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Rate Sheet General Information

  • Eligible borrowers' maximum income is $110,000 for all counties (except Blaine County which is $120,000) with some exceptions on specialized loans.
  • Maximum debt ratio of 50% will be required on all loan programs.
  • Minimum middle-credit score of 620 is required for all borrowers. Higher credit scores may be required for some programs.
  • Interest rates are subject to change without advance notice.
  • We have new locking guidelines. Please review them here.
  • Finally Home!®Homebuyer education is now required on all Fannie Mae Preferred Lo MI 80% AMI, Freddie Mac 50% and 80% AMI, on all loans that include DPCC assistance, and when Freddie or Fannie requires it (when both borrowers are first-time homebuyers). See specific requirements in detailed rate sheet below.
  • Click here for Homebuyer Tax Credit MCC program availability.
  • Click here for Borrower Income Limits.

For more information, please call toll free 855-505-4700 (ext 8600) or 208-331-4700. For program questions, please email [email protected] For lock questions, please email [email protected]

Second Mortgage (full program details)

  • Fixed rate of 5% over 10 years making the monthly payment low so borrowers can easily qualify for the loan amount.

Forgivable Loan (full program details)

  • Risk Adjustments apply

Foundation Partnership Grant (full program details)

  • A gift of $1000 to be used for closing costs.

Rates updated on January 15, 2021 08:46:56 AM

Freddie Mac 50% AMI - HFA Advantage- Purchase Only
Interest Rate
No Assist/FHLMC Gift 2.375%
Without Assistance 2.625%
With Assistance 2.750%
  • LPA approval required. No manual underwrites are allowed.
  • Must use LPA AUS for HFA Advantage.
  • A Freddie Mac Gift of 1.00% of the loan amount is included in "With Assistance" & "Without Assistance" rates. Gift can be used for down payment and/or closing cost assistance.
  • Other DPCC assistance available:
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • Purchase transactions only.
  • Borrower's income must be less than 50% of Average Median Income (AMI). Income chart.
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required. Only one certificate will be required.
  • No Manufactured homes are allowed.
Freddie Mac 80% AMI - HFA Advantage- Purchase Only
Interest Rate
No Assist/FHLMC Gift 2.500%
Without Assistance 2.625%
With Assistance 2.750%
  • LPA approval required. No manual underwrites are allowed.
  • Must use LPA AUS for HFA Advantage.
  • A Freddie Mac Gift of .50% of the loan amount is included in "With Assistance" & "Without Assistance" rates. Gift can be used for down payment and/or closing cost assistance.
  • Other DPCC assistance available:
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • Purchase transactions only.
  • Borrower's income must be less than 80% of Average Median Income (AMI). Income chart.
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required. Only one certificate will be required.
  • No Manufactured homes are allowed.
Freddie Mac Over 80% AMI - HFA Advantage LLPA - Purchase Only
Interest Rate
Without Assistance 2.625%
With Assistance 2.750%
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • LPA approval required. No manual underwrites are allowed.
  • Standard MI required.
  • Must use Freddie Mac LPA AUS for HFA Advantage.
  • 97% maximum LTV.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • For Borrower's with income greater than 80% of Average Median Income (AMI). Income chart.
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • No Manufactured homes are allowed.
Fannie HFA Preferred Lo MI 80% AMI- Purchase Only
Interest Rate
Without Assistance 2.625%
With Assistance 2.750%
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required. Only one certificate will be required.
  • Manufactured homes are allowed per agency guidelines.
Fannie HFA Preferred Over 80% AMI- Purchase Only
Interest Rate
Without Assistance 2.625%
With Assistance 2.750%
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • Standard MI required.
  • 97% maximum LTV.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • Manufactured homes are allowed per agency guidelines.
Conventional- Purchase Only
Interest Rate
20Y 0 2.375%
-0.5 2.250%
-1 2.125%
15Y 0 2.000%
-0.5 1.875%
-1 1.750%
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • AUS approval required.
  • DPCC assistance available by contacting [email protected]
  • Manufactured Homes are allowed per agency guidelines.
First Loan FHA/RD- Purchase Only
Interest Rate
Without Assistance 2.375%
With Assistance 2.500%
Idaho Heroes 2.125%
First Loan VA- Purchase Only
Interest Rate
0 2.375%
+1 2.625%
+2 2.875%
Idaho Heroes 2.250%
Heroes- +1 2.500%
Heroes- +2 2.750%
FHA/RD
Interest Rate
Without Assistance 2.375%
With Assistance 2.500%
  • No first-time homebuyer requirement.
  • Finally Home!®Homebuyer education is required if DPA is used.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to all first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
VA
Interest Rate
0 2.375%
+1 2.625%
+2 2.875%
  • No first-time homebuyer requirement.
  • 1% and 2% credit available.
  • Finally Home!®Homebuyer education is encouraged but not required.
  • The Homebuyer Tax Credit (MCC) is available to all first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
First Loan 203K Streamline
Interest Rate
2.625%
FHA 203K Streamline
Interest Rate
2.625%
  • No manufactured homes.
  • Purchase transactions only.
  • No first-time homebuyer requirement.
  • Finally Home!®Homebuyer education is required if DPA is used. Only one certificate required.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers. It is also available to previous homeowners in targeted counties only. A previous homeowner is someone who has had an interest in a primary residence in the past three years. Click here for more information about the MCC program.
Freddie Mac 80% AMI - HFA Advantage Rate/Term Refinance
Credits/
Discount Points
Interest Rate
Without Assistance 2.750%
  • LPA approval required. No manual underwrites are allowed.
  • Must use Freddie Mac LPA AUS for HFA Advantage.
  • LPA approval required. No manual underwrites are allowed.
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • For rate/term refinances only.
  • No Manufactured homes are allowed.
  • Freddie Mac Over 80% AMI - HFA Advantage LLPA Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 2.750%
    • See LLPA chart for additional rate add-ons.
    • LPA approval required. No manual underwrites are allowed.
    • Standard MI required.
    • Must use Freddie Mac LPA AUS for HFA Advantage.
    • 97% maximum LTV.
    • For rate/term refinances only.
    • No Manufactured homes are allowed.
    Fannie HFA Preferred Lo MI 80% AMI Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 2.625%
    • 97% maximum LTV, with lower MI.
    • For rate/term refinances only.
    • Manufactured homes are allowed per agency guidelines.
    Fannie HFA Preferred Over 80% AMI Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 2.750%
    • See LLPA chart for additional rate add-ons.
    • Standard MI required.
    • 97% maximum LTV.
    • For rate/term refinances only.
    • Manufactured homes are allowed per agency guidelines.
    Conventional Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    20Y 0 2.500%
    -0.5 2.375%
    -1 2.250%
    15Y 0 2.125%
    -0.5 2.000%
    -1 1.875%
    • See LLPA chart for additional rate add-ons.
    • AUS approval required.
    • Manufactured Homes are allowed per agency guidelines.
    Conventional Cash-Out Refi
    Credits/
    Discount Points
    Interest Rate
    30Y 0 2.750%
    -0.5 2.625%
    -1 2.500%
    20Y 0 2.500%
    -0.5 2.375%
    -1 2.250%
    15Y 0 2.125%
    -0.5 2.000%
    -1 1.875%
    • See LLPA chart for additional rate add-ons.
    • AUS approval required.
    • No manufactured housing.
    FHA Cash-Out Refinance
    Credits/
    Discount Points
    Interest Rate
    0 2.375%
    • No manufactured housing
    VA Cash Out
    Credits/
    Discount Points
    Interest Rate
    0 2.375%
    +1 2.625%
    +2 2.875%
    • Manufactured homes are allowed per agency guidelines.
    FHA Streamline Refi, VA Interest Rate Reduction Refi (IRRRL), USDA-RD Streamline Refi
    Credits/
    Discount Points
    Interest Rate
    0 2.375%
    +1 2.625%
    +2 2.875%
    +3 3.125%
    • Current loan does not have to be an IHFA loan.
    • Income and credit verified for non-IHFA refinances.
    • Appraisal optional.
    • Single-family dwellings only.
    • Manufactured homes are allowed per agency guidelines.
    Second Mortgage

