HOME Down Payment Closing Cost (DPCC) Assistance Program

HOME Down Payment Closing Cost (DPCC) Assistance Program Idaho borrowers with household incomes of less than 80 percent of the median price in their area can get a 0 percent interest deferred loan for Idaho down payment and closing cost assistance. Assistance ranges from $1,000 to 3.5 percent of the purchase price up to $8,000. This Idaho down payment program cannot be combined with IHFA gift programs or other IHFA second mortgage programs.

Preferred Loan Products

Preferred Loan Products This Idaho down payment program is lifted from this set of programs: the HFA Preferred Lo MI Program and the HFA Preferred Risk Share No MI Program. These two programs can be paired with the Home buyer Tax Credit Program. Within these programs, Idaho borrowers can either receive rebates (in exchange for a higher interest rate) which they can put towards the Idaho down payment, or buy Idaho down their rate to facilitate a lower monthly payment.

Advantage Loan Products

Advantage Loan Products The Advantage program contains a series of loans for different audiences (FHA/VA/RD, manufactured housing, 30, 20 and 15 year conventional loans, and FHA 203(k)) that allow Idaho borrowers who can be repeat buyers who meet income limits to either receive rebates which they can put towards the Idaho down payment or closing costs, or buy Idaho down their rate to facilitate a lower monthly payment. For the manufactured loans, the credit score requirement and interest rates are both higher.