First-Time Home Buyer Loans
Certified Idaho Housing Lender, Idaho Housing provides these benefits
- Low mortgage rates
- Down payment and closing cost assistance
- Low or no mortgage insurance
- Homebuyer Education
- Free housing counseling
- Loans serviced in Idaho
Additional benefits through the rural development program
- As low as $500 down payment
- Very low fees
- The rate you see is the rate you get! *OAC
Let’s move from pre-qualified to pre-approved today!
Begin your application by clicking Apply Now and review the required documents to have ready for your loan application.
Finally Home!® Homebuyer Education is one of the smartest moves you can make when purchasing a home, and it may be required for some of our loan products. Take the Finally Home! homeowner course early in the home-buying process.
Beehive offers mortgages, including in areas covered by flood insurance requirements. The National Flood Insurance Program (NFIP) is a Federal program providing flood insurance, floodplain management, and the development of flood hazard zones. Flood insurance is required by federal law for members borrowing funds in high-risk zones.
Can I get out of the requirement to have flood insurance? Members can hire a qualified surveyor to perform an elevation certificate on their home. This certificate can be sent with an application to FEMA for a letter of Map Amendment (LOMA). LOMA is an official amendment, by letter, to an effective NFIP map. A LOMA establishes a property’s location in relation to the Special Flood Hazard Area (SFHA). LOMAs are usually issued because a property has been inadvertently mapped as being in the floodplain, but is actually on natural high ground above the base flood elevation. Because a LOMA officially amends the effective NFIP map, it is a public record that the community must maintain.