Boise Down Payment Assistance 2026

15-year fixed-rate second mortgage up to 8% of the lesser of sales price or appraised value (within MI LTV/CLTV limits). Interest rate = first mortgage rate plus 2.00%. Toward down payment and/or closing costs. Finally Home!® homebuyer education required. Purchase transactions for the standard 15-year product. Minimum $500 of the borrower's own funds required. Open to first-time and repeat buyers. Household income up to $170,000 (exceptions on specialized First Loan Tax Exempt products). Manufactured homes allowed per agency guidelines.

IHFA first mortgage products (HFA Preferred, HFA Advantage, FHA/RD, VA, Conventional, and First Loan Tax Exempt on select purchases) paired with up to 8% DPCC second mortgage assistance. Household income up to $170,000 for standard programs. No first-time buyer requirement on FHA/RD, VA, and HFA Preferred/Advantage purchases. Manufactured homes allowed per agency guidelines on eligible products.

City of Boise deferred mortgage assistance: up to $45,000 for fee-simple properties or up to $65,000 for deed-restricted/land trust properties. Income must be 50–80% AMI. Can pay down payment, closing costs, or buy down the first mortgage. Deferred subordinate loan repaid on sale or refinance. Can stack with IHFA programs in many cases.

Treasure Valley (Ada + Canyon counties) buyers can combine IHFA 15-year DPCC assistance (up to 8% of sales price or appraised value) with local programs like Boise HOP ($45,000–$65,000 in Boise city limits). Most Treasure Valley buyers start with IHFA — the primary path for Boise, Meridian, Nampa, and Caldwell.

Fannie Mae HFA Preferred and Freddie Mac HFA Advantage purchase programs through IHFA. Up to 97% LTV. No first-time buyer requirement. Standard MI required above 80% AMI. Pair with DPCC second mortgage up to 8%. Lower rates on loan amounts $350,000 or less. AUS approval required. Manufactured homes allowed per agency guidelines.