Reduce the up-front cash needed to purchase your home with one of these products

Second Mortgage

• Can be used for down payment and closing cost assistance
• Maximum amount is 7% based on the lesser of the sales price or appraised value
• Fixed rate of 7% over 15 years with low monthly payments
• Income limits will apply up to $150,000
• Finally Home!® Homebuyer Education is required. Only one certificate is required per loan
• Borrower must contribute at least 0.5% of the sales price of their own funds into the transaction

Forgivable Loans

• Can be used for down payment and closing cost assistance
• Maximum amount is 3% based on the lesser of the sales price or appraised value. Tiered forgiveness of 10% each year and fully forgivable at the end of year 10
• A lien will be placed on the property
• Borrower must contribute at least 0.5% of the sales price of their own funds into the transaction
• Finally Home!® Homebuyer Education is required. Only one certificate is required per loan

Don’t forget these additional benefits

Make buying your home a more affordable and successful experience with the following programs and services available through Idaho Housing:

• Finally Home!® Homebuyer Education offered statewide and online at finallyhome.org
• Low-MI loan options
• Free housing advice
• Excellent customer service
• Loans always serviced in Idaho