Lenders with Lowest Rates in Idaho ?

Coeur d'Alene, Idaho
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Lenders with Lowest Rates in Idaho ?

Leanna Nixon
Member since 2023 · 16 posts · 22 votes

Hello! We have a small portfolio of RE assets in both Cleveland and Sandpoint. We are purchasing our next primary in Sandpoint and want to find the best lender with the lowest rate. Can be a convention loan or private lender. We have a lot of history of paying mortgages on time, great credit, etc. 

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Cody FenskeBusiness Member
Post Falls, ID · Member since 2023 · 18 posts · 12 votes
2y
Quote from @Leanna Nixon:

Hello! We have a small portfolio of RE assets in both Cleveland and Sandpoint. We are purchasing our next primary in Sandpoint and want to find the best lender with the lowest rate. Can be a convention loan or private lender. We have a lot of history of paying mortgages on time, great credit, etc. 


 Hey Leanna,

The answer may very slightly based on your situation and as always, make sure to talk to a few people at minimum making it very clear that you are shopping lenders. They will absolutely do what they can to keep your business and that often results in them buying down your rate a bit on their own dime. Idaho Central Credit Union tends to be the lowest rates I see, but I know some very hungry lenders who may go even lower by doing the loan for almost nothing just to get the business. Keep in mind, there is a point of diminishing returns and you may hurt yourself by making the rate all that matters. Also, make sure to consider the closing costs and be prepared for lenders to make the rate very low by building it into your costs or even your loan total. I deal with all of these local lenders daily, so if you want a full list of specific names, let's take it to messaging where I can go really detailed for you.

[email protected]208-719-1331
Cody Fenske - eXp Realty 532 Reviews
WebsiteView Page
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  • Jason WrayPro Member
    Banker · Nationwide · Member since 2020 · 2k+ posts · 1k+ votes
    2y

    Hi Leanna,

    I Would love to be part of your search feel free to send me a message! I enjoy hepling and talking REI!

    [email protected]727-637-4289
    0Reply
  • Cody FenskeBusiness Member
    Post Falls, ID · Member since 2023 · 18 posts · 12 votes
    2y
    Quote from @Leanna Nixon:

    Hello! We have a small portfolio of RE assets in both Cleveland and Sandpoint. We are purchasing our next primary in Sandpoint and want to find the best lender with the lowest rate. Can be a convention loan or private lender. We have a lot of history of paying mortgages on time, great credit, etc. 


     Hey Leanna,

    The answer may very slightly based on your situation and as always, make sure to talk to a few people at minimum making it very clear that you are shopping lenders. They will absolutely do what they can to keep your business and that often results in them buying down your rate a bit on their own dime. Idaho Central Credit Union tends to be the lowest rates I see, but I know some very hungry lenders who may go even lower by doing the loan for almost nothing just to get the business. Keep in mind, there is a point of diminishing returns and you may hurt yourself by making the rate all that matters. Also, make sure to consider the closing costs and be prepared for lenders to make the rate very low by building it into your costs or even your loan total. I deal with all of these local lenders daily, so if you want a full list of specific names, let's take it to messaging where I can go really detailed for you.

    [email protected]208-719-1331
    Cody Fenske - eXp Realty 532 Reviews
    WebsiteView Page
    1Reply
  • Carole Parker
    Real Estate Consultant · Member since 2024 · 39 posts · 5 votes
    2y

    Hi Leanna,

    I would be happy to connect with you! I am also into REI and private money lending. Let's collaborate!

    0Reply
  • Robin SimonBusiness Member
    Lender · Austin, TX · Member since 2022 · 5k+ posts · 4k+ votes
    2y
    Quote from @Leanna Nixon:

    Hello! We have a small portfolio of RE assets in both Cleveland and Sandpoint. We are purchasing our next primary in Sandpoint and want to find the best lender with the lowest rate. Can be a convention loan or private lender. We have a lot of history of paying mortgages on time, great credit, etc. 


    Hi Leanna - love the Coeur d'Alene and northern Idaho area - what type of properties are you looking at - single unit long term rentals or something more complex like STR (airbnb), multi unit?

    [email protected]
    Harpoon Capital514 Reviews
    WebsiteView Page
    0Reply
  • Derek BrickleyBusiness Member
    Lender · Ann Arbor, MI · Member since 2021 · 676 posts · 228 votes
    2y

    Hey Leanna!  There are certain community lending incentives in Cleveland for investment properties as well. In Sandpoint, it would really depend on what you're looking for exactly to see if we could help.  There are some that you could be eligible for but it would just depend.  Feel free to reach out if it might be helpful to look into those!

    [email protected]734-645-7722
    Gold Star Mortgage Financial Group548 Reviews
    WebsiteView Page
    0Reply
  • Avery Robertson
    Firth, ID · Member since 2018 · 78 posts · 25 votes
    2y

    For your primary residence I know Beehive is around 5.85% today on a 30 year. 

    0Reply
  • Travis Elliott
    Member since 2019 · 35 posts · 12 votes
    2y
    Quote from @Avery Robertson:

    For your primary residence I know Beehive is around 5.85% today on a 30 year. 


     I just called beehive and they did quote 5.875. Thst sounds cheaper than most

    1Reply
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