These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders, fill out this form here and I will connect you with one.

Idaho

Hey there! If you're thinking of buying a home for the first time, and haven't saved up for a down payment, you still might be able to get it done.

Before I jump into the programs, let me briefly explain how down payment assistance works.

How it works

Down payment assistance comes in two forms: a grant, or a loan

A grant doesn't require repayment.

A loan does require repayment, but there are 3 different ways:

Monthly repayment. This is where they charge you interest and a monthly payment until the loan is paid off

Silent second. This is where they don't charge you interest, they don't charge you monthly payments, they just require that you pay it back when you sell the home.

Forgivable. This is where they forgive the loan as long as you meet certain criteria. A common requirement is that you live in the home as your primary residence for a set number of years. Once you've completed the timeframe, they forgive your loan and you don't need to pay it.

Approved lenders only

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.

Now that we have that out of the way, let's jump in! Below are the local programs available to help make homeownership more accessible.

Idaho Housing and Finance Association (IHFA) Down Payment Assistance

• What It Offers: Provides up to 7% of the home’s purchase price in down payment and closing cost assistance.
• Who Qualifies: First-time and repeat homebuyers who meet income and credit requirements.
• Income Limits: Varies by county and household size.
• Repayment: Some assistance options are forgivable, while others require repayment.

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders, fill out this form here and I will connect you with one.

City of Boise

• Homeownership Opportunity Program (HOP)
  • Assistance: Offers financial assistance for down payment and/or closing costs to eligible low- to moderate-income families purchasing homes within Boise city limits.
  • Eligibility: Applicants must meet income guidelines as determined by the U.S. Department of Housing and Urban Development (HUD).

City of Nampa

• Homeownership Assistance Program
  • Assistance: Provides assistance to eligible homebuyers for down payment and closing costs.
  • Eligibility: Applicants must meet income requirements and other criteria.

LEAP Housing

• LEAP Housing Trust and LEAP Loan Fund
  • Assistance: Provides affordable housing through down payment assistance and low-interest loans to ensure buyers do not spend more than 35% of their income on housing.
  • Eligibility: Applicants must meet specific income requirements and other criteria.

Autumn Gold

• Homeownership Program
  • Assistance: Offers down payment and closing cost assistance to qualified participants for purchasing newly renovated or newly constructed homes.
  • Eligibility: Applicants must meet income requirements and other criteria.

Note: Program availability, eligibility criteria, and assistance amounts can change. It's recommended to contact the respective program administrators directly to obtain the most current information and application procedures.

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders, fill out this form here and I will connect you with one.