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208-HOP-KINS (467-5467)
910 E. Carol St. Meridian, Idaho 83646

Residential Loans

Idaho Residential Property Private Money Loans


We are now offering
10, 15, or 25 Year Straight Amortization Loans
No Pre-Pay Penalty and No Balloons on Residential Non-Conforming Loans

Residential private money loans can be used by many people who cannot obtain funding from traditional sources.

Hopkins may be your source for residential private money loan in Idaho if:

  • Your property is located in Idaho; and
  • You have cash or equity in your property; and
  • You poor credit score, a bankruptcy that is confirmed (discharged), short sale that occurred, or just don't meet standard banking loan guidelines; or
  • You have short time frame to close; or
  • Your property is non-conforming to bank standards (mobile home on a foundation on acreage, rural property, zoning issue).

Loan Amounts:  $40,000 to $1,000,000+
Location:   Residential – Idaho only
Property Types:    Improved Residential,  Less than 4 Units; Mobile Home on a Foundation; Personal Residence or Investment Property.
Grade:   A - D Borrowers; Bankruptcy and Short Sales Ok.
Interest Rates:   Typically Starting at 8.5% 
Points/Processing Fees:   4 Points; $350 *
Loan to Value:   Average 70%; Up to 80%.
Loan Terms:   10, 15, or 25 Years; Straight Amortization, No Balloon, No Prepayment Penalty.
Income:  Full Documentation, Verifiable Repay-ability

Items needed for a loan request:  For a Residential Private Money Loans in Idaho we will need the following:

  • Application; filled out and signed Copies of your tax returns for the last two (2) years (complete and signed)
  • 2 – 3 of your most recent paystubs
  • Names, addresses, telephone numbers, account numbers and current balances of any and all existing lien holders and/or judgments on your property
  • Fire insurance policy
  • Current appraisal (if you do not have a current appraisal within 30 days on your property, contact your loan officer about arranging to have one completed)
  • If this is a purchase you will also need to provide:  Purchase and Sale Agreement (Earnest Money Agreement) if purchasing the property.
  • If a refinance you will also need to provide: Closing documents from when you purchased your property  
To Get Started Click here for a Loan Application!!  - or - Contact Stacey Harris (NMLS#917834) at  or (208) 467-5467

What is a Private Money Loan?   Check out more information on our Frequently Ask Questions Page.

*Other fees do apply in order to close a loan, including but not limited to: Credit Report, Appraisal and/or Realtor Opinion of Value, Tax  Inspection, Flood Certificate Fee, Title and Closing Cost Fees, Long Term Escrow, and Recording Fees. NMLS #2631 / MLB #910 Hopkins Financial Services, Inc. is an Equal Housing Opportunity broker and financing is available to all persons regardless of race, color, religion, sex, handicap, familial status or national origin.