Idaho Down Payment Assistance
Prospective homebuyers in Idaho looking for down payment assistance may apply for the Chenoa Fund down payment assistance program through an approved lender. CBC Mortgage Agency offers its down payment assistance programs in the form of secondary financing for the down payment needed for an FHA loan. That amount may be either forgivable or repayable and may require a monthly payment depending on which option is selected.
In addition to down payment assistance, CBC Mortgage Agency allows its assistance to be used as closing cost assistance. Closing costs can add up quickly and can be a barrier for many first-time buyers in Idaho. Depending on the assistance selected, you can use a portion of the financial assistance towards items such as appraisal fees, title insurance, and lender fees. This can help make the home-buying process more affordable and manageable for low-to-moderate income individuals and families.
Looking for more information on down payment assistance in Idaho? Contact us today!
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