Home Loan benefits
Idaho Central offers a variety of home loans designed specifically to meet your needs. Whether you're just starting out and need your first home, are looking to upgrade, or are ready to build your dream home, Idaho Central has the loan for you. We offer quick, local decisions.
- Local Underwriting - we know our markets
- Local servicing - we service most of our loans
- fast approvals - saving you time
- First-time homebuyer programs available
- low fees to save you money
- fast closings - most loans close within 30 days
- extended rate lock options available from 90 to 360 days
Home Loans
Loan | Interest Rate | APR* |
---|---|---|
15 year Fixed Rate - Purchase | 6.125% | 6.356% |
30 year Fixed Rate - Purchase | 6.500% | 6.731% |
15 year Fixed Rate - Refinance | 6.125% | 6.356% |
30 year Fixed Rate - Refinance | 6.500% | 6.731% |
ARM 5 year | 6.000% | 6.231% |
ARM 7 year | 6.250% | 6.481% |
ARM 10 year | 6.500% | 6.731% |
ARM First-Time Homebuyer 100% Financed | 6.375% | 6.656% |
Construction Loan | 6.750% | 7.084% |
FHA 30 Year Fixed Rate | 6.500% | 6.931% |
Freedom Mortgage - Existing ICCU Loan | 5.990% | 5.990% |
Freedom Mortgage - New to ICCU | 5.590% | 5.590% |
Jumbo Purchase | 6.290% | 6.486% |
USDA RD 30 Year Fixed Rate | 6.500% | 7.031% |
VA 30 Year Fixed Rate | 6.500% | 6.826% |
*Your rate and/or term may vary depending on credit history and underwriting criteria.
Rates valid for Friday, March 31, 2023.
Are You Buying, Refinancing, or Building?
Program | Best if... | Details |
Fixed Rate Home Loans | You are looking to purchase or refinance a home with a fixed interest rate for the life of the loan. | + Program Details |
Close | ||
Fixed Rate Home Loans |
||
These loans have the same interest rate for the life of the loan. This is the most popular type of home loan because it is easier to budget. Generally, the shorter the term, the lower the rate.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
First-Time Homebuyer Programs | You are purchasing a home for the first time. | + Program Details |
Close | ||
First-Time Homebuyer Programs |
||
Idaho Central offers several first time homebuyer mortgage options. These are great for those with low to no money down options or those with limited income. See also ARM First-Time Homebuyer 100% Financed home loan.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Adjustable Rate Mortgage (ARM) | You are looking to purchase or refinance a home with flexible rate/term options. | + Program Details |
Close | ||
Adjustable Rate Mortgage (ARM) |
||
This loan offers an initial fixed rate based on the term (5, 7, or 10 years) to help those with less, afford more. For the first fixed rate period, the rate will be fixed at a “below-market rate” to give you more buying power. After the fixed period expires, the rate can adjust within a capped margin. See also ARM First-Time Homebuyer 100% Financed home loan.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
ARM First-Time Homebuyer 100% Financed | You are a first-time homebuyer with as little as a $1,000 downpayment. | + Program Details |
Close | ||
ARM First-Time Homebuyer 100% Financed |
||
This loan is designed for lower household income first-time homebuyer(s) with little down payment. There is no mortgage insurance requirement. For the first fixed rate period, the rate will be fixed at a “below-market rate” to give you more buying power. After the fixed period expires, the rate can adjust within a capped margin.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Federal Housing Administration (FHA) | You are looking to purchase a home with flexible purchasing options. | + Program Details |
Close | ||
Federal Housing Administration (FHA) |
||
The Federal Housing Administration backs qualified loans provided by Idaho Central to promote home ownership to those with low or moderate income or limited savings.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Veteran Affairs (VA) Mortgage | You are a qualified military member and purchasing a home. | + Program Details |
Close | ||
Veteran Affairs (VA) Mortgage |
||
The Department of Veteran Affairs backs mortgages provided by Idaho Central to qualified military members.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Rural Housing Services (RHS) | You are looking to purchase a home in a rural community. | + Program Details |
Close | ||
Rural Housing Services (RHS) |
||
This home loan offers 100% financing for home buyers who would like to buy a home in a rural community.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Jumbo Financing | You are purchasing or refinancing a home with a larger purchase price. | + Program Details |
Close | ||
Jumbo Financing |
||
Idaho Central provides financing for large loan amounts with reduced closing costs.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Condo Financing | You are looking to purchase a condo. | + Program Details |
Close | ||
Condo Financing |
||
Idaho Central offers portfolio financing for the purchase of owner-occupied condos.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Gifted Funds Mortgage | You have gifted funds to be used as down payment. | + Program Details |
Close | ||
Gifted Funds Mortgage |
||
We allow pledged deposits to be used as a gifted down payment. This is a perfect option for a child, grandchild, or family member buying their first home with a little assistance from a parent or relative.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
Program | Best if... | Details |
Freedom Mortgage | You are looking to refinance your home into a shorter term with no fees. | + Program Details |
Close | ||
Freedom Mortgage |
||
This 5-12.5 year, no-fee loan is designed for members who want a short repay period or have a smaller loan balance. This is the last refinance loan you'll ever need. This loan has the same interest rate for the life of the loan.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Fixed-Rate Home Loans | You are looking to purchase or refinance a home with a fixed interest rate for the life of the loan. | + Program Details |
Close | ||
Fixed-Rate Home Loans |
||
These loans have the same interest rate for the life of the loan. This is the most popular type of home loan because it is easier to budget. Generally, the shorter the term, the lower the rate.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Biweekly Home Loans | You are looking to refinance your home for a more flexible payment schedule. | + Program Details |
Close | ||
Biweekly Home Loans |
||
These loans have the same interest rate for the life of the loan. This option offers the convenience of making biweekly payments that can be tailored to your pay schedule.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Adjustable Rate Mortgage (ARM) | You are looking to purchase or refinance a home with flexible rate/term options. | + Program Details |
Close | ||
Adjustable Rate Mortgage (ARM) |
||
This loan offers an initial fixed rate based on the term (5, 7, or 10 years) to help those with less, afford more. For the first fixed rate period, the rate will be fixed at a “below-market rate” to give you more buying power. After the fixed period expires, the rate can adjust within a capped margin. See also ARM First-Time Homebuyer 100% Financed home loan.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Jumbo Financing | You are purchasing or refinancing a home with a larger purchase price. | + Program Details |
Close | ||
Jumbo Financing |
||
Idaho Central provides financing for large loan amounts with reduced closing costs.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
Program | Best if... | Details |
Construction Loan | You are looking to build your dream home. | + Program Details |
Close | ||
Construction Loan |
||
Build the home of your dreams with an Idaho Central Construction Loan
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
||
Land Loan | You are planning to build and need a loan for the land. | + Program Details |
Close | ||
Land Loan |
||
This loan is designed for members who are looking to purchase a residential lot. Call an ICCU Construction Loan Officer in your area for current rate.
As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE! |
Contact A Specialist
Not sure which loan is right for you? No problem. Our Home Loan Specialists will help you determine which loan will fit your needs. Plus, they'll help you through every step of the loan process.
ContactContact A Specialist
Not sure which loan is right for you? No problem. Our Home Loan Specialists will help you determine which loan will fit your needs. Plus, they'll help you through every step of the loan process.
Contact