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Idaho IHFA & USDA Rural Developement Zero Down Home Loans are two great ways for a home owner to purchase a home with 100% financing.

With the Idaho Housing & Finance association loan (IHFA) in order to qualify for a 100% financing you need to be a Idaho first time home buyer to qualify for the IHFA tax credit 2nd mortgage. A first-time home buyer is defined as someone who has not owned a home within the last three years. This 2nd mortgage uses the $8000 tax credit that the government is giving people who purchase a home in 2009 and allowing people to get financing through the tax credit 2nd mortgage IHFA has available.

If you are not an Idaho first-time home buyer you can still get 100% financing through IHFA if you have a good credit rating of atleast 700. This loan program is called the Good Credit Rewards program. Both of these programs along with all of the IHFA loans that are available have borrower income limits.

The USDA Rural Development loan is a true 100% financing. USDA loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. USDA loans have borrower income limits.

If you or anyone you know is looking to buy a home with 100% financing and have any questions about purchasing a home feel free to call or email me.

Michelle Guth
Diversified Mortgage Group
Branch Manager/Owner
Direct: 208-475-0865
Loanswithmichelle@gmail.com
ID MBL-5696 / NMLS # 36853 / 36852 / 1850
www.idahohomegroup.com

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