Do you have questions about getting a home mortgage? Capital Mortgage Boise has helped hundreds of people in the Boise area achieve their dreams of owning a home. Below are a few of the common questions that we get asked about getting a home loan, with brief answers. Please contact us for a more thorough explanation tailored to your specific situation!

I have a “ZERO” credit score, can I still get a home loan?
Yes, if you have never established credit or have a zero credit score, you can still qualify for a loan.  You just need to show “non traditional credit” like rent payments, cable TV (or dish etc), utility payments, car insurance payments etc.  

Can I get a 100% Mortgage?  
Yes, there are a couple of loans that offer 100% financing.  Rural Development, and VA.  There is also a down payment assistance program to where you can get a second mortgage to use as your down payment giving you 100% financing.

Can I buy a home with no money down?  
Yes.  If the seller is willing to pay your closing costs.  

Can I get a home loan with bad credit?  
Yes, as long as you have money for the down payment, you can get some type of loan.  A down payment requirement can be as much as 30 to 50% or as little as 3.5% to 10%.  Just depends on how bad your credit is.

What do I need to get approved for a home loan?  
It’s simple! Just fill out an application so we can run a credit report and determine what type of loans are available for your situation.  Having your credit scores high helps, and money in savings helps.  Having a few revolving accounts and a few installment loan accounts can also help. 

Do you want more information, or have other questions? Please contact us today by calling 208-854-7800. Or Contact us online!