Idaho Banking Company - The Art of Banking
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Rehab/Remodel

Buying a rundown or obsolete property and turning it into a dream home or rental often requires a huge down payment and very expensive financing. We offer two construction programs to accommodate your needs.

Owner Occupied

The bank will finance 80% of the appraised value based upon the purchased property and the proposed improvements. Upon completion this loan would be converted to a pre-approved term loan.

Investor Property

This program is designed for the real estate investor looking to purchase distressed property for resale or upgrade and rental. The bank will finance 75% of the appraised value based upon the purchased property and the proposed improvements. Upon completion this loan would be converted to a pre-approved term loan.

 

FDIC insured equal housing lender