AssistanceStatewideFunds Available
IHFA HFA Preferred / Conventional
Idaho Housing and Finance Association (IHFA)
Up to
$56,000
Assistance
Assistance
Area
Statewide
Buyers
First-time & repeat buyers
Income
Up to $170,000 household income
What This Program Offers
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.
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
Your contribution
You must contribute at least $500 of your own funds
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
Complete Finally Home!® education if using IHFA DPA or if required by AUS.
- 2
Work with an IHFA-approved lender on HFA Preferred or HFA Advantage.
- 3
Get AUS approval (DU for Fannie, LPA for Freddie).
- 4
Add the 15-year DPCC second mortgage (up to 8%) if desired.
- 5
Close with both loans packaged together.
Documents you'll need
- Credit report (680+ recommended)
- Income verification
- Finally Home! certificate
Program Contact
IHFA-approved lenders · Program questions: resloan@ihfa.org
IHFA Program DetailsLast verified: 2026-05-26