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The Boise Idaho Down Payment Closing Cost (DPCC) Assistance Mortgage For Idaho First Time Home Buyers is a zero percent interest, due on sale or non-occupancy, deferred loan program available for borrowers with total household income of less than 80% of area median income. The guidelines for this program are below:

- Assistance to borrowers can range from a minimum of $1,000 to a maximum of 3% of the purchase price, not to exceed $8,000.

- Assistance level is based on borrower’s need and household area median income (AMI). Click here to view HOME DPCC, IHFA down payment assistance income limits for 80% of AMI.

- No interest, no payment loan, which becomes due upon sale of the property or if the home is not occupied by the homeowner.

- Must be a Idaho first-time homebuyer with exceptions for displaced homemakers or single parents with custody of children.

- Borrower minimum investment of $500 with no cash out at closing.

- Property must have been previously vacant or owner-occupied.

- Voluntary Sales Disclosure must be signed by the seller on or before the date they sign the Purchase Agreement.

- Finally Home!® Homebuyer Education required.

If you are a Idaho first time home buyer and you have questions about this program feel free to contact 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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