Call us so we can help meet your lending needs.
(208) 525-8778
Apply Online
Apply Online

Call us so we can help meet your lending needs.

(208) 525-8778
idaho
Menu

Who Is the Best Lender for First-Time Home Buyers in Idaho?

by

If you’re a first-time home buyer in Idaho, you’re probably wondering where to start—and more importantly, who you can trust to guide you through the process. Purchasing your first home is one of the most exciting milestones in life, but it can also feel overwhelming. That’s why choosing the right mortgage lender is crucial. For residents in East Idaho cities such as Idaho Falls, Rexburg, Rigby, Shelley, Firth, Pocatello, and Iona, InterWest Mortgage stands out as the top lender for first-time homebuyers.

Why First-Time Home Buyers Need the Right Mortgage Partner

Buying your first home comes with a lot of unknowns: What kind of loan do you qualify for? How much house can you afford? What are the hidden costs of homeownership? A knowledgeable and supportive lender can make all the difference.

InterWest Mortgage has built a strong reputation in East Idaho by helping first-time buyers navigate these questions with confidence and clarity. Their experienced loan officers focus on education, transparent communication, and tailored loan solutions that fit your unique financial situation.

What Makes InterWest Mortgage the Best Choice?

1. Local Expertise in East Idaho

InterWest Mortgage isn’t just any lender—they’re deeply rooted in the communities they serve. Whether you’re buying your first home in Idaho Falls or settling down in Shelley, InterWest’s team understands the local market dynamics and property values.

Their team has decades of experience working in cities across East Idaho, including:

  • Idaho Falls: One of the most popular cities for first-time home buyers, thanks to its growing job market and family-friendly neighborhoods.
  • Rexburg: Home to Brigham Young University-Idaho, attracts young professionals and families looking for starter homes.
  • Rigby and Shelley: Perfect for buyers seeking small-town charm and more space without straying too far from city amenities.
  • Firth and Iona: Ideal for those who want quiet, tight-knit communities with easy access to larger towns.
  • Pocatello: A regional hub with diverse housing options and strong economic growth.

2. First-Time Buyer Programs and Loan Options

InterWest Mortgage offers a range of loan products designed specifically with first-time buyers in mind, including:

InterWest’s loan officers will take the time to explain each option and help you determine what works best for your budget and goals.

3. Hands-On, Personalized Service

At InterWest Mortgage, you’re not just another application. Their commitment to personalized service means you’ll work one-on-one with a dedicated loan officer who knows your name, understands your needs, and is available every step of the way.

From pre-approval to closing day, they’ll walk you through paperwork, timelines, and any bumps in the road, making the process as smooth and stress-free as possible.

4. Fast, Efficient Loan Processing

First-time buyers are often on a tight timeline, especially if they’re transitioning from renting to owning. InterWest Mortgage is known for its streamlined loan processing and clear communication, ensuring you move into your new home without unnecessary delays.

Tips for First-Time Home Buyers in East Idaho

Whether you’re looking in Idaho Falls or Pocatello, here are a few tips to make your home buying journey a success:

  • Get Pre-Approved Early: This shows sellers you’re serious and helps you understand your price range.
  • Work with a Local Lender: National lenders may not understand the specifics of East Idaho real estate. InterWest Mortgage knows the area and offers faster, more personalized service.
  • Explore First-Time Buyer Programs: Ask about down payment assistance, closing cost grants, and credit counseling.
  • Budget for More Than the Mortgage: Don’t forget costs like property taxes, insurance, and home maintenance.

Why InterWest Mortgage Is the Smart Choice for First-Time Buyers

When it comes to buying your first home, you want a lender who sees the big picture and supports your long-term financial goals. InterWest Mortgage offers:

  • Expert guidance from local loan officers
  • Competitive interest rates
  • Access to Idaho-specific loan programs
  • A strong reputation built on trust and community involvement

Whether you’re buying a starter home in Rigby or settling into your forever home in Idaho Falls, InterWest Mortgage is here to help make your dreams a reality.

Ready to Get Started?

If you’re a first-time home buyer in Idaho Falls, Rexburg, Rigby, Shelley, Firth, Pocatello, or Iona, reach out to InterWest Mortgage today. Let their team of experienced professionals guide you through the home loan process with confidence, care, and clarity.

Connect with one of our experienced loan officers or call our Idaho Falls office to schedule a consultation. Your path to homeownership starts here!

Call: (208) 525-8778

What Credit Score Is Needed To Buy a House in Idaho?

by

1. Understanding the Role of Your Credit Score in Buying a Home

Buying a home is more than picking your dream property and signing a few papers. It’s a process that involves financing, paperwork, and strategy, especially when it comes to your credit score. Many buyers focus on saving for a down payment and finding the perfect neighborhood, but your credit score is just as crucial. Why? Because lenders rely heavily on it to assess whether you’re a reliable borrower. Your score determines if you qualify and the interest rate and loan terms you’ll be offered.

Let’s face it: the better your credit, the more attractive you are to lenders. And the more favorable your terms, the less you’ll pay over the life of your mortgage. In this guide, we’ll break down what kind of score you need, how it affects your loan, and how to boost your score before applying. Ready? Let’s dive in.

2. What Is Considered a Good Credit Score To Buy a House?

If you’re wondering what credit score you need to buy a home, here’s the quick answer: 620 or higher is typically required for most conventional mortgage loans. However, this isn’t a one-size-fits-all number. Some government-backed loans, like FHA loans, allow scores as low as 500, but with strings attached, such as a larger down payment or higher interest rates.

Here’s a breakdown of credit score ranges and what they mean for homebuyers:

  • 500–579: Technically acceptable for an FHA loan with at least 10% down. Expect higher rates.
  • 580–619: You may qualify for FHA with 3.5% down, but conventional options are limited.
  • 620–699: You can likely secure a conventional loan, though not the best interest rates.
  • 700–739: Good credit. You’ll typically get favorable rates and a variety of loan options.
  • 740+: Excellent credit. You’ll qualify for the best rates and terms available.

Keep in mind, though, credit isn’t the only factor. Your debt-to-income (DTI) ratio, loan-to-value (LTV) ratio, and income history play a role. Even with a stellar credit score, poor financial metrics in these other areas can hinder your mortgage approval.

3. Credit Score Requirements by Mortgage Loan Type

Different types of mortgage loans come with varying credit requirements. It’s not just about the score—you need to match the right loan to your situation. Here’s how major loan types stack up:

FHA Loans

  • Minimum Score: 500 (with 10% down), or 580 (with 3.5% down)
  • Ideal For: First-time homebuyers or those with lower credit scores
  • Pros: Lower credit requirements, smaller down payments
  • Cons: Requires mortgage insurance, which increases monthly costs

VA Loans

  • Minimum Score: No official minimum, but most lenders require 620+
  • Ideal For: Eligible veterans, service members, and spouses.
  • Pros: No down payment, no mortgage insurance.
  • Cons: Must meet eligibility criteria.

