Habitat for Humanity Idaho Falls Area Homeownership Program

Habitat for Humanity Idaho Falls Area Homeownership Program is down payment assistance for homebuyers in Idaho Falls, Idaho, administered by Habitat for Humanity Idaho Falls Area. Habitat for Humanity Idaho Falls Area sells homes to qualifying low-income families with a no-interest (0%), no-profit mortgage, with homes mostly built by volunteers. Applicants must have lived in Southeast/East Idaho for at least one year, be a U.S. citizen/permanent resident or have work authorization, demonstrate need, fall within income and DTI limits, and complete 300 hours of sweat equity. A mandatory orientation meeting (preregistration required) is the entry point. Homes are owner-occupied only with resale restrictions and a Habitat right of first purchase until payoff. 0% interest mortgage. No-profit home price. Sweat equity substitutes for down payment. Volunteer-built keeps cost low.

Habitat for Humanity Idaho Falls Area Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity Idaho Falls Area. Repayment is triggered by Standard mortgage payments; Habitat holds right of first purchase on resale; owner-occupancy/resale restrictions until mortgage paid off. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Habitat for Humanity Idaho Falls Area Homeownership Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required. Residency requirement: Resident of Southeast/East Idaho for a minimum of one year; U.S. citizen, permanent resident, or documented right to work. Mandatory preregistered orientation meeting to apply; 1-year SE Idaho residency; 300 hours sweat equity; owner-occupancy and no-rental rules until payoff.

Habitat for Humanity Idaho Falls Area Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Household income must fall within current income limits (up to ~80% AMI) and meet debt-to-income requirements; a minimum income (~25% threshold) is also required. Income verified at application. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Habitat for Humanity Idaho Falls Area Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity Idaho Falls Area Homeownership Program serves homebuyers purchasing in Idaho Falls, Idaho.

Applications for Habitat for Humanity Idaho Falls Area Homeownership Program go through Habitat for Humanity Idaho Falls Area, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.