Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale

Idaho Housing and Finance Association offers HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale to home buyers in Idaho: hOME sets the amount using your housing expense ratio, debt-to-income and income, as a deferred loan.

Amount: HOME sets the amount using your housing expense ratio, debt-to-income and income.
Type of assistance: Loan with deferred repayment
Limited to first-time buyers: No
A credit score: At least 620

How do you pay back Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale?

You get a 0% deferred loan. Repayment is due if you sell to someone who isn't eligible, transfer the home without approval, take cash out against it or miss loan payments.

You pay nothing each month on a deferred loan. When you sell, refinance or pay the first mortgage off, the whole amount comes due.

Who qualifies under Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale?

Buyers qualify only when purchasing CLT housing or fee simple resale units set aside by a developer or partner.
80% of the area median income (AMI) is the most your household can earn.
Being a first-time buyer isn't required.
Your credit score must be at least 620.

Your county and household size set most limits. Use our HUD income limits tool to see the median income for your area and where your household stands.

Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale: how to apply

Get guidance from the agency or a participating lender in Idaho Housing and Finance Association's programs before making a home offer.
After comparing your income, credit and home with program rules, the lender holds the funds for you.
When the loan closes, the help goes to your down payment and the costs of closing.

For the full rules and current application status, use Idaho Housing and Finance Association's page for HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale, or choose a lender from the agency's lender list.

Discuss Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale with a lender

Tell us where you're buying and a lender that works with Idaho's programs can tell you whether Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale fits you, and what you could combine with it.

Call 866-602-7460

Don't feel like calling? If you send your details, the lender will get in touch.

More programs in Idaho for first time buyers

Idaho Housing Down Payment Assistance:
A repayable loan, up to 8% of value or price.
Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple:
A deferred loan sized by your need, with housing costs at about 35% of income.

Down payment help in every state · Every Idaho first time home buyer program