All Forum Posts by: Kody Graves

 Hey Craig, I shouldn't have assumed that they don't do construction loans for 5% down. I am getting my information from builders in Eastern Idaho who do not carry the construction loan. And they were having trouble with ICCU because they were requiring most of their borrowers to put 20% down. I don't know if they have higher standards to get that 5% down option, but the borrower's were unable to come up with the down payment requirements and the builders were losing out on business. 

Hey Shemar, If it's a single family residence, you can do 15% down for conventional. But if you're looking for 2-4 units, you're looking at the 25% down like you're talking about. I would see what local banks and credit unions in your area have in their portfolio. 

 I am with CrossCountry Mortgage. We have a wide portfolio of loans in addition to the government loans, some of the best construction loans and jumbo products on the market. Actually have been working with a builder out of East Idaho as the preferred lender due to some of ICCU's high down payment requirements on their construction loans.

Just looking to build some relationships within the state! Live in the Treasure Valley but do a lot of business in East Idaho as a lender. But looking to expand my knowledge within the real estate industry, and wanted to see if we had any Idahoans on here.