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Home Loans


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
Apply Now Rate Quote Contact
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%
*APR - Annual Percentage Rate
*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?

Buying Refinancing 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.

  • Protection from rising interest rates
  • Predictable monthly payments
  • Low, affordable interest rates
  • Multiple terms available – 10, 15, 20, and 30 years
  • No initial loan application fees
  • Investment properties eligible
  • Manufactured homes eligible

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.

  • Unique programs designed to help first-time homebuyers
  • Low interest rates with low down payment options for homebuyers
  • Down payment assistance programs available for qualified borrowers
  • Special programs offering waived mortgage insurance premiums
  • Manufactured homes eligible
  • Idaho First-Time Home Buyer Savings Account available
  • Housing agency programs are available

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.

  • Locally underwritten and serviced
  • Lower initial fixed rate – 5, 7, or 10 years
  • Lower payments in the early years of your loan
  • Allows you to financially prepare over time as you expect income to increase over the coming years
  • You can potentially get more home for your money
  • Plan to move within the term of the loan
  • Are going to pay off your mortgage within the term of the 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 little as $1,000 down
  • Qualifying first-time buyer(s) can secure 100% financing with no mortgage insurance
  • Income limits apply
  • Locally underwritten and serviced – we will not sell these loans
  • Single family residence (no manufactured homes)
  • First-time homebuyer education required
  • Idaho First-Time Homebuyer Savings funds are eligible for purchase in Idaho (See Idaho First-Time Home Buyer Savings)

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.

  • Low down payment requirement of 3.5%
  • Flexible credit requirements for those working on improving their credit
  • Gifted down payment funds from family are eligible
  • Manufactured homes eligible

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.

  • No down payment required
  • No monthly mortgage insurance premium
  • Flexible credit requirements for those working on improving their credit
  • Available to qualified Veterans who are looking to purchase or refinance

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
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Rural Housing Services (RHS)

This home loan offers 100% financing for home buyers who would like to buy a home in a rural community.

  • No down payment required
  • Special financing option for low to moderate income families
  • Low monthly mortgage insurance premium
  • Available in qualified rural areas or communities

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.

  • Financing available up to 95% of the home’s value
  • Locally underwritten and serviced – we will not sell these loans
  • Down payment options as low as 5% on purchase price of $850,000 or less

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.

  • Financing up to 97% of property value on eligible condominium purchases
  • Financing up to 80% of property value on ineligible condominium purchases
  • Locally underwritten and serviced

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
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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.

  • Pledged funds earn interest in a 5-year Certificate of Deposit (CD)
  • Private mortgage Insurance not required
  • Perfect option for the first-time homebuyer

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.

  • Absolutely no fees
  • 5-12.5 year terms available
  • Below market interest rate
  • Fast closing times

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.

  • Protection from rising interest rates
  • Predictable monthly payments
  • Low, affordable interest rates
  • Multiple terms available – 10, 15, 20, and 30 years
  • No initial loan application fees
  • Investment properties eligible
  • Manufactured homes eligible

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.

  • Protection from rising interest rates
  • Save on interest expense
  • Shorten the term of your loan
  • Build your home’s equity faster
  • Convenient and flexible biweekly payment 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.

  • Locally underwritten and serviced
  • Lower initial fixed rate – 5, 7, or 10 years
  • Lower payments in the early years of your loan
  • Allows you to financially prepare over time as you expect income to increase over the coming years
  • You can potentially get more home for your money
  • Plan to move within the term of the loan
  • Are going to pay off your mortgage within the term of the 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.

  • Financing available up to 95% of the home’s value
  • Locally underwritten and serviced – we will not sell these loans
  • Down payment options as low as 5% on purchase price of $850,000 or less

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

  • One-time and two-time close options
  • Fixed- or variable-rate programs available
  • Interest-only payments during construction
  • Build times up to 18 months

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.

  • 5-15 year term
  • Up to 80% LTV
  • Up to 15 acres
  • Can be rolled into your construction loan
  • Locally underwritten and serviced – we won’t sell your loan

As an ICCU member, check your credit score anytime with MY CREDIT in eBranch. It's FREE!

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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.

Contact

Additional Resources

  • Adjustable Rate Mortgage Calculator
  • Home Loan Calculator (PITI)
  • Home Loan Qualifier Calculator
  • Rent vs. Buy Calculator
  • Refinance Interest Savings Calculator
  • Borrower Portal
  • Finally Home! Homebuyer Education

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.

Contact

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ABOUT US

Idaho Central is the premier credit union in Idaho and offers full-service locations throughout the Treasure Valley, Magic Valley, Eastern Idaho, North Idaho, and Spokane. While growth is vital to our success, we remain focused on our mission, “Helping members achieve financial success.”

Routing Number: 324173626   NMLS ID: 433926

Idaho Central Credit Union is federally insured by the National Credit Union Administration.
© 2023 Idaho Central Credit Union. All rights reserved.