1% Down Mortgage Idaho – New Low Down Payment Program for 2025 Buyers

🏠 1% Down Payment Program in Idaho: A New Path to Homeownership

💡 A Game-Changer for Idaho Homebuyers

Saving for a home just got easier with the launch of a new 1% down mortgage in Idaho. This innovative program allows eligible borrowers to contribute just 1% of the home's price as a down payment - making it easier than ever for Idaho buyers to enter the market. Whether you’re a first-time buyer or returning to the market, this program could be a game-changer for your homeownership journey.

If saving for a down payment has felt like climbing Table Rock in flip-flops, this program could be your shortcut to the top.

🧾 How the 1% Down Program Works

Let's say you're buying a $350,000 home in Boise:

• You put down 1% → That's $3,500

• The lender covers 2% → That's $7,000

• Total down payment: 3%

The rest is financed just like a standard conventional mortgage - no hidden grants, no second liens, no need to fill out additional paperwork for assistance.

✅ Who Qualifies in Idaho?

• First-time or returning homebuyers welcome

• Minimum credit score typically 620+

• Income at or below 80% of Area Median Income (AMI)

• Primary residence only

• Conforming loan limits apply

This program is perfect for teachers, first responders, entry-level professionals, and growing families across Idaho.

💼 Why Realtors Should Be Excited Too

Realtors should take note: the 1% down mortgage Idaho buyers are coming - and they're ready to purchase!

Here's why:

• More qualified buyers → Clients with limited cash can now shop with confidence.

• Shorter "rent-wait-buy" cycles → Help renters become owners sooner.

• Smoother approvals → This program follows traditional underwriting - no clunky second loans to coordinate.

• Close more deals → You'll have a competitive edge with listings when you can offer low-down financing options.

• Great for listing agents → Educate sellers that this is a strong, conventional offer - not a high-risk loan.

The more tools you have in your toolbox, the more doors you open for your clients - and your closings.

💰 Benefits for Buyers

• Lower cash out of pocket - Save your cash for moving expenses or reserves

• Faster path to homeownership - Skip years of saving for a 3-5% down payment

• Conventional loan perks - Competitive rates and cancellable mortgage insurance

🏘️ Best Areas in Idaho for This Program

Perfect for:

• Boise & Meridian

• Nampa & Caldwell

• Idaho Falls & Twin Falls

• Anywhere with first-time homebuyers feeling priced out

🛑 What to Watch For

• Buyers still need money for closing costs (though sellers can help!)

• Full documentation and income verification are still required

• Program availability could be limited or suspended based on demand

🗝️ Final Thoughts: Big Impact with a Small Down

The 1% down mortgage Idaho program could open the door for hundreds of Idahoans who thought homeownership was out of reach - and help realtors close more deals with confident, qualified buyers.

📞 Want to learn more about this program for your clients?

Contact us today » - Let's get you and your buyers across the finish line with Idaho's most innovative loan options.

The 1% down payment is contributed by the borrower. An additional 2% may be contributed by the lender, for a total 3% down payment, subject to qualification. Program availability and eligibility criteria may vary. This is not a commitment to lend or an offer of credit. All loans are subject to underwriting approval. Terms and conditions are subject to change without notice. Not available in all states.