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Neighborhood Housing Services

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The American Dream……Homeownership! NHS is a Full-Cycle Lender offering a variety of mortgage products statewide to help families purchase homes. Income guidelines apply and will vary depending on the loan product.

Take advantage of the Neighborhood Housing Services, Inc. and NHS Lending, Inc.’s loan programs and receive 100% financing. Clients are required to invest a minimal 1% of the purchase price or $1,000.00 (lesser of the two). These programs are available in the state of Idaho.

Loan Details:
•100% financing. 1% of the purchase price or $1,000 (lesser of the two) minimal investment towards closing costs or pre-paids.
•Credit scores of 620 (all files are looked upon on a case by case basis where the scoring is below the 620) and above or no credit score with non-traditional credit histories.
•NOT just for first time home buyers.
•Target 80% of the area median income and not to exceed 140% of the area median income (FY 2011 the AMI is at $62,100).
•Seller may contribute no more than 3% of the purchase price toward buyers closing costs and pre-paids.
•Community seconds are available to cover any closing costs or pre-paids that are over and above the 3% seller contribution.
•45% maximum ratio allowed.
•4 credit lines open and active for 24 months, one to be a housing expense (if from a private owner copies of cancelled checks will be required. If no housing we may use a demonstrated savings pattern as a compensating factor).
•No Private Mortgage Insurance.
•Competitive interest rate.

Statewide Lender Partners:
•City of Boise
•IHFA
•NeighborWorks America
•USDA Rural Development
•Idaho Central Credit Union
•FHA

Contact:
Lupe Rodriguez, 208-343-4065×110 or lrodriguez@nhsid.org