Idaho Housing and Finance Association issued its 50,000th mortgage loan recently, to Norma Baker of Boise. The milestone will be recognized in a news conference and reception at noon on Wednesday, June 2 at the IHFA headquarters in the Park Plaza building, 565 West Myrtle Street.
IHFA will award Ms. Baker $500 to use toward home maintenance or décor. In its outreach statewide, IHFA also will award $100 Home Depot gift certificates to five regional borrowers who closed loans nearest in number to Baker.
"Ms. Baker is a perfect example of Idaho Housing and Finance Association's commitment to providing and expanding home ownership opportunities throughout Idaho," said Gerald Hunter, president and executive director of IHFA.
"Norma Baker and her family are one of thousands of Idaho families who have taken advantage of IHFA's low interest rates, currently just 5.60 percent," he added.
IHFA began issuing home loans in 1978 to first-time and limited-income buyers and currently services more than 15,250 active loans. The association is involved in an array of housing and home ownership activities, including rental assistance, grant programs and home buyer education.
IHFA also offers down payment or closing cost assistance of up to $2,000, benefiting thousands of Idahoans in pursuit of the American Dream of home ownership.
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