The Good Credit Rewards Program through Idaho Housing offers a 2nd mortgage for your down payment.
Income limits apply since it’s through IHFA.
Fixed 30 year loan program – NO balloon payment, ARM, rate adjustment, etc.
Borrowers must contribute $500 towards the transaction of their own funds (can be gift funds from a family member)
Borrowers can’t have more than 3 month payments in liquid assets at the time of closing as this loan is based on need.
Borrower must take IHA’s First Time homebuyer class (this can be done online for $50 per person).
If you are interested in this type of loan and want to be prequalified, please let me know. I will be happy to refer you to a qualified and reputable lender that can help.