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8 Best Idaho Housing and Finance Association Lenders of 2020

NerdWalletJanuary 2, 2020

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The Idaho Housing and Finance Association offers competitive interest rates for purchase and refinance mortgages, along with down payment and closing cost assistance grants. Here are some lenders that can help you apply.

Loan programs and grants offered by the Idaho Housing and Finance Association can make buying a home more affordable for both repeat and first-time home buyers.

The first step to apply is choosing a lender approved by Idaho Housing and Finance.

NerdWallet has reviewed several of IHFA’s approved lenders and assembled some top picks. We also listed some local IHFA lenders we haven’t reviewed but who do a lot of business in Idaho.

Summary of Best Idaho Housing and Finance Association Lenders of 2020

LenderNerdWallet Rating Minimum Credit Score Minimum Down PaymentLearn More

Flagstar: NMLS#417490

Best for government loan programs

620

3%

Read review

Guild Mortgage: NMLS#3274

Best for government loan programs

620

3%

Read review

Fairway Independent Mortgage: NMLS#2289

at Fairway

Best for online convenience

620

3%

at Fairway

Wells Fargo: NMLS#399801

Best for online convenience

620

3%

Read review

PrimeLending: NMLS#13649

Best for credit challenges

620

3%

Read review

Caliber: NMLS#15622

Best for credit challenges

620

3%

Read review

loanDepot: NMLS#174457

at loanDepot

Best for customer service

620

3.5%

at loanDepot

HomeBridge: NMLS#6521

Best for customer service

620

3%

Read review

Flagstar: NMLS#417490

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Good for borrowers who want a wide range of choices — not only among mortgage products, but also in the channel they prefer, whether a branch, online or on the phone.

Pros

  • Offers a wide range of loan types and products, including FHA, VA and USDA.

  • Has a full suite of online conveniences.

  • Does well with rate transparency, and monthly payment estimates add mortgage insurance, when applicable.

Cons

  • Doesn’t offer renovation loans at this time.

  • Home equity lending is geographically limited.

Read Full Review

Guild Mortgage: NMLS#3274

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers with a relatively high credit score who may need down payment assistance or help from a state housing agency.

Pros

  • Works with loan programs offered by state and local housing agencies.

  • Specializes in mortgages for first-time home buyers.

  • Almost half of its loans are low-down-payment government mortgages.

  • Considers alternative credit, such as history of payments on rent and utilities.

Cons

  • With a concentration of offices in the West and South, Guild has little presence in the Northeast and Midwest.

  • Jumbo borrowers may find that banks are more competitive when it comes to large loan amounts.

Read Full Review
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at Fairway

Fairway Independent Mortgage: NMLS#2289

Logo

Min. Credit Score

620

Min. Down Payment

3%

at Fairway


Why we like it

Ideal for borrowers who want lots of options and a quick turn time. Fairway Independent Mortgage offers a full selection of home loans along with a comprehensive mobile app for a fast and easy application process.

Pros

  • A robust suite of loan products.

  • Licensed in all 50 states.

  • Close in as little as 10 days using the Fairway app.

Cons

  • Limited branch locations.

  • Mortgage rates not posted on website.

Read Full Review

Wells Fargo: NMLS#399801

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers looking for a national lender with a complete selection of mortgage products for home buyers in all financial stages.

Pros

  • Loan programs to educate and assist first-time home buyers, union members and others.

  • Relocation and employee mortgage programs for many large companies.

  • Accepts down payments as low as 3% on fixed-rate mortgages through its yourFirst Mortgage program.

Cons

  • Government actions and scandals have damaged consumer trust.

Read Full Review

PrimeLending: NMLS#13649

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home.

Pros

  • Full online application includes document uploads and automated loan updates.

  • Offers a "float-down" interest rate lock.

  • Offers a proprietary closing-cost assistance program.

Cons

  • No online mortgage rates — you have to contact the lender for info.

  • Doesn't offer home equity products.

Read Full Review

Caliber: NMLS#15622

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Good for: first-time home buyers, veterans and those who may have credit challenges to overcome.

Pros

  • Offers extensive educational resources for military borrowers.

  • Provides digital tools for a streamlined application process.

  • Participates in some state down payment assistance and first-time homebuyer programs.

Cons

  • No mortgage rates displayed online.

  • Doesn't offer home equity loans or lines of credit.

Read Full Review
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at loanDepot

loanDepot: NMLS#174457

Logo

Min. Credit Score

620

Min. Down Payment

3.5%

at loanDepot


Why we like it

Ideal for borrowers looking to get a mortgage with help from a loan officer. Digital back-office operations are said to add efficiency to the loan process.

Pros

  • Offers digital income, asset and employment verification.

  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.

  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.

  • Does not offer home equity loans or lines of credit.

Read Full Review

HomeBridge: NMLS#6521

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers who prefer an online experience. Homebridge offers a variety of home loan options and an online application.

Pros

  • A wide variety of loan types.

  • Low credit score requirements for government-backed loans.

  • A wealth of educational material on its website.

  • Licensed in all 50 states.

Cons

  • Mortgage application can't be tracked online.

  • Charges origination fees on some loans.

  • Limited branch locations.

Read Full Review

More Idaho Housing and Finance lenders

These IHFA lenders do a high volume of lending in Idaho, but they haven't been reviewed by NerdWallet.

  • Publishes sample mortgage rates online.

  • Has over two dozen branches in Treasure Valley, Magic Valley, Eastern Idaho and North Idaho.

  • Says most loans close within 30 days.

  • Website has live chat.

  • Publishes sample mortgage rates online.

  • Has 11 Idaho branches.

  • Offers a full menu of mortgages.

  • Features home buyer education materials on its website.

Glacier Bank (doing business as Citizens Community Bank and Mountain West Bank)

  • Has Citizens Community Bank locations in Ammon, Chubbuck, Idaho Falls, Pocatello and Rexburg.

  • Has Mountain West Bank locations in Coeur d’Alene, Hayden and Post Falls.

  • Website lets you choose a loan officer and start an application online.

  • Doesn't publish mortgage rates online.

  • Has more than two dozen branches across the state.

  • Publishes current sample rates for a variety of mortgages on its website.

  • Offers online custom rate quotes, based on credit score, down payment and other factors.

  • Website lets you start a mortgage application online.

More from NerdWallet

Last updated on January 2, 2020

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Idaho Housing and Finance Association Lenders of 2020