4207 W HOMEWARD BOUND BLVD – SOLD

SOLD DECEMBER 2021

GORGEOUS LARGE 5 BEDROOM HOME IN THE TRAILS, BUILT IN 2020.

Buyers will love the open floorplan, 4186 square feet of living space, soaring ceilings, large kitchen island with quartz countertops, walkout basement and upgraded finishes throughout. 

COEUR D’ALENE IDAHO REAL ESTATE | COEUR D’ALENE HOMES FOR SALE

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Modern, Upgraded Kitchen

The stunning modern kitchen has large island, upgraded Fridgidaire appliance package, quartz countertops, under cabinet lighting, and spacious pantry.

Open Floor Plan with Vaulted Ceilings

This open floorplan is great for entertainment and dining.

      Main Floor Slider Walks Out To Trex® Balcony.

Main Floor Master & More

The popular Lewiston floorplan by award-winning local builder has an open light and bright feel to it with a vaulted ceiling master bedroom, office and ½ bath on the main floor, 2 bedrooms, a shared bathroom with dual vanities, and upper level balcony upstairs. 

Light & Bright Walk-Out Basement

It also has an expansive finished basement with 2 large bedrooms and a full bathroom.

The entire property is landscaped with sprinklers front & back

Access backyard either from the large upper level Trex® deck with stairs to lower level or from walkout basement slider.

OFFERED AT $859,000

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Located in the Coeur d’Alene School District. Ride your bike from Prairie Trail, connect to Centennial Trail west headed to Spokane or east to Riverstone, Downtown CDA or all the way to Higgins Point. Perfect central location, close to everything, 6 miles to downtown CDA, 5 miles to Honeysuckle Beach in Hayden, and only 40 minutes to Spokane Airport. Enjoy the North Idaho lifestyle, hunting, fishing, boating, world-class golf, and all the Coeur d’Alene area has to offer.

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  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