Funds AvailableStatewideSecond Mortgage
Idaho Heroes 15 Year Second Mortgage
Idaho Housing and Finance Association (IHFA)
$56,000
Maximum Assistance
120%
AMI Income Limit
Program Summary
Purchase-only 15-year fixed second mortgage for nurses, teachers, and first responders (firefighters, police, paramedics, and EMTs). Up to 8% of the lesser of sales price or appraised value. Interest rate = first mortgage rate plus 2.00%. $500 borrower contribution waived. First mortgage DPA rate add-on waived. Finally Home!® education required. Household income up to $170,000.
Eligibility Requirements
Location
Available statewide in Idaho
Buyer Type
Open to all buyers (first-time and repeat)
Income Limit
Household income must not exceed 120% AMI for Ada County:
| Household | 120% AMI Limit |
|---|---|
| 1 person | $89,926 |
| 2 people | $102,750 |
| 3 people | $115,576 |
| 4 people | $128,400 |
Showing sizes 1-4. See all household sizes
Ada County • FY 2025 HUD Income Limits
Primary Residence
Must be your primary residence (not investment property)
Homebuyer Education
Completion of a HUD-approved homebuyer education course is required
How to Apply
- 1Confirm you qualify as a nurse, teacher, or first responder.
- 2Complete Finally Home!® homebuyer education.
- 3Work with an IHFA-approved lender and request the Idaho Heroes second mortgage.
- 4No $500 minimum contribution required for eligible heroes.
- 5Receive up to 8% assistance at closing on eligible purchase transactions.
Required Documents
- Employment verification (nurse, teacher, or first responder)
- Finally Home!® education certificate
- Income verification (household income ≤ $170,000)
- IHFA first mortgage pre-approval
Contact Information
Available through IHFA-approved lenders
IHFA Program DetailsLast verified: 2026-05-26