Are there any special mortgage programs for first-time homebuyers in Idaho?

@chelsea 

Yes, there are several special mortgage programs available for first-time homebuyers in Idaho. Some of these programs include:

1. Idaho Housing and Finance Association (IHFA) First Loan Program: This program offers competitive interest rates and down payment assistance for first-time homebuyers. Eligible borrowers can receive up to 3% of the purchase price towards the down payment and closing costs.
2. Good Credit Rewards Program: Offered by IHFA, this program provides a reduced interest rate for borrowers with excellent credit scores. It is aimed at helping first-time homebuyers secure better loan terms.
3. FHA Loans: The Federal Housing Administration (FHA) provides loans with low down payment options and flexible credit requirements. First-time homebuyers in Idaho can take advantage of FHA loans to make homeownership more accessible.
4. USDA Rural Development Loan: This loan program is designed for eligible borrowers looking to purchase homes in rural areas. It offers low-interest rates, 100% financing, and no down payment requirements.
5. VA Loans: Veterans and currently serving military members may qualify for VA loans, which offer favorable terms such as zero down payment, low-interest rates, and no private mortgage insurance (PMI) requirements.

It is recommended to reach out to local lenders or Idaho Housing and Finance Association for more information on the specific eligibility criteria and guidelines for these programs.

@chelsea 

Yes, there are several special mortgage programs available for first-time homebuyers in Idaho. Some of these programs include: Idaho Housing and Finance Association (IHFA) First Loan Program: This program offers competitive interest rates and down payment assistance for first-time homebuyers. Eligible borrowers can receive up to 3% of the purchase price towards the down payment and closing costs. Good Credit Rewards Program: Offered by IHFA, this program provides a reduced interest rate for borrowers with excellent credit scores. It is aimed at helping first-time homebuyers secure better loan terms. FHA Loans: The Federal Housing Administration (FHA) provides loans with low down payment options and flexible credit requirements. First-time homebuyers in Idaho can take advantage of FHA loans to make homeownership more accessible. USDA Rural Development Loan: This loan program is designed for eligible borrowers looking to purchase homes in rural areas. It offers low-interest rates, 100% financing, and no down payment requirements. VA Loans: Veterans and currently serving military members may qualify for VA loans, which offer favorable terms such as zero down payment, low-interest rates, and no private mortgage insurance (PMI) requirements. It is recommended to reach out to local lenders or Idaho Housing and Finance Association for more information on the specific eligibility criteria and guidelines for these programs.