Idaho First-Time Home Buyer Programs of 2021
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If buying a first home feels like a stretch, you might benefit from a first-time home buyer program offered nationally or within the state of Idaho. A variety of loan and grant programs are available to put homeownership within reach for residents of the Gem State.
National first-time home buyer programs
Offered by most lenders, these nationally available loans have low down payment requirements, which makes qualifying easier for many first-time buyers.
Conventional mortgage
Best for:
Low down payments, limited mortgage insurance premiums
What you need to know:
A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government. Conventional mortgages that conform to the requirements set forth by Fannie Mae and Freddie Mac allow down payments as low as 3% for first-time buyers or lower-income home buyers. Unlike FHA loans, conventional loans allow borrowers to eventually cancel their mortgage insurance or avoid mortgage insurance altogether if they put at least 20% down.
Mortgage loans from our partners
on New American Funding
on New American Funding
Mortgage loans from our partners
on New American Funding
on New American Funding