Idaho Housing and 1st Choice Mortgage combine to give Home buyers a spectacular home loan product. Need more information? Want to apply?
Buying a home is exciting, but the upfront costs can feel overwhelming. Idaho down payment and closing cost assistance programs are here to help. These programs lower, or sometimes even remove, the cash you need at closing.
If you're a first-time buyer - or a local hero like a teacher, nurse, police officer, or firefighter - you may qualify for extra support. At 1st Choice Mortgage, we partner with the Idaho Housing and Finance Association (IHFA) to connect buyers with grants, forgivable loans, and low-interest mortgages. Our goal is simple: make owning a home in Idaho more affordable.
Qualified buyers can get:
Help with the down payment
Closing cost assistance
Grants that may not need to be repaid
This financial support can save you thousands and make buying a home possible sooner than you think.
Pairing these programs with a low-interest Idaho Housing mortgage can stretch your budget even further. Benefits may include:
Lower interest rates
Affordable monthly payments
Long-term savings
Each program has its own rules, but most require:
A steady income
A qualifying credit score
A home located in Idaho
Meeting certain job criteria (for Hero programs)
Not sure if you qualify? 1st Choice Mortgage will guide you step by step and help find the right program for your situation.
Whether you're buying your first home or serving your community, Idaho down payment and closing cost assistance can open the door to affordable homeownership.
👉 Call 1st Choice Mortgage today to learn which programs you qualify for. Let's get you into a home with less cash out of pocket!
IHA’s Web Page on Down Payment Assistance
Get up to 3% of the purchase price as a grant for your down payment and closing costs
0% interest for 10 years
Completely forgiven after 10 years
Open to first-time and repeat buyers
Works with FHA, Conventional, and USDA Rural Development loans
Minimum credit score: 580
Income limit: Up to $170,000 (as of 01/01/2025)
Get up to 8% of the purchase price as a low-interest second mortgage
Funds can be used for down payment or closing costs
Available to first-time and repeat buyers
Designed as a second mortgage alongside a Conventional loan
Minimum credit score: 620
Borrower must bring at least $500 to closing
Can be combined with a forgivable grant
Receive up to 8% of the purchase price through a low-interest second mortgage
Works as a second mortgage paired with an FHA or Conventional loan
Borrower must contribute at least $500 at closing
Can be combined with a forgivable grant for extra savings
Get up to 10% of the purchase price for down payment and/or closing costs
Includes a 2nd mortgage up to 7% (available with FHA or Conventional loans)
Plus a forgivable grant up to 3%
Available to first-time homebuyers
Works with both Conventional and FHA loans
Get up to 7% of the purchase price through a low-interest second mortgage
Available to community heroes: nurses, teachers, firefighters, police officers, and paramedics
In some Idaho counties, repeat buyers may also qualify
Works as a second mortgage
Compatible with Conventional, FHA, and USDA loans
Can be combined with a forgivable grant for even more savings
Program guidelines and income limits may change without notice. For the most accurate and up-to-date details - including eligibility and restrictions - contact 1st Choice Mortgage today
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