Congratulations! The pride of home ownership is the American Dream. Purchasing your first home should be an exciting time of your life. As you browse through this page, it is important to pay particular attention to the process leading up to your purchase. The first step as my duty to you is to introduce you to a qualified home loan specialist. The mortgage consultant will allow you the buyer, to understand what you can afford. After the qualification is complete, we can begin to search for your home. Certain loans will require the buyers to complete “Home Buyer Education” classes. These classes make you an informed buyer 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. | Idaho Housing and Finance Association | |
| 565 W. Myrtle P.O. Box 7899 | (208) 331-4882 Phone | | Boise, ID 83707-1899 | (208) 331-4802 Fax |
Please visit our IdaMortgage.com Web site. This online lending system and referral center for home buyers includes information about IHFA's smart home loan choices: below-market-rate financing, down payment assistance grants of up to $10,000 for first-time home buyers, and our "No IRS Recapture" guarantee. The Web site also features information about a variety of statewide housing resources, including home buyer education classes and free housing counseling services. You can now pre-qualify online for an IHFA home loan by completing our Initial Online Application at www.IdaMortgage.com or www.ihfa.org. If you are not already working with a lender, you may complete our online application will have the opportunity to receive a referral to a local loan officer who will continue their application process for an IHFA or market-rate loan. |