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Rate Sheet General Information

  • Eligible borrowers' maximum income is $150,000 for all counties with some exceptions on specialized loans.
  • Maximum debt ratio of 50% will be required on all loan programs.
  • Minimum middle-credit score of 620 is required for all borrowers. Higher credit scores may be required for some programs.
  • Interest rates are subject to change without advance notice.
  • We have new locking guidelines. Please review them here.
  • Finally Home!®Homebuyer education is now required on all Fannie Mae Preferred Lo MI 80% AMI, Freddie Mac 50% and 80% AMI, on all loans that include DPCC assistance, and when Freddie or Fannie requires it (when both borrowers are first-time homebuyers). See specific requirements in detailed rate sheet below.
  • Click here for Homebuyer Tax Credit MCC program availability.
  • Click here for Borrower Income Limits.
  • Click here for Idaho Housing's Single-Family Income Limit Policy.

For more information, please call 855-505-4700 (ext 8600) or 208-331-4700. For program questions, please email [email protected] For lock questions, please email [email protected]

Second Mortgage (full program details)

  • 15 year fixed rate loan with interest rate of 7%.
  • Requires a minimum 620 credit score.

Forgivable Loan (full program details)

  • Only available as a standalone for borrowers with credit score below 620.
  • Risk Adjustments apply.

