Idaho NSP Homeownership Assistance 20% down payment assistance program is a deferred Payment Loan and is due on the sale of the property. This zero interest loan is for foreclosures only (no short sales) ! The main details for this loan are below: - Homeownership assistance provides funds for closing costs, interest write downs, and principal write downs - Home must be a foreclosure (no short sales) and the bank must be willing to discount the property by 1% from the appraised value - Borrowers income must be 120% or below area median income - NSP home ownership assistance can provide up to 20% of the sales price in assistance, not to exceed $40,000 and based on need. This loan is in the form of a zero percent (0%) deferred loan due on the sale of the property.
Continue reading...Friday, October 30, 2009
The Idaho First-Time Home Buyer HOME Down Payment assistance program provides up to $20,000 for down payment assistance. This is a No interest loan which is due on the sale of the property. This Idaho HOME Down Payment assistance program is available to Idaho First-Time Home Buyers who make less than 80% of area median income. Assistance to borrowers is based on need and can range from $1,000 to $20,000.
Continue reading...Friday, October 30, 2009
The Idaho $8,000 First-Time Home Buyer tax credit is on the verge of extension. The Idaho First-Time Home Buyer Tax Credit is set to be extended until April 30, 2010 if it passes legislation. As it stands right now the tax credit is set to expire on December 1, 2009.
Continue reading...Monday, May 18, 2009
... late 2005. The median since has fallen to $135,000, and foreclosures have soared as home loans went bad.
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Friday, October 30, 2009
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