Rural Development Loans

  • Minimum Score: Typically 640+
  • Ideal For: Buyers in rural areas.
  • Pros: No down payment required with reduced mortgage insurance costs.
  • Cons: Income and location restrictions. Slower loan processing.

Conventional Loans

  • Minimum Score: 620.
  • Ideal For: Buyers with good to excellent credit.
  • Pros: Flexible terms, no mortgage insurance with 20% down.
  • Cons: Tougher qualification requirements.

Idaho Housing & Finance

  • Minimum credit score typically 620+.
  • Ideal for first-time buyers needing down payment assistance.
  • Pros: Offers down payment and closing cost assistance.
  • Cons: Income and price limits may restrict eligibility.

Your interest rate can vary significantly within these categories depending on your credit profile. A borrower with a 680 score might pay thousands more over the life of a loan than someone with a 740+ score, even if they’re borrowing the same amount.

4. How Is Your Credit Score Calculated?

You need to understand what goes into your credit score to improve it. Your score isn’t a mystery—it’s calculated based on several specific factors, each with its weight. Here’s how most scoring models, like FICO®, break it down:

  • Payment History (35%): Have you paid your bills on time?
  • Credit Utilization (30%): How much of your available credit are you using?
  • Length of Credit History (15%): How long have your accounts been open?
  • New Credit (10%): Have you applied for much credit recently?
  • Credit Mix (10%): Do you have different types of credit (cards, loans, etc.)?

Credit scores range from 300 to 850. The higher, the better. Lenders usually pull scores from all three major credit bureaus—Equifax®, Experian™, and TransUnion®—and use the middle score to decide. If you’re applying jointly, the lowest middle score between the applicants is used (except for some conforming loans, where they average the two).

5. How To Improve Your Credit Score Before Applying for a Mortgage

Improving your credit score isn’t rocket science, but it takes time and consistent effort. If you’re planning to buy a home in the next year or two, here are key strategies to give your score a serious boost:

1. Pay Down Outstanding Debt

High balances relative to your limits can kill your credit score. Focus on paying off credit cards and loans. Your credit utilization ratio should ideally be below 30%, but the lower, the better. For example, if your credit limit is $10,000, keep your total balances under $3,000.

2. Always Pay Bills on Time

Lenders look for reliability. Even one missed payment can ding your score by 50–100 points. Set up automatic payments or reminders to stay on track.

3. Avoid New Credit Applications

Each time you apply for a new credit line, a hard inquiry appears on your report, which can lower your score temporarily. Multiple inquiries can signal financial distress.

4. Check Your Credit Reports for Errors

According to studies, about 1 in 5 Americans has an error on their credit report. Review your reports from all three bureaus and dispute any inaccuracies. You’re entitled to a free credit report weekly from each bureau at AnnualCreditReport.com.

5. Keep Old Accounts Open

The age of your credit history matters. Don’t close old credit card accounts even if you don’t use them regularly. They help boost the length of your credit history.

Conclusion: Take Charge of Your Credit and Homebuying Journey

Your credit score plays a critical role in your journey to homeownership. It not only influences your ability to qualify for a mortgage but also impacts your interest rates, monthly payments, and the total amount you’ll pay over the life of your loan. While getting a home loan with a lower score is possible, working to improve your credit before applying can save you thousands of dollars and open the door to better loan terms.

From understanding how your score is calculated to following actionable steps like paying down debt, making on-time payments, and checking your reports for errors, every small move you make today sets you up for long-term success. Don’t forget, your credit score is just one part of the mortgage equation. Lenders will also evaluate your income, assets, DTI, and LTV ratios to determine the right loan program for you.

Feeling overwhelmed or unsure of where to start? You don’t have to navigate the mortgage process alone. InterWest Mortgage is here to help. Their team of experienced professionals will walk you through your options, help you understand your credit standing, and match you with the best loan program tailored to your financial situation. Whether you’re buying your first home or your fifth, they’ll ensure you get the support and guidance you need every step of the way.

Ready to take the next step? Contact InterWest Mortgage today to turn your homeownership dreams into reality.

InterWest Mortgage Named Idaho’s Best Mortgage Lender in 2025: A Statewide and Regional Standout

by

In 2025, InterWest Mortgage has once again proven its dedication to excellence by being named a Statewide Winner in the prestigious Idaho’s Best Awards. In addition to earning the title of Best Mortgage Lender of Eastern Idaho, this trusted mortgage company has also been honored in the “Best of Greater Idaho Falls” contest for three consecutive years. These back-to-back recognitions are no accident—they are the result of consistent, customer-first service, deep community ties, and an elite team of mortgage professionals leading the charge.

Much of this recognition stems from the glowing reputation InterWest Mortgage has built across the state. With over 392 online reviews and an impeccable A+ rating from the Better Business Bureau (BBB), this award-winning lender has become synonymous with trust, professionalism, and personalized service. It’s no coincidence that the top three mortgage lenders in Bonneville County—Joni Kepler, Jason Speirs, and Sean Finch—are all under one roof at InterWest Mortgage.

What Makes Idaho’s Best Award So Meaningful?

The Idaho’s Best Awards are not simply popularity contests—they are a rigorous and highly regarded measure of public trust, service excellence, and business reputation across the state. According to the official Idaho’s Best process (as detailed on idahosbest.com), winners are selected through a three-tiered process:

  1. Public Nominations – Only businesses nominated by Idaho residents are eligible for consideration.
  2. Voting Phase – The public is then invited to vote on their favorites in each category.
  3. Validation by Review Panel – Finalists are judged based on customer reviews, business reputation, and overall excellence.

This process ensures that winners aren’t just popular—they are proven providers of outstanding service. InterWest Mortgage’s 2025 win proves that their commitment to homebuyers and homeowners in Idaho goes far beyond standard service—it’s a legacy of excellence.

InterWest Mortgage: The Pillars Behind Their Continued Success

The consistent success of InterWest Mortgage doesn’t happen by chance. The company is built on four core pillars that have made it a top mortgage lender in Idaho for decades: expert leadership, comprehensive in-house operations, unmatched customer service, and strong community roots.