    • This product is available for purchase transactions only.
    • Fixed rate of 5% over 10 years making the monthly payment low so borrowers can easily qualify for the loan amount they need.
      • Credit scores
        • A 680 credit score is required, unless the borrower is using the First Loan that only requires a credit score of 640.
        • Available for 2.5%, or 3.5% if using the First Loan program or Freddie Mac HFA products for 50% / 80% AMI borrowers.
        • Maximum amount of second mortgage based on lesser of sales price or appraised value.
        • Not to exceed the maximum LTV / CLTV approved by mortgage insurance guidelines.
        • First Loan income limits apply for FHA loans with the Second Mortgage.
        • Finally Home! Homebuyer Education is required. Only one certificate is required per loan.
        • Borrowers must contribute at least .5% of the purchase price of their OWN funds into the transaction.
    Forgivable Loan

    • 0% interest 7-year loan.
      • This product is available for purchase transactions only.
      • There is tiered forgiveness
        • 25% is forgiven if paid off (sale or refinance) after 4 years (months 49-60)
        • 50% is forgiven if paid off (sale or refinance) after 5 years (months 61-72)
        • 75 % is forgiven if paid off (sale or refinance) after 6 years (months 73-84)
        • 100% is forgiven after year 7 (after month 84)
        • Risk adjustment 1/8th % (.125) for each .5 % of DPCC used up to 3.5%
        • .125 for .50%
        • .25 for 1%
        • .375 for 1.5%
        • .50 for 2%
        • .625 for 2.5%
        • .75 for 3%
        • .875 for 3.5%
      •  
      • Additional Information:
        • A lien will be placed on the title for the amount of the loan. The terms of forgiveness are described on the note.
        • Documents are available on the home page of Lender Connection.
        • The Forgivable Loan may be combined with the Second Mortgage when using the First Loan, also when using the Freddie Mac HFA Advantage 50% / 80% AMI programs.
        • Finally Home! Homebuyer Education is required. Only one certificate is required per loan.
        • Borrowers must contribute at least .5% of the purchase price of their OWN funds into the transaction.