Home affordability means more families can afford to purchase homes, and will get more home for the money. Lower buying costs mean that it’s possible to purchase a home that costs $10-20,000 more for the same monthly payment.  Idaho mortgage rates, while starting to rise slightly, are still low enough to be a major bargain.

Home prices have been driven down by the abundance of inventory on the market and the number of foreclosures over the past two years. While home prices were on the rise for the past several decades, those ever-inflating prices are finally being corrected, and beautiful homes in Idaho are now affordable once again for the average home buyer.

If you’re in a position to purchase a home, you can find a better deal than what’s on the market right now. Getting an Idaho home loan now with a low fixed interest rate puts you in a position to build thousands of dollars in equity in your new home over the next few decades.

If you’re a first-time homebuyer, now is an especially great time to buy. In addition to the significant tax credits currently available, you don’t have to worry about selling a current home before committing to a new Idaho mortgage. If you’ve been in the market for awhile, waiting for that perfect home to come available, you’ve had an opportunity to save money for a down payment.

If you’ve been thinking about searching for a new home, don’t waste any more time! Take advantage of current market conditions to purchase a new home and help build your nest egg for the future.

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