1. Expert Leadership from Idaho’s Top Mortgage Professionals

At the center of InterWest Mortgage’s reputation are its standout leaders:

  • Joni Kepler, SVP/Branch Manager, brings decades of high-level experience to the table. Her leadership has helped define the company’s client-focused culture.
  • Jason Speirs, VP/Mortgage Loan Originator, is recognized for his integrity, clarity, and tireless work ethic. His dedication to educating clients and guiding them through the lending process has earned him a loyal client base.
  • Sean Finch, VP/Mortgage Loan Originator, is known for his enthusiasm, responsiveness, and commitment to achieving the best results for his clients.

These three professionals aren’t just part of the InterWest team—they are the three top-producing mortgage lenders in Bonneville County. It’s no coincidence that the top three lenders in Bonneville County are all in one place.

2. Seamless In-House Operations

One major differentiator for InterWest Mortgage is that they cover all significant steps of the mortgage process. These include processing, underwriting, closing, and funding the loan, which are handled in-house. This full-service model provides:

  • Faster loan approvals
  • Greater transparency
  • Better communication with clients
  • Fewer bottlenecks and errors

In today’s fast-moving real estate market, having everything under one roof can make the difference between securing your dream home and missing out. Clients who work with InterWest benefit from an efficient, controlled process that keeps them informed every step of the way.

3. A Commitment to Personalized Service

Customer satisfaction is at the core of InterWest Mortgage’s philosophy. The entire team is trained and empowered to provide personalized, responsive service from the first consultation through closing and beyond. Their 392+ reviews from satisfied clients reflect a consistent pattern:

  • Clear communication
  • Timely responses
  • Expert guidance
  • A genuine sense of care and connection

InterWest understands that buying or refinancing a home is one of the most important financial decisions a person will make. That’s why they take the time to understand each client’s unique needs, goals, and economic situation before recommending the best solution.

4. Deep Community Roots in Idaho Falls and Beyond

Founded in 1986, InterWest Mortgage has been a trusted fixture in the Idaho Falls community for nearly four decades. Over the years, they’ve helped thousands of families in Bonneville County and surrounding areas purchase homes, refinance their mortgages, and improve their financial well-being.

Their presence goes beyond business—they’re active participants in local events, sponsors of community initiatives, and supporters of various Idaho charities and causes. This community investment has paid dividends in the form of lasting relationships and loyal clients who consistently return to InterWest for their lending needs.

Why InterWest Mortgage Continues to Stand Out in 2025

InterWest Mortgage continues to lead Idaho’s mortgage industry because they combine big-bank capability with small-town service. Here’s what continues to set them apart:

  • Expertise: Their leadership team has over 75 years of combined experience, allowing them to handle even the most complex loan scenarios with confidence and precision.
  • Efficiency: In-house processing means faster closings and fewer surprises.
  • Transparency: Clients know what to expect and are guided every step of the way.
  • Customization: No two mortgages are alike, and InterWest tailors every loan to the client’s unique goals.
  • Local Knowledge: As Idaho natives and long-time residents, their team has a deep understanding of the regional real estate market.
  • Reputation: An A+ BBB rating and hundreds of five-star reviews are powerful testaments to the trust they’ve earned.

Looking Ahead: A Legacy of Excellence

As Idaho continues to grow, so does the demand for reputable, client-centered mortgage lenders. InterWest Mortgage is well-positioned to meet that need. Their continued recognition in statewide and regional contests, such as Idaho’s Best and Best of Greater Idaho Falls, is evidence that their commitment to excellence is not only recognized but also deeply valued by the communities they serve.

By remaining focused on what matters—integrity, service, and community—InterWest Mortgage sets the standard for what mortgage lending should look like in Idaho. Are you looking for a reliable mortgage lender in Idaho Falls, Eastern Idaho, or anywhere in the state? Look no further than InterWest Mortgage—where Idaho’s top loan officers come together to deliver an unmatched lending experience. Reach out today and discover why so many Idahoans trust InterWest with one of life’s most significant financial decisions. Call us today at 208-525-8778.

Why InterWest Mortgage Is Rigby, Idaho’s #1 Choice for Home Loans

by

If you’re searching for the best mortgage broker in Rigby, Idaho, look no further than InterWest Mortgage. With over 40 years of experience, a 5-star customer satisfaction rating, and a deep commitment to the local community, InterWest Mortgage is the premier choice for homebuyers and homeowners alike.​

Trusted Local Experts Since 1983

Established in 1983, InterWest Mortgage has served the Rigby community and surrounding areas for decades. Our team of seasoned professionals, including Joni Kepler, Jason Speirs, and Sean Finch, brings unparalleled expertise. With in-house processing, underwriting, closing, and funding, we ensure a seamless and efficient mortgage experience for every client. 

Comprehensive Mortgage Solutions

InterWest Mortgage offers a wide array of loan options to cater to diverse financial needs:​

  • Conventional Loans: Ideal for borrowers with strong credit and stable income.​
  • FHA Loans: Perfect for first-time homebuyers seeking lower down payments.​
  • VA Loans: Exclusive benefits for veterans and active-duty military personnel.​
  • Rural Development Loans: Designed for those looking to settle in rural areas, offering 0% down payment options.​
  • Idaho Housing & Finance Loans: Providing down payment and closing cost assistance for eligible buyers. ​

Our personalized approach ensures that each client finds the loan that fits their financial situation and homeownership goals.​

Unmatched Customer Satisfaction

InterWest Mortgage prides itself on delivering exceptional customer service. With a 5.0 rating based on over 386 reviews, clients consistently praise the team’s professionalism, responsiveness, and dedication. 

One satisfied client shared, “Joni and the team at InterWest are the best in the biz!! With all the anxieties of being a first-time homebuyer, we put everything at ease.

Local Knowledge and Community Commitment

Being deeply rooted in the Rigby community, InterWest Mortgage understands the unique needs of local residents. Our familiarity with the area’s housing market and strong relationships with local real estate agents ensure that clients receive insights and guidance tailored to the Rigby region.​

Streamlined and Efficient Process

InterWest Mortgage offers a streamlined mortgage process with all operations under one roof. This integrated approach minimizes delays and keeps clients informed every step of the way. 

Why Choose InterWest Mortgage?

  • Experience: Over four decades of mortgage lending expertise.​
  • Comprehensive Services: A wide range of loan options to suit various needs.​
  • Customer-Centric Approach: A commitment to making the mortgage process smooth and stress-free.​
  • Local Expertise: In-depth knowledge of the Rigby housing market.
  • Efficient Processing: In-house operations ensure timely closings.​

Ready to Take the Next Step?

