Now here's an interesting Coeur d'Alene Real Estate statistical report you don't see every day, if ever! Here's how the 261 properties in the Coeur d'Alene MLS that sold in October stacked up in terms of financing type.
Leading the count is CONVENTIONAL with 130. Next comes good old cold, hard CASH, at 63. 3rd place goes to FHA with 20. Nipping at their heels is USDA-RD with 19. VA follows with 11, then UNKNOWN at 9. (This simply means the listing agent didn't bother to put this information in the system when they closed the listing.) IDAHO HOUSING AGENCY was the funding source for 5 closings, followed by LEASE OPTION with 2. Tying for last place is HOMEPATH and SELECT ONE with 1 each. I admit to having no idea what Select One is, I will have to do a little research on that one. Financing options that were used by NO ONE in October were 1030 Exchange, Adjustable Rate Mortgage, Auction, Cash Out, Cash to Existing Loan, Farm Home, Nehemiah (Don't have a clue about that one either), Seller Financing, SBA, Trade.
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