Residential Loans
First-Time Home Buyer Program
 The
Idaho Housing and Finance Association began offering residential mortgage loans
in 1978 to assist low-to-moderate income borrowers, who are generally first-time
buyers, in purchasing homes. Since then, the Association has been opening doors
to home ownership by providing below-market interest rate loans to these
families and individuals throughout Idaho.
A
qualified borrower must be a first-time home buyer, or cannot have owned a home
during the preceding three-year period, except in certain targeted
counties. A qualified borrower’s income must also fall within IHFA guidelines.
An IHFA loan can be used to purchase a new or existing home, condominium or
manufactured home that meets FHA, VA, Rural Development or conventional
requirements, provided that the price does not exceed the established sales
price limit.
IHFA offers the traditional 30-year fixed rate home loan, and the Interest Qualifier
(I.Q.) loan. IHFA home loans are made in partnership with a network of
participating lenders located throughout Idaho. Consequently, thousands of
Idahoans have become home owners who might not have otherwise enjoyed the
benefits of the "American Dream. "
Residential Mortgage Loans Brochures:
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