Whether you’re a first-time homebuyer, looking to refinance, or exploring your mortgage options, InterWest Mortgage is here to help. Our team is dedicated to guiding you through every stage of the mortgage process with professionalism and care. Contact InterWest Mortgage today at (208) 525-8778 or click here to learn more about the different types of loans we offer to help you start your journey toward homeownership in Rigby, Idaho.​

Is It Better to Buy a Home or Rent?

by

Buying or renting a home is one of the most significant financial decisions you will make. It’s not just about money—it affects your lifestyle, flexibility, and long-term financial goals. While research suggests that buying is cheaper than renting in many cities, weighing all factors before making a decision is essential. Let’s break down the pros and cons of homeownership and renting to help you make the best choice.

The Pros of Homeownership

1. Predictability and Stability

Owning a home with a fixed-rate mortgage ensures that your monthly payments remain consistent throughout your loan’s term. This predictability helps you budget effectively for other financial goals, like retirement or your child’s education.

2. Building Equity and Wealth

When you pay a mortgage, you’re investing in your future. Each payment increases your equity, meaning you own more of your home. Over time, property values tend to rise, providing you with long-term financial gains.

3. Personalization and Customization

Homeowners have the freedom to modify their space however they see fit. Whether upgrading your kitchen, adding a garden, or painting your walls, your home truly becomes your own.

4. Tax Benefits

Owning a home can provide tax deductions on mortgage interest and property taxes, saving you thousands of dollars annually.

5. Sense of Community

Buying a home often means staying in one place longer, helping you build relationships with neighbors and become part of a community.

The Cons of Homeownership

1. High Upfront Costs

Home purchasing requires a down payment, closing costs, property taxes, and homeowners’ insurance. These expenses can make buying a home more challenging for some individuals.

2. Long-Term Commitment

Unlike renting, where you can move at the end of your lease, selling a home takes time and effort. If you need to relocate for work or personal reasons, breaking a lease might not be as easy.

3. Maintenance and Repairs

Homeowners are responsible for all maintenance and repairs, which can be costly and time-consuming. From fixing leaks to replacing roofs, these expenses add up over time.

4. Market Fluctuations

While home values generally rise over time, there’s no guarantee. If the housing market crashes, you could have a home worth less than you paid.

The Pros of Renting

1. Flexibility and Mobility

Renting allows for greater mobility. If your job requires frequent relocation or you’re unsure about settling in one area long-term, renting provides flexibility.

2. Lower Upfront Costs

Renting usually requires only a security deposit and the first month’s rent, making it a more affordable option upfront compared to buying.

3. No Maintenance Responsibilities

One of the biggest perks of renting is that the landlord handles maintenance and repairs. If something breaks, you don’t have to worry about the cost or hassle of fixing it.

4. No Property Taxes

As a renter, you don’t have to worry about fluctuating property taxes, which can be a significant expense for homeowners.

The Cons of Renting

1. No Equity or Investment Returns

Renting doesn’t build wealth. Every monthly payment benefits your landlord instead of increasing your personal net worth.

2. Unpredictable Rent Increases

Unlike a fixed mortgage, rental prices can increase yearly. If rent costs rise significantly, staying in your current home might become unaffordable.

3. Limited Personalization

Most landlords don’t allow significant modifications. You might be unable to paint walls, change fixtures, or personalize your space as much as you’d like.

4. Potential for Eviction or Lease Non-Renewal

A landlord can decide not to renew your lease, forcing you to find a new place unexpectedly.

Key Factors to Consider When Deciding

1. Your Financial Situation

Buying might be a better option if you have sufficient savings for a down payment and want to build equity. Renting could be the way to go if you need flexibility or don’t want maintenance responsibilities.

2. Your Long-Term Goals

Do you see yourself settling down in one place for many years, or do you value the ability to move easily? Answering these questions can guide your decision.

3. Market Conditions

Housing market trends vary by location. In some cities, buying may be more cost-effective, while renting might be the more innovative financial move in others.

FAQs

1. Is buying always cheaper than renting?

Not necessarily. While mortgage payments may be lower than rent in some areas, upfront costs, maintenance, and property taxes can add up.

2. How much should I save before buying a home?

Ideally, you should have a down payment of at least 10-20% of the home’s price, plus additional savings for closing costs and emergencies.

3. What are the most significant risks of renting?

Rent increases, lease termination, and lack of control over your living space are common risks renters face.

4. Can I buy a home with bad credit?

Yes, but it may be more challenging. You might need a larger down payment or higher interest rates. Some loan programs cater to buyers with lower credit scores.

5. When is the best time to buy a home?

Market conditions fluctuate, but generally, the best time to buy is when interest rates are low and you’re financially prepared.

Conclusion

Choosing between renting and buying depends on your lifestyle, financial situation, and future goals. Homeownership might be the right fit if stability, investment potential, and creative freedom appeal to you. On the other hand, renting could be the best option if flexibility, lower upfront costs, and minimal responsibilities align better with your needs. Consider all factors carefully to make a decision that works for you.

If you’re unsure whether buying a home or renting is the best option, consider contacting InterWest Mortgage for guidance. We have the experience and knowledge to help you decide which path is best for you. As mentioned, there are many factors to consider, and we can help you make the best decision based on your current and future goals.

 

Make Your Tax Refund Work for You When Buying a Home

by

Still renting? No problem. Your tax refund can be a powerful tool to help you become a homeowner.

A tax refund can boost your down payment savings, reducing the amount you need to borrow. A larger down payment may eliminate the need for private mortgage insurance (PMI), lowering your monthly expenses.

You can also use your refund to cover closing costs, which include appraisals, inspections, title insurance, and lender fees. Applying your refund toward these expenses can make buying or refinancing a home more affordable.

Homeownership comes with valuable tax benefits, such as deductions that lower your taxable income and could increase future refunds. Use your tax refund wisely today and enjoy financial rewards for years to come. Continue reading to see the tax benefits you can receive from home ownership.

Additional Tax Perks of Homeownership: How Owning a Home Saves You Money at Tax Time

Homeownership has long been considered a cornerstone of financial stability and wealth accumulation. Beyond the intrinsic value of owning a home, substantial tax benefits make homeownership particularly advantageous during tax season. This report delves into the various tax incentives available to homeowners and prospective buyers, highlighting the opportunities that make tax time especially rewarding for this group.

1. Mortgage Interest Deduction

One of the most significant tax benefits for homeowners is the Mortgage Interest Deduction (MID). This provision allows homeowners to deduct interest paid on their mortgage from their taxable income, reducing their overall tax liability.

  • Eligibility Criteria: To qualify, the taxpayer’s primary or secondary residence must secure the mortgage. According to the latest tax regulations, interest on mortgage debt up to $750,000 is deductible for loans taken out after December 15, 2017. For loans taken out before this date, the limit is $1 million.
    en.wikipedia.org
  • Impact on Taxpayers: By reducing taxable income, the MID can result in substantial tax savings, making homeownership more affordable.

