5 Summer Home Buying Myths Idahoans Still Believe in 2025

It's summer 2025 in Idaho: the grill is hot, the huckleberries are ripe, and real estate myths are still running wild. Whether you’re a first-time homebuyer in Boise or upgrading in Nampa, don't fall for these outdated myths that can cost you time, money, and missed opportunities.

Here are the top 5 Idaho home buying myths 2025 we're busting this season:

1. “You Need 20% Down to Buy a Home.”

Nope. Not in 2025, and certainly not in Idaho. With FHA loans requiring as little as 3.5% down and Idaho Housing offering down payment assistance programs, the 20% rule is more myth than mandate.

Local Pro Tip: Some Idaho first-time buyers have gotten into homes with less than $1,000 out-of-pocket. It's not magic. It's smart lending.

2. “You Should Wait for Home Prices to Drop.”

This one's as persistent as goatheads in your lawn. While it sounds wise, trying to time the market often means missing out. Idaho’s population is still growing, demand remains strong, and waiting could mean higher prices and interest rates.

Translation: Waiting might cost you more, not less.

3. “You Can't Buy If You Have Student Loans.”

False. Student loans are common, and lenders know it. What matters more is how you manage your debt and your debt-to-income ratio (DTI). Programs like FHA, VA, and even conventional loans are often flexible.

Idaho Insight: We've closed loans for teachers, nurses, and engineers who thought student debt would stop them. It didn't.

4. “The Best Deals Are Always Off-Market.”

Look, off-market deals can be great, but so can that freshly listed charmer in Kuna with an updated kitchen and motivated seller. Idaho’s MLS is full of solid opportunities - and you won't need a treasure map to find them.

Reality check: The best deal is the one that fits your needs, your budget, and gets you into a home without regrets.

5. “Online Lenders Offer the Best Rates.”

Not always. That slick website might flash a low rate, but watch out for hidden fees, bait-and-switch tactics, or underwriting delays. Local Idaho mortgage brokers often beat national lenders in both service and total cost.

Shameless truth: A friendly face who knows the local market will almost always beat a chatbot.

Final Thoughts

Buying a home in Idaho this summer doesn't have to be overwhelming - unless you believe the hype. Don't let myths make your journey harder than a hike up Table Rock in July. Get facts. Get pre-approved. And get yourself a smart, local guide who can navigate the market with you.

Got questions or want to bust a myth you've heard? I'm here to help.