Rates currently closed

Idaho Heroes FNMA Lo MI 80% AMI
Interest Rate
Without Assistance Closed
With Assistance Closed
  • Idaho Heroes is available to healthcare professionals, firefighters, paramedics, law enforcement, military/veterans, teachers, and retail workers. (program details)
  • For purchase transactions only.
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • Manufactured homes are allowed per agency guidelines.
Idaho Heroes HFA Over 80% AMI
Interest Rate
Without Assistance Closed
With Assistance Closed
  • Idaho Heroes is available to healthcare professionals, firefighters, paramedics, law enforcement, military/veterans, teachers, and retail workers. (program details)
  • Fannie Mae HFA Preferred and Freddie Mac HFA Advantage allowed.
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only.
  • Standard MI required.
  • 97% maximum LTV.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • Manufactured homes are allowed per agency guidelines.
Freddie Mac 50% AMI - HFA Advantage- Purchase Only
Interest Rate
No Assist/ No Gift Closed
Without Assistance Closed
With Assistance Closed
  • Qualified Idaho Heroes program.
  • LPA approval required. No manual underwrites are allowed.
  • Must use LPA AUS for HFA Advantage.
  • A Freddie Mac Gift of 1.00% of the loan amount is included in "With Assistance" & "Without Assistance" rates. Gift can be used for down payment and/or closing cost assistance.
  • Other DPCC assistance available:
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • Purchase transactions only.
  • Borrower's income must be less than 50% of Average Median Income (AMI). Income chart.
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • No Manufactured homes are allowed.
Freddie Mac 80% AMI - HFA Advantage- Purchase Only
Interest Rate
No Assist/No Gift Closed
Without Assistance Closed
With Assistance Closed
  • Qualified Idaho Heroes program.
  • LPA approval required. No manual underwrites are allowed.
  • Must use LPA AUS for HFA Advantage.
  • A Freddie Mac Gift of .50% of the loan amount is included in "With Assistance" & "Without Assistance" rates. Gift can be used for down payment and/or closing cost assistance.
  • Other DPCC assistance available:
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • Purchase transactions only.
  • Borrower's income must be less than 80% of Average Median Income (AMI). Income chart.
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • No Manufactured homes are allowed.
Freddie Mac Over 80% AMI - HFA Advantage LLPA - Purchase Only
Interest Rate
Without Assistance Closed
With Assistance Closed
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • LPA approval required. No manual underwrites are allowed.
  • Standard MI required.
  • Must use Freddie Mac LPA AUS for HFA Advantage.
  • 97% maximum LTV.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • For Borrower's with income greater than 80% of Average Median Income (AMI). Income chart.
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • No Manufactured homes are allowed.
Fannie HFA Preferred Lo MI 80% AMI- Purchase Only
Interest Rate
Without Assistance Closed
With Assistance Closed
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • Manufactured homes are allowed per agency guidelines.
Fannie HFA Preferred Over 80% AMI- Purchase Only
Interest Rate
Without Assistance Closed
With Assistance Closed
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • Standard MI required.
  • 97% maximum LTV.
  • No first-time homebuyer requirement.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
  • Finally Home!®Homebuyer education is required if both borrowers are first-time homebuyers or they are using a DPA program. Only one certificate will be required.
  • Manufactured homes are allowed per agency guidelines.
Conventional- Purchase Only
Interest Rate
30Y 0 Closed
-0.5 Closed
-1 Closed
20Y 0 Closed
-0.5 Closed
-1 Closed
15Y 0 Closed
-0.5 Closed
-1 Closed
  • See LLPA chart for additional rate add-ons.
  • For purchase transactions only. The refinance product is available under the Refinance Only section of our ratesheet.
  • AUS approval required.
  • Manufactured Homes are allowed per agency guidelines.
Idaho Heroes FHA/RD
Interest Rate
Without Assistance Closed
With Assistance Closed
  • Idaho Heroes is available to healthcare professionals, firefighters, paramedics, law enforcement, military/veterans, teachers, and retail workers. (program details)
  • No first-time homebuyer requirement.
  • Finally Home!®Homebuyer education is required if DPA is used.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to all first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
Idaho Heroes VA
Interest Rate
Idaho Heroes Closed
+1 Closed
+2 Closed
  • Idaho Heroes is available to healthcare professionals, firefighters, paramedics, law enforcement, military/veterans, teachers, and retail workers. (program details)
  • No first-time homebuyer requirement.
  • 1% and 2% credit available.
  • Finally Home!®Homebuyer education is encouraged but not required.
  • The Homebuyer Tax Credit (MCC) is available to all first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
First Loan FHA/RD- Purchase Only
Interest Rate
Without Assistance Closed
With Assistance Closed
First Loan VA- Purchase Only
Interest Rate
0 Closed
+1 Closed
+2 Closed
FHA/RD
Interest Rate
Without Assistance Closed
With Assistance Closed
  • No first-time homebuyer requirement.
  • Finally Home!®Homebuyer education is required if DPA is used.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to all first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
VA
Interest Rate
0 Closed
+1 Closed
+2 Closed
  • No first-time homebuyer requirement.
  • 1% and 2% credit available.
  • Finally Home!®Homebuyer education is encouraged but not required.
  • The Homebuyer Tax Credit (MCC) is available to all first-time homebuyers and previous homeowners in targeted counties only. Click here for more information about the MCC program.
First Loan 203K Streamline
Interest Rate
Closed
FHA 203K Streamline
Interest Rate
Closed
  • No manufactured homes.
  • Purchase transactions only.
  • No first-time homebuyer requirement.
  • Finally Home!®Homebuyer education is required if DPA is used. Only one certificate required.
  • DPCC assistance available:
  • The Homebuyer Tax Credit (MCC) is available to eligible first-time homebuyers. It is also available to previous homeowners in targeted counties only. A previous homeowner is someone who has had an interest in a primary residence in the past three years. Click here for more information about the MCC program.
Freddie Mac 80% AMI - HFA Advantage Rate/Term Refinance
Credits/
Discount Points
Interest Rate
Without Assistance 5.000%
  • LPA approval required. No manual underwrites are allowed.
  • Must use Freddie Mac LPA AUS for HFA Advantage.
  • LPA approval required. No manual underwrites are allowed.
  • 97% maximum LTV, with lower MI.
  • No first-time homebuyer requirement.
  • For rate/term refinances only.
  • No Manufactured homes are allowed.
  • Freddie Mac Over 80% AMI - HFA Advantage LLPA Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 5.000%
    • See LLPA chart for additional rate add-ons.
    • LPA approval required. No manual underwrites are allowed.
    • Standard MI required.
    • Must use Freddie Mac LPA AUS for HFA Advantage.
    • 97% maximum LTV.
    • For rate/term refinances only.
    • No Manufactured homes are allowed.
    FHLMC Refi Possible
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 5.000%
    • Borrower income must be at or below 80% AMI.
    • 97% maximum LTV.
    • Maximum DTI 65%.
    • See LLPA chart for additional rate add-ons.
    • Standard MI required.
    • For rate/term refinances only.
    • Manufactured homes are allowed per agency guidelines.
    • See Fact Sheet for additional details.
    Fannie HFA Preferred Lo MI 80% AMI Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 5.000%
    • 97% maximum LTV, with lower MI.
    • For rate/term refinances only.
    • Manufactured homes are allowed per agency guidelines.
    Fannie HFA Preferred Over 80% AMI Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 5.125%
    • See LLPA chart for additional rate add-ons.
    • Standard MI required.
    • 97% maximum LTV.
    • For rate/term refinances only.
    • Manufactured homes are allowed per agency guidelines.
    FNMA RefiNow
    Credits/
    Discount Points
    Interest Rate
    Without Assistance 5.125%
    • Borrower income must be at or below 100% AMI.
    • 97% maximum LTV.
    • Maximum DTI 65%.
    • See LLPA chart for additional rate add-ons.
    • Standard MI required.
    • For rate/term refinances only.
    • Manufactured homes are allowed per agency guidelines.
    • See Product Matrix for additional details.
    Conventional Rate/Term Refinance
    Credits/
    Discount Points
    Interest Rate
    30Y 0 5.125%
    -0.5 5.000%
    -1 4.875%
    20Y 0 4.875%
    -0.5 4.750%
    -1 4.625%
    15Y 0 4.500%
    -0.5 4.375%
    -1 4.250%
    • See LLPA chart for additional rate add-ons.
    • AUS approval required.
    • Manufactured homes are allowed per agency guidelines.
    Conventional Cash-Out Refi
    Credits/
    Discount Points
    Interest Rate
    30Y 0 5.125%
    -0.5 5.000%
    -1 4.875%
    20Y 0 4.875%
    -0.5 4.750%
    -1 4.625%
    15Y 0 4.500%
    -0.5 4.375%
    -1 4.250%
    • See LLPA chart for additional rate add-ons.
    • AUS approval required.
    • Manufactured homes are allowed per agency guidelines.
    FHA Cash-Out Refinance
    Credits/
    Discount Points
    Interest Rate
    0 5.000%
    • Manufactured homes are allowed per agency guidelines.
    VA Cash Out
    Credits/
    Discount Points
    Interest Rate
    0 5.000%
    +1 5.250%
    +2 5.500%
    • Manufactured homes are allowed per agency guidelines.
    FHA Streamline Refi, VA Interest Rate Reduction Refi (IRRRL), USDA-RD Streamline Refi
    Credits/
    Discount Points
    Interest Rate
    0 5.000%
    +1 5.250%
    +2 5.500%
    +3 5.750%
    • Current loan does not have to be an IHFA loan.
    • Income and credit verified for non-IHFA refinances.
    • Appraisal optional.
    • Single-family dwellings only.
    • Manufactured homes are allowed per agency guidelines.
    15 Year Second Mortgage

