First-Time Home Owner Program

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

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.