IdaMortgage, brought to you by Idaho Housing and Finance Association, announces today's rates:

·        30-year Workforce Advantage rate - 6.500%* (as of August 30th 2007)

·        40-year Workforce Advantage rate - 6.875%* (as of August 30th 2007)

·        30-year Standard rate - 5.91%* (as of August 30th 2007)

·        30-year IQ Standard rate  - 5.42%* (as of August 30th 2007)

* Today's rates (8/30/07) with zero points are subject to change. The IdaMortgage.com website will be updated to reflect these changes shortly.

Workforce Advantage loan product features:

     Good credit and employment history

—      Higher income levels are allowed up to 140% of median income

—      Does NOT need to be a first-time homebuyer

—      NO sales price limits

—      NO recapture provision

The Standard loan products, ideal for first-time homebuyers, carry a below-market rate and conventional, FHA, VA and RD loans are available.  The 30-year fixed rate loan product is a below-market interest rate that never changes for the life of the loan.  The 30-year IQ loan product offers a reduced rate for the first three years, then a slightly higher, but still low interest rate for the duration of the loan. 

All loan product features and a variety of statewide housing resources can be accessed at IdaMortgage.com., including down payment and closing cost assistance, Finally Home!® Homebuyer Education classes, and free housing counseling services.

* Rates on the workforce housing loans change daily and rates on the IdaMortgage Standard loan products change frequently.  Click here for current rates of all our loan products and income limit charts.