Are you thinking of buying your first home in Idaho? Would you like a free gift of money to help you purchase that first home? Unfortunately, the state of Idaho does not provide free grant money for its residents who are first time home buyers and need help with the down payment and closing costs as some other states do. However, there is still Federal Grant money available as well as grants from private foundations. This is free money that shouldn’t be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about the grant programs that are available to the people of Idaho.
Grants Available In Idaho
Shopping for a home is one of the most exciting times in anyone’s life. At Idaho Housing, they’re here to help creditworthy Idahoans get a great deal on a loan or refinance. They offer some of the lowest interest rates in the state. And that’s not all. Only Idaho housing offers grants for Idahoans and all of these money-saving programs:
Down payment and closing cost assistance
Homebuyer tax credits
Products with low or no mortgage insurance
Lowest 100% financing rate in Idaho
FREE housing counseling statewide
Here is the contact info for Idaho Housing and Finance Association:
Home Partnership Foundation
PO Box 7899
565 W. Myrtle
Boise, ID 83707-1899
Phone: 208-424-7010
Toll-Free: 1-800-219-2286
Grant Programs:
Phone: 208-331-4881
Toll-free: 1-877-447-2687
email: grantprograms@ihfa.org
Federal Grants
Besides the state programs, there are federal funds and grants available to home buyers in Idaho through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you’ll find complete grant information, application forms, description of available funds, as well as many other helpful tools.
Every potential home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has a complete list of all grant programs available through the United States Federal Government: Grants.gov. First time home buyers should plan to spend the required time investigating to determine how many individual grants they may qualify for. You can visit the website by going to Grants.gov and doing a simple search for here.
Other Grants for Idaho Residents
In addition to the grant programs described above, the U.S. Department of Housing and Urban Development provides home buyer assistance and grants in every state. There are multiple grant programs designed specifically for people that meet certain requirements, such as grants for people with disabilities so they can continue to live independently at home. It is worth visiting HUD’s website to see what assistance is currently available. For your convenience, simply go to this website.
Here is the contact information for the HUD office in Idaho:
Boise Field Office
800 Park Boulevard
Suite 220
Boise, ID 83712-7743
Phone: (208) 334-1990
Fax: (208) 334-9648
There are also these local programs:
Boise/Ada County Assisted Home Ownership Program (AHOP) (208) 345-4907
Idaho Neighborhood Housing Service of Boise Community Development Financial Institution (CDFI) (208) 343-4065
Idaho Neighborhood Housing Services of Boise, NRC Pilot Grant (208) 343-4065
Pocatello Neighborhood Housing Services Home Ownership Program (HOP) (208) 232-9468
