Idaho · Low-interest loan

IHFA Second Mortgage (Idaho)

7% at 2% interest over 15 years

Up to 7% of purchase price. 15-year fixed at 2% interest. Covers most down payments and closing costs.

Idaho Housing and Finance Association's DPA provides up to 7% of the loan amount as a second mortgage — one of the highest percentage-based DPA programs in the Mountain West. On a $350,000 home, that's $24,500 in assistance.

The program pairs with IHFA's competitive first mortgage rates and works on FHA and conventional loans. Idaho's Boise metro area has experienced some of the fastest home price appreciation in the nation since 2020, driven by remote workers and California transplants. IHFA's DPA helps Idaho natives compete in their own housing market.

Amount7% at 2% interest over 15 years

TypeLow-interest loan

Available inIdaho

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

7% is the highest percentage second mortgage of any state HFA.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

IHFA Forgivable Loan (Idaho) 3% forgivable after 7 years

Idaho · Forgivable loan

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