The Idaho Housing and Finance Association (IHFA) have launched a new program to make home ownership a reality through its IdaMortgage program. The new Affordable Advantage Loan offers a down payment as low as $1,000, and has no mortgage insurance requirement, saving qualified borrowers money on the mortgage payment every month.

“This IHFA exclusive financing option is a great tool for home buyers as the housing market in Idaho continues its recovery,” said Gerald Hunter, IHFA president and executive director. “It offers another affordable lending option for low- to moderate-income home buyers across the state.”

Affordable Advantage Loan
Features of the Affordable Advantage Loan include:
• As little as $1,000 needed from borrower to close
• A low-cost, 30-year fixed interest rate
• No mortgage insurance required, reducing a borrower’s monthly payment
• Financing to first-time home buyers (including those who have not owned a home in the past three years) with good credit histories
• Income limits apply
• Loans are serviced in Idaho by IHFA

Help your clients check their eligibility for an IdaMortgage loan by visiting www.IdaMortgage.com

Great for first time Home buyers!

Rate are at historic lows right now!

Selection is great…a fantastic time to buy!