09-01 $527,000 (29.2%) $661,304 (23.5%) 1.41 2,213
    2021-10-01 $529,990 (24.7%) $662,101 (21.1%) 1.41 2,199
    2021-11-01 $529,950 (20.0%) $674,225 (17.8%) 1.42 1,936
    2021-12-01 $541,968 (24.2%) $678,126 (22.0%) 1.47 1,488
    2022-01-01 $559,900 (25.8%) $697,559 (19.3%) 1.51 1,086
    2022-02-01 $586,900 (25.1%) $738,218 (21.6%) 1.53 903
    2022-03-01 $592,495 (24.1%) $758,477 (22.2%) 1.48 1,019
    2022-04-01 $610,990 (25.4%) $774,367 (20.2%) 1.46 1,246
    2022-05-01 $618,450 (19.2%) $785,536 (13.6%) 1.41 1,994
    2022-06-01 $585,995 (9.4%) $737,112 (6.4%) 1.31 2,927
    2022-07-01 $569,900 (5.6%) $707,053 (3.2%) 1.28 3,732
    2022-08-01 $552,500 (3.5%) $688,012 (2.4%) 1.28 4,002
    2022-09-01 $549,450 (4.3%) $680,749 (2.9%) 1.28 4,055
    2022-10-01 $539,500 (1.8%) $675,458 (2.0%) 1.27 3,965
    2022-11-01 $522,400 (-1.4%) $665,201 (-1.3%) 1.26 3,625
    2022-12-01 $515,000 (-5.0%) $661,578 (-2.4%) 1.27 3,102
    2023-01-01 $524,900 (-6.3%) $661,222 (-5.2%) 1.30 2,490
    2023-02-01 $552,495 (-5.9%) $696,121 (-5.7%) 1.33 2,045
    2023-03-01 $574,900 (-3.0%) $725,453 (-4.4%) 1.36 1,943
    2023-04-01 $584,900 (-4.3%) $752,510 (-2.8%) 1.36 1,951
    2023-05-01 $609,875 (-1.4%) $765,300 (-2.6%) 1.38 2,051
    2023-06-01 $601,175 (2.6%) $762,636 (3.5%) 1.35 2,243
    2023-07-01 $599,900 (5.3%) $750,807 (6.2%) 1.36 2,394
    2023-08-01 $584,950 (5.9%) $742,946 (8.0%) 1.34 2,552
    2023-09-01 $575,000 (4.7%) $737,434 (8.3%) 1.34 2,616
    2023-10-01 $555,995 (3.1%) $727,803 (7.8%) 1.31 2,619
    Boise City's median listing price for 2023-10-01 was $555,995, a difference of $16,495 (3.1%) versus the prior year and $-19,005 versus the prior month.

    Boise City's median listing price comes in at 131% of the national average.

    Boise City's average listing price for 2023-10-01 was $727,803, a difference of $52,345 (7.8%) versus the prior year and $-9,631 versus the prior month.

    For the 2023-10-01 period, Boise City had 2,619 MLS listings, a difference of 3 listings (0%) versus the prior month and -1,346 listings (-34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boise City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 60 days 2,238 sqft
    2018-02-01 42 days 2,278 sqft
    2018-03-01 28 days 2,228 sqft
    2018-04-01 25 days 2,196 sqft
    2018-05-01 23 days 2,224 sqft
    2018-06-01 25 days 2,224 sqft
    2018-07-01 29 days 2,219 sqft
    2018-08-01 31 days 2,195 sqft
    2018-09-01 32 days 2,141 sqft
    2018-10-01 38 days 2,128 sqft
    2018-11-01 44 days 2,119 sqft
    2018-12-01 52 days 2,120 sqft
    2019-01-01 56 days 2,127 sqft
    2019-02-01 41 days 2,117 sqft
    2019-03-01 36 days 2,120 sqft
    2019-04-01 32 days 2,146 sqft
    2019-05-01 30 days 2,213 sqft
    2019-06-01 32 days 2,245 sqft
    2019-07-01 37 days 2,235 sqft
    2019-08-01 38 days 2,190 sqft
    2019-09-01 39 days 2,158 sqft
    2019-10-01 40 days 2,133 sqft
    2019-11-01 50 days 2,136 sqft
    2019-12-01 59 days 2,153 sqft
    2020-01-01 59 days 2,133 sqft
    2020-02-01 43 days 2,114 sqft
    2020-03-01 32 days 2,139 sqft
    2020-04-01 32 days 2,160 sqft
    2020-05-01 52 days 2,176 sqft
    2020-06-01 57 days 2,180 sqft
    2020-07-01 55 days 2,188 sqft
    2020-08-01 49 days 2,113 sqft
    2020-09-01 53 days 2,040 sqft
    2020-10-01 57 days 2,025 sqft
    2020-11-01 51 days 2,024 sqft
    2020-12-01 54 days 1,970 sqft
    2021-01-01 47 days 1,970 sqft
    2021-02-01 35 days 1,979 sqft
    2021-03-01 32 days 2,020 sqft
    2021-04-01 33 days 2,008 sqft
    2021-05-01 32 days 2,025 sqft
    2021-06-01 26 days 2,025 sqft
    2021-07-01 28 days 2,046 sqft
    2021-08-01 29 days 2,024 sqft
    2021-09-01 33 days 2,023 sqft
    2021-10-01 41 days 2,025 sqft
    2021-11-01 47 days 2,038 sqft
    2021-12-01 49 days 2,054 sqft
    2022-01-01 53 days 2,085 sqft
    2022-02-01 30 days 2,120 sqft
    2022-03-01 26 days 2,127 sqft
    2022-04-01 29 days 2,144 sqft
    2022-05-01 23 days 2,168 sqft
    2022-06-01 26 days 2,100 sqft
    2022-07-01 36 days 2,098 sqft
    2022-08-01 46 days 2,096 sqft
    2022-09-01 55 days 2,101 sqft
    2022-10-01 61 days 2,110 sqft
    2022-11-01 69 days 2,110 sqft
    2022-12-01 78 days 2,107 sqft
    2023-01-01 81 days 2,124 sqft
    2023-02-01 65 days 2,168 sqft
    2023-03-01 44 days 2,215 sqft
    2023-04-01 43 days 2,270 sqft
    2023-05-01 38 days 2,311 sqft
    2023-06-01 38 days 2,298 sqft
    2023-07-01 43 days 2,266 sqft
    2023-08-01 44 days 2,228 sqft
    2023-09-01 46 days 2,186 sqft
    2023-10-01 51 days 2,127 sqft
    Boise City's median listing age (time on market) for 2023-10-01 was 51 days. This is -16% shorter than the same period one year ago.

    Boise City's median square footage for active listings during the 2023-10-01 period was 2,127 sqft. One year prior, the average listing was 2,110 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).