Great Hobby Farm Potential, Post Falls Home on Acreage 5 Bedrooms + Flex Room/6th Bedroom Built in 2020 (NO LONGER AVAILABLE)

14772 W Hayden Ave, Post Falls, Idaho.

LARGE HOME ON ACREAGE CLOSE TO EVERYTHING! PRE-INSPECTED & SELLER IS OFFERING A $10,000 RATE BUY-DOWN. HOBBY FARM POTENTIAL.

Here’s your opportunity to enjoy rural living while still being close to town. This spacious, like-new home was built in 2020 and is over 3100 square feet with a main floor primary suite and laundry room. Upstairs you’ll find 5 bedrooms, 2 full baths, plus a loft area. One of the upstairs bedrooms is quite large and could double as a bonus/media room. Several thoughtful enhancements are included: honeycomb blinds (blackout in all bedrooms), tinted windows on west side, water softener system, and handy laundry chute. The kitchen is very functional and has stainless appliances, a reverse osmosis system, and attractive granite counters. The open floorplan, roomy dining area, and living room makes for easy entertaining.

Step outside and take in stunning prairie sunrises and sunsets as well as scenic mountain views to the north. With 4.65 acres you could have a dream garden or hobby farm with plenty of room to build a shop to store your equipment and toys and the 3-car attached garage provides additional storage with built-in shelving. Generator and all appliances stay including the fridge in the garage. Easy access to I-90, minutes to Coeur d’Alene, and only 32 miles to Spokane Airport. This is truly a rare opportunity.

  1. Do VA loans require a down payment?

No! One of the biggest benefits of a VA loan is that no down payment is required for eligible buyers.

  1. Do VA loans require private mortgage insurance (PMI)?

No, VA loans do not require PMI, which can save you hundreds of dollars per month compared to conventional loans.

  1. What is the VA funding fee, and do I have to pay it?

The VA funding fee is a one-time fee that helps sustain the VA loan program.

  • First-time use: 2.15% of the loan amount (if putting 0% down).
  • Subsequent use: 3.3%.
  • Exemptions: If you have a service-connected disability, you may qualify for a waiver.
  1. What credit score and debt-to-income (DTI) ratio do I need?

There’s no official VA credit score requirement, but check with your lender. 

  • DTI ratio should generally be 41% or lower, but exceptions exist for strong borrowers.
  1. Can I use a VA loan to buy a vacation home or rental property?

No, VA loans are only for primary residences. You must live in the home you purchase.

  1. Does the home need to meet specific requirements?

Yes, VA loans have Minimum Property Requirements (MPRs) to ensure the home is safe, sound, and sanitary.

  • Common issues: peeling paint, broken windows, roof damage, or exposed wiring could cause delays.
  1. What’s the difference between a VA appraisal and a home inspection?
  • VA appraisal: Required to determine value and basic safety.
  • Home inspection: Optional but recommended to check for hidden issues.
  1. Can the seller pay my closing costs?

Yes! Sellers can contribute up to 4% of the loan amount toward your closing costs and concessions, which can help cover expenses like property taxes or discount points.

  1. Can I transfer my VA loan to someone else?

Yes! VA loans are assumable, meaning another qualified buyer can take over your loan’s terms—this can be a huge advantage if interest rates rise.

  1. Can I use my VA loan benefit more than once?

Yes! Your VA entitlement can be restored if you pay off or transfer your previous VA loan, allowing you to use the benefit again.

 

Thank you to Jaclyn Scotch for sharing her insights and expertise on VA Home Loans. Here is her contact info:

Jaclyn Scotch

Home Loan Officer

Location: Coeur d’Alene

Cell: (208) 215-1814

If you have questions about navigating today’s market or need a recommendation, reach out! I’m here to help you make smart, confident moves.

Michelle Rene

Real Estate Associate Broker, REALTOR

Cell: (208) 699-5350