Down Payment Assistance Programs in Idaho (2026 Guide)

# Down Payment Assistance Programs in Idaho (2026 Guide) Saving for a down payment is one of the biggest hurdles for first-time home buyers. Fortunately, Idaho offers 2 assistance programs that can help you achieve homeownership sooner than you thought possible. ## Idaho Housing Agency All state DPA programs are administered by Idaho Housing and Finance Association (IHFA). **Contact Information:** - Website: [https://www.idahohousing.com](https://www.idahohousing.com) - Phone: 208-331-4882 ## Available Programs Idaho offers 2 major down payment assistance programs: ### Idaho Housing First Loan | Feature | Details | |---------|---------| | Maximum Assistance | Up to 6% of purchase price | | Program Type | Second Mortgage | | Description | 0% interest second mortgage. Competitive first mortgage rates. | ### Second Mortgage Assistance | Feature | Details | |---------|---------| | Maximum Assistance | Up to $15,000 | | Program Type | Forgivable Loan | | Description | Forgivable after 5-10 years depending on income level. | ## How to Apply ### Step 1: Check Your Eligibility Most programs require: - First-time homebuyer status (no home ownership in past 3 years) - Income at or below program limits - Minimum credit score (usually 620-640) - Home price within program limits ### Step 2: Complete Homebuyer Education All IHFA programs require completion of a HUD-approved homebuyer education course. This prepares you for the responsibilities of homeownership. ### Step 3: Work with an Approved Lender IHFA maintains a list of approved lenders trained in their programs. These lenders can help you combine DPA with your mortgage. ### Step 4: Find Your Home Once pre-approved, work with a real estate agent to find a home within program price limits. ## Combining with Your Mortgage Down payment assistance can be layered with various loan types: | Loan Type | Min Down | With IHFA DPA | |-----------|----------|--------------------------| | FHA | 3.5% | DPA covers most or all | | Conventional | 3-5% | DPA covers most or all | | VA | 0% | DPA for closing costs | | USDA | 0% | DPA for closing costs | ## Real Cost Savings With Idaho's median home price of $471,000: | Scenario | Down Payment Needed | With Max DPA | |----------|--------------------|--------------| | FHA (3.5%) | $16,485 | Potentially $0 | | Conventional (5%) | $23,550 | Significantly reduced | | Conventional (20%) | $94,200 | Reduced by DPA amount | ## Conclusion Don't let down payment concerns keep you from homeownership. Idaho's DPA programs have helped thousands of first-time buyers achieve their dream. Contact IHFA today to learn which programs you qualify for. Use our [Idaho Mortgage Calculator](/mortgage-calculator/idaho) to see how DPA affects your monthly payment. --- *Source: Idaho Housing and Finance Association. Program details subject to change. Contact IHFA for current requirements.*