BOISE - New, higher income limits are now in effect throughout Southwest Idaho for the Idaho Housing and Finance Association’s residential home loan program, IHFA officials announced today. The new limits, by county, establish the maximum that a family can make and still qualify for an IHFA loan. The new limits went into effect February 15. The higher income limits make it easier to qualify for an IHFA home loan, which in turn makes it easier for the average family to realize the dream of home ownership.

"For more than two decades IHFA has been committed to the ideal of home ownership, especially for Idaho’s lower-income families," said IHFA Vice President of Real Estate Lending Bob Reed. "Raising income limits for qualification is another way to open the door to those who might otherwise not be able to get into a home."

Bringing home ownership to more Idahoans has always been IHFA’s mission. Since the Association first started offering home loans in 1978, IHFA has contributed nearly $2.7 billion to make home ownership a reality for more than 45,000 Idaho families. Along with the new income limits is a list of IHFA-participating lenders in your region. Following that is a breakdown of IHFA’s contribution to home ownership in the Southwest Idaho region (Ada, Adams, Boise, Canyon, Elmore, Gem, Owyhee, Payette, Valley and Washington counties), last year and since the Association started offering home loans:

SOUTHWEST IDAHO INCOME LIMITS

IHFA PARTICIPATING LENDERS IN SOUTHWEST IDAHO:

Organization
Academy Mortgage Corporation
Action Mortgage Company
Countrywide Home Loan
D.L. Evans Bank
First Horizon Home Loans
First Mortgage Company
GMAC Mortgage
Home Federal Savings & Loan Association
Home Mortgage, Inc.
Idaho Independent Bank
Intermountain Community Bank
M & T Mortgage Corporation
Major Mortgage
Mountain West Bank
National City Mortgage
North American Mortgage
Northwest Wholesale Mortgage
Republic Mortgage
U.S. Bank, N.A.
Washington Federal Savings & Loan
Washington Mutual Bank
Washington Trust Bank
Wells Fargo Home Mortgage
Young Mortgage
Zion’s Mortgage Company 

IHFA INVESTMENT IN HOME OWNERSHIP 

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The Idaho Housing and Finance Association, a financial services and housing organization, provides funding for affordable housing in Idaho communities where they are most needed and when it is economically feasible. IHFA uses no state funds or state employees to support its operations. For more information, visit our Web site at www.ihfa.org.