DPCC now up to 10% of Sales Price
Great News! In the interest of helping more homebuyers with affordability, Idaho Housing has updated our down payment closing cost assistance programs.
Effective 04/22/2022 we are offering up to 7% of the sales price using the down payment assistance program, amortizing Second Mortgage. It is a 15-year fixed with interest 2% above the 1st loan rate. Along with the lower credit score we recently approved for DPCC of 620, this will assist more homebuyers in qualifying for a loan.
The forgivable loan can now be used as a 3rd mortgage, behind the second mortgage amortizing loan, as an additional program to help only first-time homebuyers, by offering up to another 3% in DPCC for a total of 10% DPCC
