New IFHA Financing Option | Affordable Advantage Loan

Posted by Jace Stolfo on Monday, June 14th, 2010 at 11:56am.

There's a new program by the Idaho Housing & Finance Association (IHFA) through its IdaMortgage loan program.  The Affordable Advantage Loan is designed for first-time home-buyers and has the following key features:

- First-time home-buyer

- No private mortgage insurance required

- Owner occupied

- Check the income limits chart for qualifications

- No sales price limits

- Minimum borrower contribution $1000

- Borrower must complete Home-Buyer's Education class

- Up to 100% Loan to Value for home-buyers with credit scores of 680 or higher

- Up to 97% Loan to Value for home-buyers with credit scores of 660 or higher You can contact a local IHFA Lender here to determine your eligibility.

The  above information is not guaranteed & is subject to change without notice.  Please visit the www.Idamortgage.com website for more details and the latest information.

Share this Article with a Friend.