2. Property Tax Deduction

Homeowners can also deduct state and local property taxes from their federal taxable income. This deduction is part of the broader State and Local Tax (SALT) deduction.

  • Deduction Limits: The SALT deduction is capped at $10,000 annually for both single filers and married couples filing jointly. This includes property taxes as well as state and local income or sales taxes.
  • Strategic Considerations: Homeowners in states with high property taxes should consider this cap when planning their finances.

3. Mortgage Credit Certificate (MCC) Program

The Mortgage Credit Certificate (MCC) program offers first-time homebuyers a direct tax credit, effectively reducing their federal tax liability.

  • How It Works: An MCC allows eligible homeowners to claim a tax credit for a portion of the annual mortgage interest. This credit is a dollar-for-dollar reduction in tax liability instead of a deduction, which reduces taxable income.
  • Eligibility and Benefits: The MCC program is typically geared towards first-time homebuyers who meet certain income and purchase price restrictions. The exact credit amount varies, but it can be a significant financial advantage over the life of the loan.

4. Capital Gains Exclusion on Home Sales

Homeowners who sell their primary residence may exclude a substantial portion of the capital gains from their taxable income.

  • Exclusion Limits: Individuals can exclude up to $250,000 of capital gains, while married couples filing jointly can exclude up to $500,000.
  • Qualification Criteria: To qualify, the homeowner must have owned and used the property as their primary residence for at least two of the five years preceding the sale.

5. Points Deduction

Borrowers often pay “points” to reduce their interest rate when obtaining a mortgage. These points are considered prepaid interest and are generally deductible.

  • Deduction in the Year Paid: Points paid on a mortgage for a primary residence are typically fully deductible in the year they are paid, provided certain conditions are met.
  • Amortized Deduction: If the points do not meet the conditions for a full deduction in the first year, they may be deducted over the life of the loan.

6. Home Office Deduction

Home office deduction can provide tax relief for homeowners who use a portion of their home exclusively and regularly for business purposes.

  • Simplified Option: The IRS offers a simplified method, allowing a deduction of $5 per square foot of the home used for business, up to 300 square feet.
  • Regular Method: Alternatively, homeowners can calculate actual expenses, including a portion of mortgage interest, utilities, and repairs, based on the percentage of the home used for business.

7. Energy Efficiency Tax Credits

Homeowners who invest in energy-efficient improvements may qualify for federal tax credits.

  • Residential Energy Efficient Property Credit: This credit applies to renewable energy installations like solar panels and wind turbines.
  • Nonbusiness Energy Property Credit: For specific energy-efficient improvements such as windows, doors, and insulation, homeowners can receive a credit for a percentage of the cost.

8. Tax Benefits for First-Time Homebuyers

First-time homebuyers often have access to additional tax incentives to make purchasing a home more attainable.

  • State and Local Programs: Many states offer programs that provide tax credits or deductions for first-time homebuyers. For example, some states offer deductions for first-time homebuyer savings account contributions.
  • Federal Assistance: While federal tax credits for first-time homebuyers have expired recently, programs like the MCC provide substantial benefits.

9. Impact of Tax Benefits on Homeownership Rates

Tax incentives have historically promoted homeownership by reducing the overall cost of owning a home. However, the effectiveness and distribution of these benefits have been the subject of policy debate.

  • Economic Perspectives: Some economists argue that while tax deductions like the MID make homeownership more attractive, they may also contribute to higher home prices, particularly in high-income areas.
  • Policy Considerations: Discussions continue regarding the balance between encouraging homeownership and ensuring equitable distribution of tax benefits across different income groups.

10. Strategic Tax Planning for Homebuyers

Prospective homebuyers can maximize their tax benefits by engaging in strategic planning before and after purchasing a home. Please click here if you’re ready to speak with one of our loan experts today.

Freddie Mac and Fannie Mae: Their Impact on the Mortgage Market

by

Introduction

Freddie Mac and Fannie Mae are key players in the U.S. mortgage market. These government-sponsored enterprises (GSEs) significantly influence home financing, interest rates, and loan accessibility. Their policies and performance directly impact homebuyers, lenders, and investors. Understanding their role is essential, especially given their recent presence in the news.

Why Are Freddie Mac and Fannie Mae in the News?

Freddie Mac and Fannie Mae frequently make headlines due to regulatory changes, economic shifts, and housing market trends. Some key reasons include:

  • Rising Interest Rates: The Federal Reserve’s monetary policy directly affects mortgage rates, influencing affordability.
  • Housing Market Fluctuations: Changes in home prices and loan demand impact their operations.
  • Government Oversight: Proposals to privatize or further regulate these GSEs spark discussions about their future.
  • Affordable Housing Initiatives: New programs aim to assist low-income buyers in securing home loans.
  • Foreclosure Trends: Economic downturns can lead to an increase in foreclosures, affecting both GSEs and borrowers.

How Do They Affect the Mortgage Market?

Freddie Mac and Fannie Mae do not directly issue loans. Instead, they buy mortgages from lenders, providing liquidity to the housing market. Their influence can be seen in several ways:

1. Mortgage Rates and Loan Availability

By purchasing mortgages, they enable lenders to offer competitive rates. When these GSEs tighten or loosen their standards, loan accessibility fluctuates. Higher lending activity generally means better loan options for consumers.

2. Home Affordability

Programs backed by Freddie Mac and Fannie Mae help first-time buyers secure loans with lower down payments. Their initiatives shape market trends and borrower opportunities. Additionally, they work to expand homeownership opportunities in underserved communities.

3. Risk Management in the Housing Sector

By bundling loans into securities, they distribute risk among investors. This stabilizes the housing finance system, preventing economic downturns. However, government intervention may be required to support these entities during financial crises.

Challenges Facing New Home Buyers

Buying a home in today’s market presents hurdles. Key challenges include:

  • Higher Interest Rates: Increased borrowing costs reduce affordability.
  • Strict Lending Requirements: Borrowers need strong credit scores and financial stability.
  • Low Housing Inventory: Limited availability drives prices higher, making entry more difficult.
  • Competition: Cash buyers and investors make securing homes harder for traditional buyers.
  • Student Loan Debt: Many first-time buyers struggle with debt, impacting mortgage approval chances.

