*This is not an offer to lend.
All approvals and rates are not guaranteed, and are only issued based on standard FHA or other mortgage qualifying guidelines.
This blog (IdahoHomeGroup.com) is not acting as or representing a bank / mortgage lender by offering a commitment to lend. The content written by each author on this blog is solely intended for information purposes.
The individual authors on this blog are responsible for their own content and do not necessarily represent the views and opinions of the other contributors.
You should check with an attorney and your Certified Public Accountant prior to acting on any of the information that is contained in this blog.
Each contributor acknowledges Equal Opportunity Lending, Fair Credit, Truth in Lending, and their own local and state RESPA, or otherwise lending laws.
We are not the Government and do not represent the HUD, VA, USDA or FHA’s opinions. Please verify all information.*
Information We Collect
We collect personal and non-personal information when you provide it to us in the course of using our Website. The personal information that we may collect includes your name, mailing address, phone number, email address, credit card number, and financial information. The non-personal information that we may collect includes your server address, your browser type, the URL of the previous website you visited, your ISP, operating system, the date and time of your visit, pages accessed during your visit, documents downloaded from our Website, and your Internet protocol (IP) Address. Unless this Website asks for specific personal information in order to respond to requests for information or to register uses for particular services, only the non-personal information will be collected when you use this site for statistical purposes and to enable us to improve the navigation functions of our web site.
When you subscribe to our service or otherwise make a purchase through our Website we will collect your name, mailing address, telephone number, credit card number, email address, and other information that we request during the registration process.
In addition, if you communicate with us regarding the Website or any of our services or products we collect any information that you provide to us during the course of our communication.
We may use analytic and reporting technologies to record non-personal information, defined above. Your personal information will only be collected by the staff of Proprietor who have responsibility for responding to such requests or administrating such registrations. However, we may contract with a third party to help us manage, monitor and optimize our Website and measure the effectiveness of our advertising, communications and use of the Website. We may use web beacons and cookies (described below) for this purpose.
Our Use of Information for Internal Purpose
We use your personal information primarily for our own internal purposes, such as providing, maintaining, evaluating, and improving our Website and the products and services we offer and sell, to collect credit card payments for subscription fees and other purchases you make, and to provide customer support.
Disclosure of Personal Information to Third Parties
We will disclose your personal information to protect or enforce our legal rights and policies, to protect or enforce the legal rights of a third party, or as we in good faith believe we are required to do so by law (such as to comply with a subpoena or court order, for example).
We may contract with various third parties who help us provide, maintain and improve the Website and the services we provide and the services and products we offer and sell and such third parties may have access to your personal information in order to perform their services (for example, to ship an order). Personal information collected on this web site will only be used for the purposes stated at the time of collection. Your personal information will not be forwarded to any third party except as stated above, added to a mailing list or used for any other purpose without your consent.
A web beacon is an often-transparent graphic image, usually no larger than a 1×1 pixel that is placed on a web page or in an e-mail that is used to monitor the behavior of the user visiting the Website or receiving the e-mail.
Cookies and web beacons used by us will not be linked to your personal information. Unless required by law to do so, Proprietor will only disclose personal information collected on this site to a third party if consent has been provided.
How We Protect Your Personal Information
We consider protecting the security of your personal information as very important. However, this site does not provide facilities to guarantee the secure transmission of information across the Internet. Whilst reasonable efforts are used to provide security, users should be aware that there are inherent risks in the transmission of information across the Internet. When you enter sensitive information such as a credit card number and/or social security number on our registration or order forms, we encrypt that information using secure socket layer technology (sometimes referred to as “SSL”).
We follow generally accepted industry standards to protect personal information submitted to us, both during transmission and once we receive it. No method of transmission over the Internet, or method of electronic storage, is 100% secure. Therefore, while we strive to use commercially acceptable means to protect your personal information, we do not guarantee absolute security. We are not responsible for the unauthorized acts of others and we assume no liability for any disclosure of information due to errors in transmission, unauthorized third party access (such as through hacking) or other acts of third parties, or acts or omissions beyond our reasonable control.
Reviewing and Changing Your Personal Information
You may obtain a copy of and request that we correct errors in your personal information by contacting us via the contact information on the Website. If you do desire to obtain a copy of your personal information, you will be required to provide proof of your identity. If your personal information changes or if you no longer want to subscribe to or use the Website, you may correct, update, terminate or deactivate your personal information and your account by contacting Proprietor via the contact information at the top of the Website. There is no fee for requesting access to your information; however, we may charge you the reasonable cost of processing your request.
Website and the services and products we offer and sell are intended for potential home buyers, those looking to refinance their home, and other typical clients of Proprietor. Therefore, it is unlikely that children under the age of 17 will use the Website or purchase the services or products we offer. Accordingly, we will not knowingly collect or use any personal information from children that we know to be under the age of 17. In addition, we will delete any information in our database that we know originates from a child under the age of 17.
If you are between the ages of 13 and 17, you, your parent, or your legal guardian may request that we deactivate any of your personal information in our database and/or opt-out from receiving communications from us. If you wish to do so, please contact us via the contact information on Website.
The list below is not exhaustive and provides general examples as of April 2018. For specific loan scenario questions please reach out to your Big River Mortgage Loan Advisor.
30 Year Fixed: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.00, APR 4.389%.
15 Year Fixed: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $2,256.84, APR 4.495%.
FHA: Loan amount $300,000, 3.5% down, monthly payment with mortgage insurance but without taxes and homeowners insurance. $1,712.74, APR 5.395%, FHA monthly MI is $211.00.
VA: Loan amount $300,000, 0% down, monthly payment without taxes and insurance $1,844.77 APR 4.432%.
USDA: Loan amount $300,000, 0% down, monthly payment without taxes and insurance $1,475.82, APR 4.388%.
10 Year Interest Only: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,062.50, APR 6.232% *The initial payment period is applied only to interest. After 10 years payments are made on the principal.
5/1 ARM: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.82, APR 7.143% *The payment or rate is subject to adjustment after 5 years. The rate may vary or payment may increase after this period.
7/1 ARM: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.82, APR 6.816% *The payment or rate is subject to adjustment after 7 years. The rate may vary or payment may increase after this period.
10/1 ARM: Loan amount $300,000, 20% down, monthly payment without taxes and insurance $1,475.82, APR 6.148% *The payment or rate is subject to adjustment after 10 years. The rate may vary or payment may increase after this period.
Jumbo 30 Year Fixed: Loan amount $500,000, 20% down, monthly payment without taxes and insurance $2,459.70, APR 4.360%.
Bridge: Loan amount $150,000, no down, 6 month term, monthly payment without taxes and insurance (deferred), 1 balloon payment of $152,180.59 due on 6th month, APR 8.516%.