First-Time Home Buyers in Idaho

Learn about first-time home buyer programs & the path to owning your dream home.

In order to encourage more people to enter the real estate market, first-time homebuyers in Idaho have access to unique programs, tax breaks, and lower down payment requirements than conventional loans. Even borrowers who have owned a home in the past may still be eligible for these programs. All the programs are designed to make it easier for first-time homebuyers to afford to purchase a house.

Home loan options for first-time homebuyers

Conventional loan - 3% down payment minimum and no private mortgage insurance with 20% equity in the home
FHA loan - Lower down payment requirements and flexible credit requirements
VA loan - No down payment loan for former and current military members and spouses
USDA loan - No down payment loan for properties in rural areas
Construction loan - one-time land and construction loan to build a new home
Renovation loan - For buying and renovating a fixer-upper home
State and local first-time homebuyer program - Assistance for residents