Down Payment and closing
cost Assistance!

Get into a Home Today!  Some programs have limited amounts
of funds each year and when they are gone,
they are gone! 

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Down Payment Assistance Video for Home Loans

Down Payment Assistance | Closing Cost Assistance

1st Choice Mortgage and Idaho Housing offers closing cost assistance and down payment assistance to homebuyers in the State of Idaho!  For qualified borrowers, these products can reduct the amount of cash needed to bring to closing for home buyers.  Check out the down payment assistance and closing costs assistance programs below and give us a call today!

First Plus: Gift Program

  • Provides up to $2000 Gift towards Down Payment
  • Utilize First Plus 2nd Program for 100% Financing
  • 1st Time Home Buyer
  • 2nd Time Home Buyer
  • Second Mortgage
  • Use with FHA
  • Use with Rural Development
  • Minimum FICO: 620
  • Minimum Borrower needs for Closing: $500
     

*Income Restrictions. See Below.

 

First Plus: 2nd Mortgage

  • Provides up to 2.5%, Low Interest Rate
  • 2nd Mortgage for Down Payment
  • 1st Time Home Buyer
  • 2nd Time Home Buyer
  • Is a Second Mortgage: Yes
  • Use with FHA
  • Use with Conventional
  • Use with Rural Development
  • Minimum FICO: 640.
  • Minimum Borrower needs for Closing: .50% of Loan Amount

*Income Restrictions. See Below.

 

Good Reward: 2nd Mortgage

  • Provides up to 2.5%, Low Interest Rate
  • 2nd Mortgage for Down Payment
  • 1st Time Home Buyer
  • 2nd Time Home Buyer
  • Is a Second Mortgage: Yes
  • Use with FHA
  • Use with Conventional
  • Use with Rural Development
  • Minimum FICO: 680
  • Minimum Borrower needs for Closing: .50% of Loan Amount

*Income Restrictions. < $90,000 Household Income.

 

 

FHA DPA Grant

  • Provides up to 2.0% Forgivable Grant
  • 1st Time Home Buyer
    ​OR
  • Total income equal or less than 140% Median Area Income
    OR
  • First Responder, Teacher, Medical Personal, Military 
  • Use with FHA Mortgage.
  • Minimum FICO: 580
  • Seller Concessions up to 6% towards closing costs allowed.
  • Debt to Income Ratio up to 48.99%.
  • Completely Forgivable after 6 on time payments.
  • CLICK HERE for Flyer

Home DPACC
(Temporarily Suspended)

  • Provides minimum $1000.
  • Maximum $14,999 or 10% of purchase price.
  • Silent 2nd for Downpayment or Closing Costs (No Monthly Payments)
  • 1st Time Home Buyer
  • 2nd Time Home Buyer
  • Is a Second Mortgage: Silent
  • Use with FHA
  • Use with Conventional
  • Use with Rural Development
  • Minimum FICO: 620
  • Minimum Borrower needs for Closing: $500
  • More Info Click Here

*Income Restrictions. See Below.

 

Boise City 2nd Mortgage

  • City of Boise Provides up to $35,000 or 25% for Down Payment**
  • 1st Time Home Buyer In Boise
  • 2nd Time Home Buyer In Boise
  • Is a Second Mortgage: Yes
  • Use with FHA
  • Use with Conventional
  • Minimum FICO: 620
  • Minimum Borrower needs for Closing: $500
  • More Information Click Here



     

*Income Restrictions. See Below.
** Must live in City of Boise borders.

 

 


 

Income
Guidelines
(IHA updated 04/24/2018)
(Boise City update 01/01/2018)

Family Size: 1

IHA Gift/First Plus (ADA):
$70,300
IHA Gift/First Plus (Canyon):
$84,360

City of Boise/Home DPACC:
$33,600

 

Family Size: 2

IHA Gift/First Plus (ADA): 
$70,300
IHA Gift/First Plus (Canyon): 
$84,360
City of Boise/Home DPACC: 
$33,400

 

Family Size: 3

IHA Gift/First Plus (ADA): 
$80,845
IHA Gift/First Plus (Canyon): 
$98,420
City of Boise/Home DPACC: 
$43,200

 

Family Size: 4

IHA Gift/First Plus (ADA):
$80,845
IHA Gift/First Plus (Canyon): 
$98,420
City of Boise/Home DPACC: 
$48,000

 

Family Size: 5

IHA Gift/First Plus (ADA): 
$80,845
IHA Gift/First Plus (Canyon): 
$98,420
City of Boise/Home DPACC: 
$51,850

 

Family Size: 6

IHA Gift/First Plus (ADA): 
$80,845
IHA Gift/First Plus (Canyon): 
$98,420
City of Boise/Home DPACC: 
$55,700

 

Family Size: 7

IHA Gift/First Plus (ADA): 
$80,845
IHA Gift/First Plus (Canyon): 
$98,420
City of Boise/Home DPACC: 
$59,550

 

Family Size: 8

IHA Gift/First Plus (ADA): 
$80,845
IHA Gift/First Plus (Canyon): 
$98,420
City of Boise/Home DPACC: 
$63,400

 

Guidelines & Income limits subject to change at any time, Call TODAY for complete details and restrictions.

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