Funds AvailableStatewideSecond Mortgage
IHFA First Loan + DPA Combo
Idaho Housing and Finance Association (IHFA)
$56,000
Maximum Assistance
120%
AMI Income Limit
Program Summary
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.
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)
Buyer Contribution
You must contribute at least $500 of your own funds
Homebuyer Education
Completion of a HUD-approved homebuyer education course is required
How to Apply
- 1Complete Finally Home!® education if using IHFA DPA or if required by AUS.
- 2Choose an IHFA-approved lender from the directory.
- 3Get pre-approved for the IHFA first loan product that fits your scenario.
- 4Apply for the 15-year DPCC second mortgage (up to 8%) simultaneously.
- 5Your lender packages both loans together at closing.
Required Documents
- Finally Home! education certificate
- Income verification
- Credit report (typically 620+ for FHA, 640+ for First Loan)
- Purchase contract