Escrow Analysis and Year-End
Statements
 Borrowers receive two statements from IHFA
each year. One is a Year-End Statement that lists the amounts
applied as interest, taxes, insurance and principal paid on the
mortgage balance during the prior year. This statement is mailed
in January and should be used for tax purposes.
The second statement is an Escrow Account
Disclosure Statement that details monthly payments into and out of
the borrower’s escrow account. All borrowers pay principal and
interest on their mortgage loan plus an escrow amount that IHFA
uses, on the borrower’s behalf, to pay property taxes and
insurance on the home.
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