Second MortgageStatewideFunds Available
Idaho Heroes 15 Year Second Mortgage
Idaho Housing and Finance Association (IHFA)
Up to
$56,000
Assistance
Second Mortgage
Area
Statewide
Buyers
First-time & repeat buyers
Income
Up to $170,000 household income
What This Program Offers
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.
Who Qualifies
Location
Available statewide in Idaho
Buyer type
First-time & repeat buyers
Primary residence
Must be your primary home — not an investment property
Education course
Finally Home! homebuyer education required before closing
Income limits
Household income up to $170,000 for IHFA programs
| 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
How to Apply
- 1
Confirm you qualify as a nurse, teacher, or first responder.
- 2
Complete Finally Home!® homebuyer education.
- 3
Work with an IHFA-approved lender and request the Idaho Heroes second mortgage.
- 4
No $500 minimum contribution required for eligible heroes.
- 5
Receive up to 8% assistance at closing on eligible purchase transactions.
Documents you'll need
- Employment verification (nurse, teacher, or first responder)
- Finally Home!® education certificate
- Income verification (household income ≤ $170,000)
- IHFA first mortgage pre-approval