Opportunities for Home Buyers

Despite challenges, there are positive trends for prospective buyers:

  • Government-Backed Loans: Freddie Mac and Fannie Mae offer programs with lower down payments and flexible credit requirements.
  • Market Stabilization: As inflation slows, mortgage rates may stabilize or decrease, making homeownership more feasible.
  • New Housing Developments: Increased construction could alleviate supply shortages, providing more affordable options.
  • Financial Assistance Programs: Grants and tax credits help first-time buyers manage costs, making homeownership more accessible.
  • Credit Score Improvement Initiatives: Programs are available to help buyers improve their creditworthiness before applying for a mortgage.

Future Outlook for the Mortgage Market

The future of Freddie Mac and Fannie Mae remains a topic of debate. Policymakers continue to discuss reforms that could impact their structure and influence. Some potential future developments include:

  • Privatization Efforts: Some legislators advocate for transitioning these GSEs into fully private entities.
  • Expanded Affordable Housing Programs: Efforts to increase loan accessibility for low- and middle-income buyers are gaining traction.
  • Technological Innovations: Digital mortgage processing and AI-driven underwriting could streamline home buying and lending.

Conclusion

Freddie Mac and Fannie Mae remain crucial to the U.S. mortgage market. Their policies shape home affordability, loan availability, and housing stability. While challenges persist, opportunities exist for new buyers willing to navigate the evolving landscape. Staying informed about these GSEs helps buyers make strategic decisions in their homeownership journey. As economic conditions change, Freddie Mac and Fannie Mae will continue to adapt, ensuring stability and accessibility in the housing market.

Homeowners Insurance: Navigating Challenges and Solutions Amid Natural Disasters

by

Introduction to Homeowners Insurance

Homeowners insurance is a critical safeguard, protecting individuals from financial losses due to damage or destruction of their homes and personal belongings. However, the increasing frequency and severity of natural disasters have significantly impacted the homeowners’ insurance landscape, leading to rising premiums, policy cancellations, and challenges in obtaining adequate coverage. This report delves into the current state of homeowners insurance, examines the key challenges of natural disasters, and offers actionable recommendations for homeowners facing policy cancellations.

The Current Landscape of Homeowners Insurance

The homeowners’ insurance market has experienced notable shifts in recent years. Between 2014 and 2024, the industry saw a compound annual growth rate (CAGR) of 2.3%, reaching an estimated $144.0 billion in 2024. Major players in the market include State Farm, Allstate, Liberty Mutual, USAA, and Farmers. Despite this growth, the industry faces significant challenges due to the escalating impact of natural disasters.

Impact of Natural Disasters on Homeowners Insurance

Natural disasters such as wildfires, hurricanes, floods, and severe storms have become more frequent and intense, leading to substantial insured losses. In the first half of 2024 alone, insured losses exceeded $60 billion, primarily due to catastrophes like thunderstorms, floods, and fires. This surge in claims has prompted insurers to reassess their risk exposure, resulting in increased premiums and, in some cases, the withdrawal of coverage from high-risk areas.

Rising Premiums and Policy Cancellations

The financial strain from natural disasters has led to a significant uptick in homeowners insurance premiums. Between 2020 and 2023, average premiums increased by more than 30%, with some states experiencing even steeper hikes. For instance, in California, the rising cost of insured losses from natural disasters has pushed the price and limited the availability of homeowners insurance. Similarly, several insurers have stopped selling policies in Florida due to extreme weather events and natural disasters.

In response to these challenges, some insurers have opted to cancel or not renew policies in high-risk areas. In 2019, insurers declined to renew 235,000 home insurance policies in California, marking a 31% increase in the statewide non-renewal rate from the previous year. This trend has left many homeowners scrambling to find alternative coverage options.

Challenges in High-Risk Areas

Homeowners in regions prone to natural disasters face unique challenges. In states like California and Florida, stringent regulations and increased catastrophe-related expenses have led insurers to limit or cease offering new policies. This reduction in coverage availability forces many homeowners to rely on state-run insurance pools, which may not provide comprehensive protection.

Recommendations for Homeowners Facing Policy Cancellations

For homeowners who have had their insurance policies canceled or non-renewed, proactive steps can help secure alternative coverage:

    1. Explore State-Run Insurance Programs: Many states offer Fair Access to Insurance Requirements (FAIR) Plans, which provide basic coverage for high-risk properties. While these plans may come with higher premiums and limited coverage, they serve as a safety net for those unable to obtain insurance through the private market.
    2. Mitigate Property Risks: Implementing measures to reduce the risk of damage can make a property more insurable. This includes installing storm shutters, reinforcing roofs, creating defensible space around the home, and using fire-resistant building materials. Committing to risk mitigation can make a property more attractive to insurers.
    3. Shop Around: Different insurers assess risk differently. Homeowners should obtain quotes from multiple insurance companies, including surplus lines insurers specializing in high-risk properties. Working with an experienced insurance agent can help identify available options.
    4. Consider Policy Adjustments: Adjusting policy terms, such as increasing deductibles or opting for actual cash value coverage instead of replacement cost, can make premiums more affordable. However, it’s essential to understand the trade-offs involved in these decisions.
    5. Stay Informed About Legislative Changes: Insurance regulations and programs can change in response to evolving market conditions. Homeowners should stay informed about state and federal initiatives that may impact their insurance options.

Conclusion of Homeowners Insurance

The intersection of homeowners insurance and natural disasters presents a complex and evolving challenge. As the frequency and severity of natural disasters increase, homeowners must navigate a shifting insurance landscape characterized by rising premiums and reduced coverage availability. Homeowners can better protect their properties and financial well-being by understanding the current market dynamics and implementing proactive strategies.

FAQs

    1. Why are homeowners insurance premiums increasing?

      Premiums are rising due to the frequency and severity of natural disasters, leading to higher claims payouts by insurers. This trend has been observed nationwide, with some states experiencing drastic increases.

    2. What should I do if my homeowner’s insurance policy is canceled? If your policy is canceled, explore state-run insurance programs like FAIR Plans, implement risk mitigation measures on your property, shop around for alternative coverage, consider adjusting policy terms, and stay informed about legislative changes that may affect your options.

    3. Does standard homeowners insurance cover all-natural disasters? Standard homeowners insurance policies typically do not cover natural disasters like floods, earthquakes, or landslides. Separate policies or endorsements are often required for these perils.

    4. How can I reduce the risk of my homeowner’s insurance policy being canceled?To reduce the risk of cancellation, maintain your property to mitigate potential hazards, stay current with premium payments, and communicate regularly with your insurer about any changes that may affect your coverage.

    5. What role do state-run insurance programs play in providing coverage? State-run insurance programs, such as FAIR Plans, offer essential coverage for properties that are considered high-risk and cannot obtain insurance through the private market. While these programs provide a safety net, they may come with higher premiums and limited coverage options.

