Idaho Housing Second Mortgage
The first option is a second mortgage with a fixed interest rate of up to 7% of the home’s purchase price, which will cover the majority of your down payment and closing costs. You will pay back this loan over 15 years with a fixed monthly payment and a 2% interest rate.
To receive this assistance, you need to be a first-time home buyer. You must contribute at least 0.5% of the sale price from your own funds, and your income cannot exceed $150,000.