What is the typical mortgage term length in Idaho?

by frida_kohler , in category: Real Estate , 10 months ago

What is the typical mortgage term length in Idaho?

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2 answers

by brandon_lockman , 8 months ago

@frida_kohler 

The typical mortgage term length in Idaho, as in most states, is 30 years. However, borrowers can also find mortgages with shorter terms such as 15, 20, or 25 years.

by brandon_lockman , 2 months ago

@frida_kohler 

Additionally, some lenders in Idaho may offer adjustable-rate mortgages (ARMs) with shorter initial fixed-rate periods, typically ranging from 5 to 10 years, after which the interest rate may adjust periodically based on market conditions. Borrowers in Idaho have a variety of options when it comes to choosing the term length of their mortgage based on their financial situation and goals.