Idaho - Government Backed Loans

The Idaho Housing and Finance Association's mission is to expand Idaho's affordable housing opportunities.

Purchase Programs

Good Credit Rewards

Good Credit Rewards works to offer homebuyers with less than 140% of the median income a 30-year fixed-rate second mortgage in order to provide downpayment and closing cost assistance. This second mortgage is to be used in conjunction with IdaMortgage's first mortgage program, and the Good Credit Rewards interest rates are based on a tiered credit score system.

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HOME Downpayment Assistance Program

The HOME Downpayment Assistance Program provides first-time homebuyers with downpayment and closing cost assistance through deferred-payment, interest-free, forgivable loans ranging in amount from $1, 000 to $20, 000.

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IdaMortgage Conventional Loan

A traditional mortgage loan, IdaMortgage's Conventional Loan enables homebuyers to choose to put a minimum of 5% downpayment on a home, or select IHFA's 100% downpayment financing loan. These conventional loans are available in 30- and 40-year terms.

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FHA Loan

Funded by the Federal government, a FHA loan provides eligible homebuyers who have little or no credit with affordable mortgage loans, making homeownership affordable to most families.

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VA Loan

The VA Loan is a Federally funded home loan available to eligible military veterans who wish to purchase a home. The VA Loan offers homeownership to veterans at no downpayment.

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RD Loan

Available to Idahoans who wish to purchase a home within a designated rural community, the RD Loan offers homebuyers home loans without a downpayment.

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