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: set by HOME based on income, housing expense ratio and debt-to-income, as a deferred loan.
- Amount
- Set by HOME based on income, housing expense ratio and debt-to-income
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 620 or higher
How is Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale paid back?
Deferred loan: 0% loan. You repay it if you sell to a buyer who does not qualify, hand the home over without approval, borrow cash against it or fall behind on your loan.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale?
- Only for buyers of CLT or fee simple resale housing units reserved through a developer or partner.
- Household income of no more than 80% of the area median income (AMI).
- You don't have to be a first-time buyer.
- A credit score of 620 or higher.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale
- Ask a lender that works with Idaho Housing and Finance Association's programs, or contact the agency, before you make an offer on a home.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Idaho Housing and Finance Association's page for HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale, or pick a lender from the agency's list of participating lenders.
Ask a lender about Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), CLT/Resale
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.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Idaho
- Idaho Housing Down Payment Assistance: up to 8% of the price or value, repayable loan.
- Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple: set by your need, so housing costs come to about 35% of income, deferred loan.
All Idaho first-time home buyer programs · Down payment assistance in every state