Residential Loan

Hopkins may be able to help if:

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

Residential Loans

  • 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: Interest Rate is a Fixed Rate, based off the Average Prime Offer Rate with maximum allowable spread (avg. range 10.75%-12+% ). Contact Hopkins for current rates.
  • Points/Processing Fees: 4 Points (3 points to Hopkins / 1 point to the Lender); $350 average processing fee.
  • Loan to Value: Average 70%; Loan to value varies with property type, location and conditions of the property, and borrower credit.
  • Loan Terms: 10, 15, 20, or 25 Years; Straight Amortization, No Balloon, No Prepayment Penalty.
  • Income: Full Documentation, Verifiable Ability to Repay.
  • 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 Service Inspection, Flood Certificate Fee, Extended Title Insurance and Closing Cost Fees, Long Term Escrow, and Recording Fees. NMLS #2631 / MBL #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.

How can we help?

In order to access our Residential Application, please provide your name and email address.

Note that we only make residential loans in Idaho.  We make commercial loans throughout the entire US.  If you have questions, call our office at 208-HOP-KINS (467-5467).