Changes to the IHFA’s Down Payment Assistance Program Pricing Effective July 1, 2014

The Idaho Housing and Finance Association (IHFA) announced changes to their down payment assistance program (DPA) pricing that will take effect July 1, 2014. The first DPA pricing change requires borrowers to pay 0.5% of the sales price with their own funds if they are using the Advantage FHA/VA/RD or Preferred Lo MI programs. The second DPA pricing change limits the down payment for a HFA Preferred Lo-MI loan product to 3%. Finally, the IHFA’s First loan product will remain unchanged and will still allow 100% financing. To learn more about IHFA’s loan products and down payment assistance program qualifications, visit http://bit.ly/1i1UGDq.

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