Idaho Housing Down Payment Assistance | 1st Choice Mortgage

🏡 Idaho Housing Down Payment Assistance | Your Path to Homeownership

Struggling with the down payment? Idaho Housing can help!

Buying a home is exciting - but saving for a down payment can be overwhelming. The good news? Idaho Housing and Finance Association (IHFA) offers powerful Idaho Housing down payment assistance (DPA) programs that make homeownership more accessible for Idaho families.

Whether you’re a first-time buyer in Boise or a growing family in Nampa, Idaho Housing's Down Payment Assistance options could be the boost you need to make your move.

💸 What Is Down Payment Assistance?

Down payment assistance is money that helps cover the upfront costs of buying a home - typically the down payment and sometimes even closing costs. IHFA offers this assistance as a second mortgage, which can be deferred or paid monthly depending on the option you choose.

🧾 Idaho Housing Down Payment Assistance Highlights

• ✅ Available statewide for qualified buyers

• ✅ Up to 3.5% - 7% of the loan amount

• ✅ Can be used with FHA, VA, USDA, and conventional loans

• ✅ Minimum credit score: 620 (depending on program)

• ✅ Must complete homebuyer education course

These programs are especially valuable for first-time homebuyers, but repeat buyers may qualify too - depending on the program and county.

🏆 Why Use Idaho Housing's DPA?

• 💰 Buy sooner - you don't have to wait years to save

• 💳 Keep your savings for emergencies or furniture

• 🛠️ Combine with other home loan programs

• 🧭 Backed by a trusted Idaho agency

As the #1 mortgage broker in Idaho for Idaho Housing loans, 1st Choice Mortgage helps more families take advantage of these programs than anyone else.

🏘️ Do You Qualify?

Eligibility depends on a few things:

• Income limits (based on household size and county)

• Purchase price limits

• First-time or repeat buyer status

• Credit history and debt-to-income ratio

Not sure if you qualify? We can help you check in just a few minutes.

🔐 Don't Wait - Funds Can Run Out

Idaho Housing allocates a set amount for its bond programs, which includes down payment assistance. Once it's gone, buyers may have to wait months for another round of funding.

If you're ready to buy - or even just starting the process - now is the time to get pre-qualified and lock in your spot.

📞 Ready to Get Started?

Let 1st Choice Mortgage guide you through the process. We've been Idaho's trusted resource for over 25 years, and we'll help you:

• Understand your options

• Check your eligibility

• Apply for down payment assistance

• Get into your home - with confidence

📞 Call (208) 375-LOAN or contact us online today!