Home Loans

You'll feel right at home with a Westmark mortgage 

 

Westmark is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a  mortgage simple and straight forward by offering you the latest in financial tools that enable you to make sound financial choices.   

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First Mortgage

First Mortgages-dream loans for your dream home.

Buying a home soon? Financing it can be complicated, time consuming and expensive. At Westmark, we can reduce your financing costs and ensure that you understand your best mortgage options. We offer the following mortgage options:

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Conventional 

10, 15, 20 or 30 years – Fixed Rate

Federal Housing Administration (FHA)

15 or 30 years – Fixed Rate

Veterans Administration (VA)

15 or 30 years – Fixed Rate

U.S. Dept of Agriculture
Rural Development – (RDA)

30 year - Fixed Rate

Idaho Housing Finance Association 

30 year - Fixed Rate

8 and 10 Year Westmark Mortgages

“No Fee”

Down payment and fee requirements are different for each of these mortgage types. Contact one of our mortgage lenders for details. Your lender will advise you which programs you will most likely qualify for and will be best for your budget.

Special Services and Benefits

  • Retained Servicing on Conventional Mortgages 
  • Options to Buy Down Rates
  • Dividend Earning Escrow Accounts
  • Competitive Interest Rates

If you're in the market for buying a new home or refinancing your existing home, call our Mortgage Center today at (208) 552-1035.

First Time Home Buyer Programs

When you are shopping for your first home we can help you with several choices for financing. We know all the options can be confusing, so we welcome the opportunity to assist you in sorting them out. We offer the following programs and our lenders will walk you through each one to find which is right for you:

  • Conventional 15 and 30 year Loans
  • Idaho Housing Loan Program (IHFA)
  • Rural Development Loan Program (RDA)
  • Veterans Administration (VA)

Each program has different credit requirements, down payment and closing cost criteria, and other qualifying factors. We will gladly assist you in selecting the best fit for your budget.

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Construction Loan

Construction loans to help you build your dream home.

  • For more information on construction loans click here or contact Westmark's Mortgage Center at 208-552-1035.

Second Mortgage

Second Mortgages-Need to finance something big? Your home can help.

Westmark offers two ideal options for financing home improvements, your child's education, or other large expenditures. If you want a fixed rate loan, check out our Second Mortgage Loan option. If you are more interested in convenience and don't mind a variable rate, check out our VISA Home Equity Line.

This loan is secured by a Deed of Trust and you may qualify for up to 85% of your home evaluation, less your first mortgage.

This product offers:

  • A Fixed Annual Percentage Rate (APR).**
  • Terms from 60 to 180 months.*
  • Westmark does NOT charge any origination, processing, or other fees! In most cases, the cost of the appraisal, title insurance, and other third party fees will be paid on your behalf by Westmark.***

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For more information or to apply for a Second Mortgage Loan, just contact a Loan Officer at any branch.

*The actual loan amount and Loan-To-Value you qualify for may vary based on your credit and the amount of your first mortgage. All loans OAC.

**Maximum loan term available is based upon the amount you borrow. Contact a loan officer for more details.

***For loan amounts from $5,000 to $50,000, Westmark will pay for the appraisal fee, title insurance, and other third party fees associated with your loan, subject to your reimbursement to Westmark of these fees if you pay off your loan early (within 36 months). Third party fees on second mortgages exceeding $50,000 must be paid by the member. Contact a loan officer for more details.

Visa Home Equity

Visa Home Equity Cards-put the equity of your home in a credit card.

Westmark offers two ideal options for financing home improvements, your child's education, or other large expenditures. If you want a fixed rate loan, check out our Second Mortgage Loan option. If you are more interested in convenience and don't mind a variable rate, check out our VISA Home Equity Line.

This product offers: 

  • No origination Fee
  • No Processing Fee
  • No Annual Fees
  • No Draw Fees
  • **Appraisal, Title Insurance, and other third party fees may be paid on your behalf.
  • Access to your credit line using your VISA Home Equity Card, Home Equity Checks, Call24, or Personal Branch.
  • Minimum credit line is $5,000.
  • Annual Percentage Rate (APR) is variable.

This loan is secured by a Deed of Trust and you may qualify for up to* 85% of your home evaluation, less your first mortgage.

Your Annual Percentage Rate (APR) will vary based on the U.S. Prime rate with a minimum APR of 4.0% and a maximum APR of 14.0%. You have draw privileges for seven years from the origination date, with an option for renewal. Your low minimum payment is only 1.5% of the outstanding balance or $100, whichever is greater.

For more information or to apply for a Home Equity Loan, just contact a Loan Officer at any branch or you can Apply Now.

Apply now current rates

*The actual loan amount and Loan-To-Value you qualify for may vary based on your credit and the amount of your first mortgage. All loans OAC.

**For loan amounts from $5,000 to $50,000, Westmark will pay for the appraisal fee, title insurance, and other third party fees associated with your loan, subject to your reimbursement to Westmark of these fees if you pay off your loan early (within 36 months). Third party fees on home equity loans exceeding $50,000 must be paid by the member. Contact a loan officer for more details.


 *Westmark retains all mortgage servicing with in-house underwriting. All mortgages are subject to an origination fee of 1% ($750 minimum). All loans are on an approved credit basis.

 

Contact Us 

Mortgage Department 

208-552-1035