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NeighborWorks Boise Down Payment Assistance and Forgivable Grants

NeighborWorks Boise (NeighborWorks Lending, NMLS #2881) · Boise, Idaho

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See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven once the program's conditions are met

What is NeighborWorks Boise Down Payment Assistance and Forgivable Grants?

NeighborWorks Boise Down Payment Assistance and Forgivable Grants is a forgivable loan for homebuyers in Boise, Idaho, administered by NeighborWorks Boise (NeighborWorks Lending, NMLS #2881).

  • NeighborWorks Boise is Idaho's only nonprofit (501(c)(3)) mortgage broker and a CDFI-affiliated lender. It offers down payment assistance, forgivable grants, and other homebuyer financing tailored to low- and moderate-income buyers, including its Dream Loan product. It also packages City of Boise DPA, HOME-funded DPA, and Workforce Housing DPA, and provides the required homebuyer education. Serves buyers statewide in Idaho.
  • Down payment assistance and forgivable grants for qualified LMI borrowers (availability varies); access to below-market Dream Loan financing and packaging of City of Boise, HOME funds, and Workforce Housing DPA programs.
  • Funding comes from CDFI Fund, state agency programs, HOME funds, City of Boise CDBG, and other grant sources.

Do you have to pay it back?

NeighborWorks Boise Down Payment Assistance and Forgivable Grants is a forgivable loan, so the balance is forgiven once the program's conditions are met.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

NeighborWorks Boise Down Payment Assistance and Forgivable Grants is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Credit score requirement varies by underlying first-mortgage product (e.g., ~620 conventional, ~580 FHA)
  • A completed homebuyer education course, through NeighborWorks Boise Homebuyer Education (live version of Idaho Housing Finally Home! course)
  • Forgivable grants and specific DPA options offered depending on availability and funding. NeighborWorks packages multiple DPA sources. Borrowers must complete NeighborWorks Boise / Finally Home! homebuyer education. Exact grant amounts, forgiveness terms, and interest rates for NeighborWorks' own grants are not published and vary by funding source.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

NeighborWorks Boise Down Payment Assistance and Forgivable Grants limits household income to 80% of the area median income, which varies by county and household size.

  • Down payment assistance available to borrowers at or below 80% of Area Median Income. Household income limits cited: 1=$59,950; 2=$68,500; 3=$77,050; 4=$85,600; 5=$92,450.
  • 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.

Where does it apply?

NeighborWorks Boise Down Payment Assistance and Forgivable Grants serves buyers purchasing in Boise, Idaho.

How do you apply?

Applications for NeighborWorks Boise Down Payment Assistance and Forgivable Grants go through NeighborWorks Boise (NeighborWorks Lending, NMLS #2881), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through NeighborWorks Boise Homebuyer Education (live version of Idaho Housing Finally Home! course).

  2. Contact NeighborWorks Boise (NeighborWorks Lending, NMLS #2881) to reserve funds

    Funds are reserved through Inquiry/application through NeighborWorks Boise lending team; subject to funding availability, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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