Purchase A Home

Purchasing a home is a big investment. Whether you are a first-time home buyer, buying your next home, or buying a vacation or investment home second home, our Mortgage Loan Officers are here to help you every step of the way. Let us help you find the best mortgage option for your financial situation.

Mortgage Options

Here are the various mortgage loan types available to assist with your home purchase.

Mortgage Type	Details	Best for you if...
Conventional Mortgage	Fixed interest rate Term: 5 to 30 years	You don't plan on moving in the foreseeable future You want the security of a fixed interest rate and payments that will only change if taxes and insurance change
Adjustable Rate Mortgage (ARM)	Options include: 3/1, 5/1, 5/5, 7/1	You want to keep payments lower during the early years of your loan You plan to move or payoff your mortgage within 10 years You expect your income to increase significantly in the coming years
FHA Mortgage	Ideal for first time home-buyers seeking a low down payment	You have a limited established credit history You have limited funds for down payment and closing costs You are using gift funds or a down payment assistance program You have a limited credit history
IHFA Mortgage	Tailored specifically for Idaho residents Allows for a lower down payment Down payment assistance programs available	You have limited funds for down payment and closing costs Seeking assistance with down payment and closing costs You have a limited credit history
VA Mortgage	Government backed loan for military members Zero down payment for eligible veterans and active military	You are a member of the military You have limited down payment You are using gift funds or a down payment assistance program You have a limited credit history

Rates

Rates current as of .

Conventional Fixed

Mortgage Term	Interest Rate	APR	Sample Payment
30 Year	%	%	Sample Payment
15 Year	%	%	Sample Payment
10 Year	%	%	Sample Payment

Idaho Housing

Mortgage Term	Interest Rate	APR	Points	Sample Payment
30 Year	%	%		Sample Payment

Lock & Locate

Take the mystery out of knowing what your mortgage rate will be while taking the time to find the home location that’s right for you. CapEd members are able to lock a mortgage loan at a current rate¹ for up to 180 days on existing homes and 360 days if you're building a home. CapEd’s Lock & Locate program also allows a one-time “float down” option to be used within 60 days of closing or rate expiration, if rates drop. Let us help you find your perfect home!