$345,000
Median Home Price
$292,000
Avg. Loan Amount
65K
Population
5+
Licensed Lenders
Key Idaho Falls Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Ammon
$375KFamily suburb
Downtown
$295KRiver district
Iona
$325KRural residential
Idaho Falls Real Estate Market
Why Non-QM loans are popular in Idaho Falls
Growing demand for flexible mortgage solutions in Idaho Falls
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in Idaho Falls
What is the minimum credit score for Non-QM loans in Idaho Falls?
Most Non-QM lenders serving Idaho Falls require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in Idaho Falls, Idaho?
Yes, bank statement loans are available in Idaho Falls. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in Idaho Falls?
DSCR loans in Idaho Falls typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in Idaho Falls?
Non-QM loan amounts in Idaho Falls typically range from $100,000 to $3 million or more. With a median home price of $345,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Idaho Falls?
The most popular Non-QM programs in Idaho Falls include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.