IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers
The IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers is a great way for individuals to get 100% financing on the purchase of a home. This is a great way for First-Time Homebuyers to utilize their $8,000 tax credit they will receive from the government for purchasing a home in 2009 before December 1st. Below our some of the guidelines associated with the loan.
Key Features
- Must be a First-Time Homebuyer
- Must have a FICO Score no less than 640 and a total debt ratio of no more than 45%
- The loan will accrue interest at 3% with a due date of July 1, 2010
- Loan offered in the amount not to exceed 5% of the sales price or $7,000
- Homebuyer education is required
If you have any questions about the IHFA Tax Credit 2nd loan for Idaho First-Time Homebuyers don’t hesitate to give me a call or email me.
Andy Radke
Mortgage West
Mortgage Consultant
Direct: 208-859-5825
LoanswithAndy@gmail.com
Top 5 Boise Idaho Mortgage Links/Articles/Questions
1. Can I Use My $8,000 First-Time Home Buyer Tax Credit as a down payment in Idaho?
2. Idaho USDA Rural Development (RD) Zero Down 100% Financing loans
3. Boise, Idaho $8,000 First-Time Home Buyer Tax Credit
4. Idaho Housing and Finance Association Zero Down 100% Financing for First-Time Home Buyers
5. Idaho FHA Reverse Mortgage
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[...] association (IHFA) has several programs that allow you to get 100% financing. They even have a Tax Credit 2nd loan that will allow you to take out a loan not to exceed 5% or $7,000 of the sales price. This tax [...]