First Time Homebuyer Programs in Idaho
Page 2

Among all of its first time homebuyer programs, the most notable are the following:

a) HOME Down Payment Closing Cost (DPCC) Assistance - This program is a zero percent interest, deferred loan that is available for borrowers with total household income of less than 80% of area median income. The borrowers can procure assistance ranging from $1,000 to a maximum of 3.5% of the purchase price, not to exceed $8,000.

b) Good Credit Rewards Down Payment and Closing Costs Assistance Program - This first time homebuyer program is especially intended for first time homebuyers whose household income are less than 140% of area median income. The program must be used in conjunction with an IdaMortgage product and is payable for up to 30 years with a fixed-interest rate.

c) Neighborhood Stabilization Program (NSP1) Program - This program was created as a result of the funds received by the State of Idaho in the amount of $19.6 million from the 2008 Housing & Economic Recovery Act to distribute toward the acquisition and rehabilitation of foreclosed or abandoned property in targeted areas throughout the state.

First Time Homebuyer Programs in Idaho
  Back to Page 1

About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on grants for youth programs and home improvement grants.

Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in California
The programs of CalHFA are constantly guided by its overall agency mission which is to "finance below market rate loans to create safe, decent and affordable rental housing and to assist first-time homebuyers in achieving the dream of homeownership."

---

Urban Rehabilitation Homeownership Program for Homebuyers in Connecticut
The Connecticut Housing Finance Authority, otherwise known as CHFA, is an independent quasi-public housing agency operating within the State of Connecticut that was established in 1969 in an effort to lessen or alleviate the hurdles regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.

---

State of New York Mortgage Agency
The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.

---

Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency, more commonly referred to as PHFA, is an independent agency that was established in the year 1972 in an effort to contribute to the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

---