Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple
Idaho Housing and Finance Association offers HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple to home buyers in Idaho: based on what you need, so about 35% of your income goes to housing costs, as a deferred loan.
- Amount
- Based on what you need, so about 35% of your income goes to housing costs
- Help type
- A loan you pay back later
- Limited to first-time buyers
- No
- Your credit score
- At least 640
What repayment rules apply to Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple?
It's a deferred loan at 0%. It is repaid after you sell, hand the home to someone else, borrow against it or miss loan payments.
There is no monthly cost on a deferred loan. Selling, refinancing or paying off the first mortgage makes the full balance due.
Which buyers can use Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple?
- A household must earn no more than 80% of the area median income (AMI).
- It is fine if you have bought before.
- Your credit score needs to be at least 640.
Your county and household size set most limits. Our HUD income limits tool gives the local median income and your household's position.
Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple: how to apply
- Before you offer on a home, talk with a lender in Idaho Housing and Finance Association's network or reach out to the agency.
- Your income, credit and the home are reviewed against program rules; then the lender sets aside the money for you.
- Paid at closing, the help goes toward closing costs and your down payment.
See Idaho Housing and Finance Association's page for HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple for complete rules and application availability, or select one of the agency's participating lenders.
Talk with a lender: Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple
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), Fee Simple fits you, and what you could combine with it.
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More Idaho programs for first-time buyers
- Idaho Housing Down Payment Assistance:
A repayable loan capped at 8% of the home's price or value.
- Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale:
Deferred loan; HOME sets it using income, the housing expense ratio and debt-to-income.
Every first-time home buyer program in Idaho · Down payment assistance across every state