Idaho Mortgage Loan

If you want fast, friendly, professional service with an experienced loan officer then Legacy Mortgage is the right choice for you. Legacy Mortgage is one of the only Mortgage Brokers in Idaho Falls that has been in business for over ten years and it shows! With our wide variety of loan programs, including FHA, IHA, RD and Conventional loans, we will custom-tailor a loan to fit your needs. Here at Legacy we take pride in our wide variety of loan programs and our fast, friendly service. We understand that your home is likely the biggest investment that you will ever make and we take that seriously. Whether it’s a purchase of your very first home or a cash-out refinance, we want to help YOU make the right decision for you and your family.

Conventional Loans: We offer a variety of conventional loans. We can do a 15, 20, 30 or 40 year fixed loan and we also offer several adjustable rate loan programs. A conventional loan is the most common of home loans. Typically they are for owner-occupied purchases or refinances but we can also do loans for investment properties under this loan program.

Federal Housing Administration Loans (FHA): FHA loans are fast becoming one of the best options for a wide variety of home buyers. This loan programs can go up to 97% of the purchase price on a purchase and up to 95% of the value on a refinance. This means either less of a down payment from you or more cash out on a refinance. Interest rates and mortgage insurance are extremely competitive under this loan program. This program also offers people with “less than perfect” credit a great option for home ownership. Another great feature of an FHA loan is the fact that the 3% down payment can be a gift from a family member.

Idaho Housing Association Loans (IHA): IHA loans are a great option for home buyers here in Idaho. IHA loans go up to 97% of the purchase price, which means less of a down payment from you. They also offer several different options for down payment assistance.

Rural Development Loans (RD): RD loans are tailored for more rural communities such as Rigby, Rexburg, Blackfoot, Shelley, Firth, etc. This program does not have a minimum credit score requirement, which makes it a great option for people with “less than perfect” credit. RD does NOT require a down payment (which means they go up to 100% loan to value) and does not require monthly mortgage insurance, which makes for a more affordable payment.