Lenders with Lowest Rates in Idaho ?

[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. 

[Cody Fenske]

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.