Summary: Buying a home is a big deal, and is likely the biggest financial investment you will ever make. In this article, we will provide resources for home buyers looking to purchase a home in Boise, ID.
Every home buyer should take the time to get educated on the home buying process in their location to ensure that the right decisions are made and their capital is appropriately spent. That’s why at Sammamish Mortgage, we work hard to put together helpful and easily-digestible and accessed information for home buyers and mortgage shoppers. On this page, we have compiled a number of helpful resources for Boise home buyers.
Boise Home Buyers Guide
Housing Market Updates for 2020
Boise, ID is considered to be the hottest real estate market in the entire country in 2020. In this guide, we’ll explain the current home prices in the city and forecasted price increases into the next few months. This guide will help buyers put their best foot forward as they navigate a hot housing market. While it may be a seller’s market in Boise right now, there’s no reason why buyers can’t be successful when buying a home!
Many people choose to relocate because of affordability and proximity to employment. In Idaho, there are many attractive cities that people look to when moving, and Boise is one of them. Median prices vary from one city to another, but some cities offer buyers more bang for their buck. In this guide, we’ll explain some of the most popular cities in Idaho for relocation and show you why Boise should be one of them.
First-time buyers have an especially challenging situation whereby they do not have the funds from a previous home sale to put towards a new home purchase. That’s why choosing the right starter home is so important for these buyers. Luckily, Idaho and Boise offer plenty of great options for buyers to find and buy the right starter home for them. In this guide, we’ll provide a handy tool that buyers can use to not only find the perfect starter home in Boise or in other cities in Idaho, but also to get the mortgage process started to finance it.
Closing costs are part of every real estate transaction, and buyers in Boise need to understand that their home purchase will come with other costs in addition to their mortgage payments. Closing costs involve payments for various services, fees, and taxes that are involved in buying a home and can cost anywhere from 3% to 5% of the purchase price of a home. Understanding what these costs are and the total expense will help Boise homebuyers be better able to budget for a home purchase. This guide will give you an idea of what you might expect to pay in closing costs for a home purchase in Boise.
If the goal is to purchase a property in Boise or Idaho for investment purposes, then there are many factors that you will want to consider before you make your final decision. Both the location and the property itself will need to be assessed, and there are various other aspects involved that you will need to be analyzed prior to buying a real estate investment property in Idaho. This guide will help you determine where to find hot markets in ID to invest in this year.
When buying a home in Boise, it’s important to use the services of an experienced mortgage company that can help you navigate all of your home loan options. These experts will work with your current financial situation and educate you on what there is available and help you make the right choice on which home loan product to choose. This guide will outline why using a mortgage company is so important when buying real estate.
Mortgage Loan Guides for Boise Home Buyers
As a buyer in Boise, you have your own specific financial situation that will dictate the type of mortgage you get and the type of home you buy. You will definitely want to be armed with important questions and have them answered thoroughly in order to ensure that you make the right home buying decision for you. This guide will answer some of these important questions for you.
The rate that you get on your mortgage will make a huge difference in the overall amount that you end up paying over the life of your loan. Even a difference of a couple of percentage points can mean the difference of tens of thousands of dollars or more spent on interest. It’s in your best interests as a buyer to understand how mortgage rates impact your home loan, and this guide will help explain this in more detail.
Mortgage loans have maximum size limits, which are based on the median home price in each county. As such, these loan limits vary from one county to the next. We’ve created a loan limit guide for Boise home buyers that has been fully updated for 2020.
There are many factors that go into your ability to secure a mortgage in Boise, and your credit score is one of them. With a higher credit score, you stand a higher chance of getting approved for a mortgage and a lower interest rates. If your score is on the lower end of the spectrum, there are some things you can do to give it a boost. This guide will explain more.
Getting pre-approved for a mortgage is an important step in the mortgage and home buying process. It will help you stand out to sellers, give you an idea of how much you can afford in a home purchase, and help move the final mortgage approval process along after you’ve found the perfect home in Boise. In this guide, we’ll help you get organized and gather all the pertinent documents you will need to get pre-approved for a mortgage.
Need a Home Loan in Boise, Idaho?
Do you plan to buy a home in Boise, ID sometime soon? Do you need a mortgage loan to finance your purchase? We can help. Sammamish Mortgage has been serving borrowers in the Pacific Northwest since 1992, including WA, OR, CO, and ID. We are a family-owned company located in Seattle & Bellevue, Washington. We offer a wide variety of loan mortgage programs for you to choose from. Please contact us with any mortgage-related questions you have.