Idaho Housing Down Payment Assistance

How is Idaho Housing Down Payment Assistance paid back?

Small monthly payments pay off this repayable loan, a second mortgage handled with your main mortgage year after year.

With a repayable loan, you carry a small second mortgage and pay it off monthly, usually in your main home loan payment

Who qualifies for Idaho Housing Down Payment Assistance?

• Your household income can't be above $170,000; certain loan programs go lower.
• Being a first-time buyer isn't required.
• Complete homebuyer education before purchasing.

Your county and household size guide most limits. To see the median income where you live and how your household measures up, use our HUD income limits lookup.

How to apply for Idaho Housing Down Payment Assistance

1. Talk with a lender who handles Idaho Housing and Finance Association's programs, or reach the agency, before you offer on a house.
2. First, the lender compares the home, your credit and your income with the program's rules, then sets the money aside for you
3. At closing, the help goes to your down payment and closing costs

For the full rules and current application status, visit Idaho Housing and Finance Association's page for Down Payment Assistance (Idaho Housing's down payment assistance program); the agency also has a participating lender list to pick from.

More Idaho first-time buyer programs

• Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple:

  Your need sets it, so housing costs stay about 35% of income, with the loan deferred.

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

  HOME bases the amount on debt-to-income, housing expense ratio and income, as a deferred loan

Every Idaho first-time buyer program · Down payment help across all states