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: set by your need, so housing costs come to about 35% of income, as a deferred loan.
- Amount
- Set by your need, so housing costs come to about 35% of income
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 640 or higher
How is Idaho HOME Homebuyer Activity (Down Payment Assistance - DPA), Fee Simple paid back?
Deferred loan: 0% loan. You repay it when you sell, give the home to someone else, borrow against the home 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), Fee Simple?
- Household income must be 80% of area median income (AMI) or less.
- You don't have to be a first-time buyer.
- A credit score of 640 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), Fee Simple
- 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), Fee Simple, or pick a lender from the agency's list of participating lenders.
Ask a lender about 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.
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), CLT/Resale: set by HOME based on income, housing expense ratio and debt-to-income, deferred loan.
All Idaho first-time home buyer programs · Down payment assistance in every state