    • This product is available for purchase transactions only.
    • 15 year fixed rate loan with interest rate of 7%
    • Requires a minimum 620 credit score.
    • Maximum amount of second mortgage is now 7% based on lesser of sales price or appraised value.
    • Not to exceed the maximum LTV / CLTV approved by mortgage insurance guidelines.
    • Finally Home! Homebuyer Education is required. Only one certificate is required per loan.
    • Borrowers must contribute at least .5% of the purchase price of their OWN funds into the transaction.
    • Documents are available on the login page and home page of Lender Connection.
    Forgivable Loan

    Forgivable Loan Terms

    • Only available as a standalone for borrowers with credit score below 620.
    • Available for purchase programs only.
    • Tiered forgiveness of 10% per year and fully forgivable at the end of year 10.
    • Any unforgiven balance will be due and payable upon sale or refinance.
    • Maximum amount of forgivable loan is 3% based on lesser of the sales price or appraised value.
    • Finally Home! Homebuyer Education is required. Only one certificate is required per loan.
    • Borrowers must contribute at least .5% of the purchase price of their OWN funds into the transaction.
    • Documents are available on the login page and home page of Lender Connection.
    • 0.125% added to the first mortgage interest rate for each 0.5% of forgivable loan used.
      • .125 for .50%
      • .25 for 1%
      • .375 for 1.5%
      • .50 for 2%
      • .625 for 2.5%
      • .75 for 3%

    Terms for Combining Second Mortgage with Forgivable Loan

    • Borrower must be a first-time homebuyer (waived for Heroes eligible borrowers).
    • The combined total of Forgivable Loan and Second Mortgage cannot exceed 10%.
    • Combined DPCC option is available for the following loan programs:
      • First Loan
      • Idaho Heroes
      • Freddie Mac HFA Advantage 50% / 80% AMI
      • Fannie Mae HFA Preferred 80% AMI