Idaho Housing and Finance Association (IHFA)
State Housing Agency
Idaho Housing and Finance Association (IHFA) programs and services include home loans, rental assistance, and homebuyer education. IHFA's down payment assistance program is a popular option, providing eligible homebuyers a either a forgivable loan with no interest and no monthly payments, or a second mortgage with more assistance available. They also offer other programs to make homeownership more accessible, including a mortgage credit certificate and below market interest rate programs.
First Mortgage Programs Offered by Idaho Housing and Finance Association (IHFA)
IHFA FHA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
FHA program for Idaho residents with competitive interest rates and down payment assistance options.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
IHFA VA Purchase Loan
Best For: First Time Homebuyers, Low Down Payments
VA program for Idaho residents with competitive interest rates and up to 2% in credits toward costs.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA RD Purchase Loan
Best For: First Time Homebuyers, Zero Down
RD rural development loan program for Idaho residents with competitive interest rates and down payment assistance options.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA Conventional HFA Low Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for low income Idaho repeat homebuyers that can be paired with down payment assistance of up to 7% of the purchase price.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA Conventional HFA Median Income
Best For: First Time Homebuyers, Low Down Payments
Conventional option for Idaho repeat homebuyers that can be paired with down payment assistance of up to 7% of the purchase price.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA First Loan FHA
Best For: First Time Homebuyers, Low Down Payments
FHA program for Idaho first time homebuyers with competitive interest rates and down payment assistance options.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
IHFA First Loan RD
Best For: First Time Homebuyers, Zero Down
RD rural development loan program for Idaho first time homebuyers with competitive interest rates and down payment assistance options.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA First Loan VA
Best For: First Time Homebuyers, Low Down Payments
VA program for Idaho first time homebuyers with competitive interest rates and up to 2% in credits toward costs.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA Conventional Purchase Only
Best For: First Time Homebuyers, Low Down Payments
Alternative Conventional purchase option from the IHFA for Idaho first time or repeat homebuyers with competitive interest rates.
Min. Credit Score
620
Min. Down Payment
5%
Max. Loan Amount
$726,200
IHFA Tax-Exempt Conventional Low Income
Best For: First Time Homebuyers, Lowest Rates
Conventional tax-exempt mortgage option with below market interest rates and assistance options for Idaho first time homebuyers.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA Tax-Exempt Conventional Median Income
Best For: First Time Homebuyers, Lowest Rates
Conventional tax-exempt option with below market interest rates and assistance options for Idaho first time homebuyers with incomes above 80% AMI.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA Tax-Exempt FHA Loan
Best For: First Time Homebuyers, Lowest Rates
Tax-exempt FHA program for Idaho first time homebuyers with below market interest rates and down payment assistance options.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
IHFA Tax-Exempt VA Loan
Best For: First Time Homebuyers, Lowest Rates
VA program for Idaho first time homebuyers with below market interest rates and up to 2% in credits toward costs.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA Tax-Exempt RD Loan
Best For: First Time Homebuyers, Lowest Rates, Zero Down
Tax-Exempt RD rural development loan program for Idaho first time homebuyers with below market interest rates and down payment assistance options.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA Tax-Exempt Conventional Targeted Low Income
Best For: First Time Homebuyers, Lowest Rates
Conventional tax-exempt mortgage option with below market interest rates and assistance options for targeted Idaho Counties.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA Tax-Exempt Conventional Targeted Med Income
Best For: First Time Homebuyers, Lowest Rates
Conventional tax-exempt option with below market rates and assistance options for homebuyers with incomes above 80% AMI in targeted Idaho Counties.
Min. Credit Score
620
Min. Down Payment
3%
Max. Loan Amount
$726,200
IHFA Tax-Exempt FHA Targeted
Best For: First Time Homebuyers, Lowest Rates
Tax-exempt FHA program for Idaho homebuyers in targeted Idaho Counties with below market interest rates and down payment assistance options.
Min. Credit Score
580
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
IHFA Tax-Exempt VA Targeted
Best For: First Time Homebuyers, Lowest Rates
VA program from IHFA for homebuyers in targeted Idaho Counties with below market interest rates and up to 2% in credits toward costs.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$726,200
IHFA Tax-Exempt RD Targeted
Best For: First Time Homebuyers, Lowest Rates, Zero Down
Tax-Exempt RD rural development loan program for targeted Idaho Counties with below market interest rates and down payment assistance options.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$726,200
Second Mortgage Programs Offered by Idaho Housing and Finance Association (IHFA)
IHFA Forgivable Loan
Best For: First Time Homebuyers, Zero Down
The Idaho Housing Forgivable Loan provides up to 3% down payment and closing cost assistance for your Idaho home purchase.
Min. Credit Score
620
Min. Down Payment
0.5%
Max. Loan Amount
$726,200
Up to 3.00% of 1st Loan Amount Program Benefit Amount
IHFA Second Mortgage
Best For: First Time Homebuyers, Zero Down
The Idaho Housing Second Mortgage provides up to 7% down payment and closing cost assistance for your Idaho home purchase.
Min. Credit Score
620
Min. Down Payment
0.5%
Max. Loan Amount
$726,200
Up to 7.00% of 1st Loan Amount Program Benefit Amount
IHFA Forgivable + Second Mortgage Combo
Best For: First Time Homebuyers, Zero Down
The Idaho Housing Forgivable Loan and Second Mortgage Combo provides up to 10% down payment and closing cost assistance for your Idaho home purchase.
Min. Credit Score
620
Min. Down Payment
0.5%
Max. Loan Amount
$726,200
Up to 10.00% of 1st Loan Amount Program Benefit Amount
See If You Qualify for Idaho Housing and Finance Association (IHFA) Loans
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