Idaho down payment assistance available until Jan. 1, 2010
If your home might appeal to a lower income buyer, you need to research the non-profit IdaMortgage program and mention it to buyers. The program can grant buyers up to $20,000 towards a down payment, meaning more people will be able to afford your home. The maximum income for a 4 person family is $50,000 per year. The website says it is for “first time homebuyer with exceptions. Exceptions displaced homemakers or single parents with custody of children.”
With the historical metric of people being able to afford a house equal to no more than 3 times annual income, sellers with houses worth $150,000 and below are most likely to benefit from the boost in buyers.
More details are available at the Idaho Housing and Finance Association website.