How to Navigate High Mortgage Rates in 2025

by

The housing market in 2025 is facing a unique challenge: high mortgage rates impacting affordability for potential homeowners and increasing costs for those already locked into home loans. While these rates might seem daunting, navigating them effectively is possible with the right strategies. In this guide, we’ll break down practical steps you can take to manage high mortgage rates and make informed financial decisions.

Understanding High Mortgage Rates in 2025

Why Are Mortgage Rates High?

Mortgage rates are influenced by factors like the Federal Reserve’s policies, inflation trends, and the overall state of the economy. In 2025, rates remain elevated due to efforts to combat inflation and stabilize the economy after years of volatility.

How High Rates Impact Homeowners

  • Increased Monthly Payments: Higher interest rates mean larger monthly payments for new mortgages or variable-rate loans.
  • Refinancing Challenges: Those looking to refinance may face higher costs, making it harder to secure better terms.
  • Home Affordability: Prospective buyers might struggle with qualifying for loans, reducing demand in the housing market.

Practical Strategies to Navigate High Mortgage Rates

1. Reassess Your Financial Situation

Start by analyzing your current budget and financial goals:

  • Evaluate Monthly Spending: Identify areas where you can cut costs to allocate more toward mortgage payments.
  • Build an Emergency Fund: This safety net ensures you’re prepared for unexpected expenses, reducing financial stress.

2. Explore Refinancing Options

Even with high rates, refinancing could still be beneficial under certain circumstances:

  • Switch to a Fixed-Rate Mortgage: Locking in a fixed rate can provide stability if you’re on an adjustable-rate mortgage (ARM).
  • Cash-Out Refinancing: This option could help consolidate higher-interest debt if you have significant home equity.

Tip: Compare offers from multiple lenders and consider working with a mortgage broker to find the best rates and terms.

3. Consider Government Programs

In 2025, several programs are designed to help homeowners and buyers cope with high mortgage rates:

  • Federal Housing Administration (FHA) Loans: These loans often have lower interest rates and down payment requirements.
  • VA Loans: Veterans and active-duty service members may qualify for competitive rates through VA-backed loans.
  • State and Local Assistance: Research programs in your area that provide grants or low-interest loans for first-time buyers.

4. Negotiate with Your Lender

Communication with your lender is key during periods of financial strain:

  • Request a Rate Review: Some lenders may be open to adjusting terms, especially if you’ve been a reliable borrower.
  • Ask About Forbearance Options: Temporary forbearance can provide relief if you cannot meet your mortgage obligations.

5. Rethink Homeownership Goals

If you’re considering buying a home in 2025, you might need to adjust your strategy:

  • Opt for a Smaller Home: A smaller property can reduce your mortgage needs and make it easier to afford high rates.
  • Expand Your Search Area: Look in regions with lower home prices and less competitive markets.
  • Wait for Better Conditions: Delaying your purchase until rates stabilize could be a wiser financial move.

How to Reduce the Impact of High Rates

1. Increase Your Down Payment

A larger down payment reduces the loan amount, which can lead to significant savings over the life of the mortgage. Aim for at least 20% to avoid private mortgage insurance (PMI).

2. Improve Your Credit Score

Borrowers with higher credit scores often qualify for better rates. Steps to enhance your credit include:

  • Paying off existing debts.
  • Ensuring timely bill payments.
  • Avoiding new credit inquiries before applying for a mortgage.

3. Lock in Your Rate

If you’ve found a favorable rate, consider locking it in with your lender to protect yourself from future increases.

The Role of Professional Guidance

Navigating high mortgage rates can be complex, so don’t hesitate to seek expert advice:

  • Mortgage Brokers: They can connect you with lenders offering competitive rates. Call InterWest Mortgage to discuss ways they can help you vs. other mortgage brokers.
  • Financial Advisors: Advisors can help you build a long-term plan to manage your mortgage alongside other financial goals.

Looking Ahead: Will Mortgage Rates Drop?

While predicting the future of mortgage rates is challenging, economists anticipate gradual reductions as inflation stabilizes and the economy strengthens. Staying informed about market trends will help you make proactive decisions.

Conclusion

High mortgage rates in 2025 may seem intimidating, but they don’t have to derail your financial goals. You can navigate these challenges effectively by reassessing your budget, exploring refinancing options, leveraging government programs, and seeking expert guidance. Remember, the key is to stay informed and flexible in your approach. Here at InterWest Mortgage, we’ve been able to help many clients navigate these challenges and get them into a home. Call us to learn how we can help you.

The Top Idaho Home-Buying Trends for 2025

by

The Idaho real estate market has been steadily evolving, making it one of the most dynamic in the U.S. As we look toward 2025, buyers focus on specific trends shaping how homes are purchased and sold in the Gem State. Whether you’re a first-time homebuyer or an experienced investor, staying informed about these trends is critical to making the best decisions. Let’s dive into the top 5 home buying trends for Idaho.

Rise of Sustainable and Energy-Efficient Homes in Idaho

With growing environmental awareness, Idaho homebuyers are prioritizing sustainable living. Energy-efficient homes featuring solar panels, smart thermostats, and advanced insulation are becoming a top choice.

Key Factors Driving This Trend

  • Environmental Consciousness: More buyers are considering homes that reduce their carbon footprint.
  • Energy Savings: Energy-efficient features can cut utility bills by up to 30%, a major selling point.
  • Tax Incentives: State and federal tax credits for sustainable upgrades make these homes attractive.

What Buyers Are Searching For in Idaho

Keywords like “energy-efficient homes in Idaho,” “green homes for sale,” and “Idaho sustainable living” are trending. Realtors are highlighting eco-friendly features in listings to meet demand.

Preference for Suburban and Rural Areas in Idaho

Post-pandemic shifts have left many buyers looking for more space. Suburban and rural Idaho areas are experiencing increased demand as buyers seek tranquility and larger properties.

Popular Idaho Locations Include

Idaho Falls, Idaho

  • Idaho Falls is one of Eastern Idaho’s largest and most dynamic cities, offering a perfect balance of urban convenience and outdoor beauty. Homebuyers in 2025 are searching for “affordable homes in Idaho Falls” and “best neighborhoods near the Snake River.” With its strong job market, excellent schools, and recreational opportunities along the Greenbelt, Idaho Falls attracts families, professionals, and retirees looking for a vibrant community with modern amenities.

Ammon, Idaho

  • Ammon is a growing city known for its family-friendly atmosphere and proximity to Idaho Falls. Homebuyers in 2025 are drawn to Ammon for its excellent schools, affordable housing options, and access to retail and dining amenities. With its mix of new developments and established neighborhoods, Ammon is ideal for those searching for “affordable homes in Eastern Idaho” or “family-friendly neighborhoods near Idaho Falls.”

