The CapEd Home Affordable Mortgage Program (CHAMP) is designed to meet the needs of first-time home buyers and lower income households. This program requires only 3% down, which can be from your own funds or gift funds.
CapEd Home Affordable Mortgage Program (CHAMP) Details
- 3% down payment.
- Occupying borrower must be a first time homeowner1.
- Gift funds are allowed.
- First 2 months payments in reserve after closing is required.
- Property restrictions apply.
- Manufactured housing is not allowed.
- Maximum acreage: 10 acres.
- Allows for a non-occupying co-borrower2.
Apply for a Mortgage
Ready to apply for a mortgage? Apply online or visit us in person to start your application today.
Mortgage Loan Officers
We have an experienced and reliable team to assist you every step of the way when buying your new home. If you're ready to apply for a Educator Home Loan, review the resources below and contact our Mortgage team to get started.
Jeff Acree
NMLS Number 6591
Phone Number: (208) 855-4605
Email Jeff
Thunderbolt Branch
Apply with Jeff
Carole Meyer
NMLS Number 91917
Phone Number: (208) 898-7052
Email Carole
South Nampa MCC
Apply with Carole
Joe Azevedo
NMLS Number 96874
Phone Number: (208) 855-4688
Email Joe
Eagle Branch
Apply with Joe
Isabel Bailey
NMLS Number 507120
Phone Number: (208) 884-0150 ext. 7024
Email Isabel
McMillan Branch
Apply with Isabel
Mike Troester
NMLS Number 1381739
Phone Number: (208) 855-4680
Email Mike
Linder MCC
Apply with Mike
Cal Gothberg
NMLS Number 148078
Phone Number: (208) 898-7026
Email Cal
South Meridian MCC
Apply with Cal
Steve Sengelmann
NMLS Number 91656
Phone Number: (208) 855-4603
Email Steve
Parkcenter Branch
Apply with Steve
Ana Moroshan
NMLS Number 452269
Phone Number: (208) 898-7030
Email Ana
South Nampa MCC
Apply with Ana
Disclosures
All loans are subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.
1 First time homeowner is defined as a person who has not owned a home in the last three years.
2 Occupying borrower may petition CapEd to remove the non-occupying borrower from the loan and title to the property after a period of 36 months from the note date. Occupying borrower must still occupy the property, have missed 0 x 30 (delinquency) on existing loan, and fully qualify under the terms of this program by themselves with regards to income, debt-to-income, and credit.
