IHFA Announces Changes to Their Good Credit Rewards 2nd Program

IHFA - GCR 2nd ChangesAs announced in their November 18, 2013 memo, the Idaho Housing Finance Association (IHFA) has made changes to their Good Credit Rewards (GCR) 2nd down payment assistance loan program. The changes apply to the GCR term, maximum amount, and how liquid assets are addressed for borrowers 62 years or older. These changes went into effect on December 2, 2013.

Also, the IHFA is issuing a reminder that “Income limits for FHA loans that have the Good Credit Rewards 2nd down payment assistance loans…were recently changed.” Learn more at http://bit.ly/1cBe8Td.

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