Blackfoot, Idaho

  • Blackfoot, also known as the “Potato Capital of the World,” offers small-town charm with modern conveniences. Homebuyers are searching for “affordable homes with acreage in Blackfoot,” as the area boasts spacious properties and easy access to outdoor activities like fishing and hiking. Its close-knit community and affordability make it an appealing option for first-time buyers.

Shelley, Idaho

  • Shelley is a quiet, rural town perfect for those seeking a slower pace of life. Known for its annual Spud Day celebrations, buyers are looking for “homes near farmland in Shelley.” The area offers affordable housing, making it attractive to families and retirees who want proximity to Idaho Falls without the higher prices.

Pocatello, Idaho

  • As a bustling hub in southeastern Idaho, Pocatello combines urban amenities with small-town charm. Search terms like “best neighborhoods in Pocatello” and “homes near Idaho State University” highlight its appeal. Pocatello attracts professionals, students, and families with its variety of housing options, recreational opportunities, and a growing job market.

Rigby, Idaho

  • Known as the “Birthplace of Television,” Rigby is a quaint town with a rich history. Buyers searching for “family-friendly homes near Rigby schools” or “quiet neighborhoods near Idaho Falls” often choose this area. Its mix of older homes and new developments makes it a versatile option for a range of budgets and lifestyles.
  •  

Rexburg, Idaho

  • Home to Brigham Young University-Idaho, Rexburg is vibrant and youthful. Search terms like “homes near BYU-Idaho” and “new construction in Rexburg” are popular among students, families, and investors. The city offers a tight-knit community and a variety of housing options, from affordable apartments to modern single-family homes.

Driggs, Idaho

  • Nestled in the Teton Valley, Driggs is a haven for outdoor enthusiasts and those seeking scenic beauty. Search terms like “homes with mountain views in Driggs” and “ski town real estate in Idaho” highlight its appeal. With access to skiing, hiking, and fishing, Driggs is perfect for adventure-loving homebuyers.

Island Park, Idaho

  • Island Park is a sought-after destination for vacation homes and outdoor recreation. Buyers searching for “cabins near Yellowstone” or “homes with lake views in Island Park” will find plenty of options. Its stunning landscapes and proximity to Yellowstone National Park make it ideal for second-home buyers and retirees.

Victor, Idaho

  • Victor is another gem in the Teton Valley, popular among commuters to Jackson Hole, Wyoming. Search terms like “homes near Jackson Hole” and “Teton Valley real estate” underscore its desirability. With its charming downtown, stunning vistas, and growing community, Victor is a favorite for families and professionals alike.

Why Buyers Are Moving to Idaho

  • Remote Work: Flexible work environments are enabling buyers to prioritize lifestyle over commute times.
  •  
  • Affordability: Many suburban and rural areas offer more affordable housing than urban centers. Affordable homes in desirable locations are still a priority. Common search terms include “first-time homebuyer programs in Idaho,” “affordable housing near Idaho Falls,” and “best areas for new homeowners.”

  • Common Searches: include “homes with acreage in Idaho,” “quiet neighborhoods near Idaho Falls,” and “best rural towns in Idaho for families.” Other searches like “homes with outdoor kitchens in Idaho,” “houses for sale with large decks,” and “Idaho Falls homes with gardens” are frequently searched.

Increased Demand for Smart Homes in Idaho

Technology integration is no longer a luxury; it’s a necessity. Idaho homebuyers are actively looking for smart homes that enhance convenience and security.

Popular Features

  • Smart Security Systems: Cameras, alarms, and remote access to ensure safety.
  •  
  • Automated Lighting and Appliances: Homes that integrate with devices like Alexa or Google Assistant are highly sought after.
  •  
  • Energy Monitoring: Systems that track and optimize energy usage are a bonus.

Why It Matters

Convenience and safety are driving this trend, especially among tech-savvy millennials and Gen Z buyers. “Idaho smart homes for sale” and “homes with smart technology in Idaho Falls” are among the hot keywords.

Emphasis on Outdoor Living Spaces in Idaho

Idaho’s stunning natural beauty is a huge draw for homebuyers, and properties with outdoor amenities are in high demand.

Key Features Buyers Want

  • Outdoor Kitchens: Perfect for entertaining and maximizing use of outdoor spaces.
  •  
  • Fire Pits and Decks: Enhancing year-round usability of outdoor areas.
  •  
  • Gardens and Landscaping: Buyers are willing to pay more for well-designed outdoor spaces. 

Affordability and Incentives for First-Time Buyers

The rising cost of living hasn’t dampened the hopes of first-time homebuyers. Programs and incentives aimed at this demographic are shaping the Idaho real estate landscape.

Key Idaho Programs

 

  • Idaho Housing and Finance Association (IHFA): Offers down payment assistance and favorable mortgage rates.
  • First-Time Buyer Tax Credits: Federal and state programs are making it easier to afford a home.

What Buyers Are Looking For in Idaho

Choose the Right Mortgage Broker When Selecting Your Idaho Home

Idaho’s home-buying trends for 2025 reflect a mix of innovation, practicality, and lifestyle choices. From sustainable living and smart home technologies to the allure of outdoor spaces and rural retreats, the market is adapting to meet buyer demands. Whether you’re planning to invest or relocate, staying ahead of these trends ensures you’ll make a well-informed decision.

When finding the perfect home in Idaho make sure you’re in good hands with the right mortgage company. It’s not just about securing a loan with a low interest rate but also exploring different mortgage types, comparing lender rates and fees, leveraging the expertise of an expert mortgage broker, and considering options like pre-approval and refinancing. With InterWest Mortgage, you’re not just partnering with one of the best mortgage companies in Idaho tailored to your financial goals—you’re choosing a company dedicated to helping you plan and secure your financial future for years to come. Contact InterWest Mortgage now to get started!

About InterWest Mortgage

InterWest Mortgage has been one of Idaho Falls and Bonneville Counties top lenders since 1986. Our unmatched experience, “in-house” operations and impeccable customer service is why we’re consistently recognized as a top lender.

Eagle Bank & Trust Company (NMLS# 410317) is doing business as InterWest Mortgage.
Copyright 2025 InterWest Mortgage | All Rights Reserved.
Apply Online

Contact Info

InterWest Mortgage
1275 E. 17th Street
Idaho Falls, ID 83404
(208) 525-8778
(208) 525-8786
Contact Us

Information About Surrounding Areas

(208) 525-8778
Apply Online