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IHFA announces record low interest rate of 3.75%
BOISE, ID - October 26, 2010 - (RealEstateRama) -- Idaho Housing and Finance Association today announced a 30-year fixed interest rate of 3.75%, the lowest rate in IHFA’s history. This low rate provides opportunity for qualified homebuyers who can choose from FHA, VA, and RD loan products that best meet their needs. Potential homeowners can visit www.IdaMortgage.com, our homeownership resource center, to check their eligibility for a loan.
$60,000 grant helps 261 Idaho families become homeowners
September 28, 2010 - (RealEstateRama) -- The federal homebuyer tax credit made homeownership more affordable for families across the country, but an important local partnership benefited Idaho homebuyers even further. IdaMortgage and the Home Partnership Foundation, brought to you by Idaho Housing and Finance Association (IHFA), partnered with the Ada County Association of REALTORS® (ACAR) to make homeownership even more attainable to Idaho homebuyers through a program called Welcome Home Idaho. More than 1,300 homebuyers utilized IdaMortgage’s Tax Credit 2nd Loan, which helped borrowers monetize up to $7,000 of the federal homebuyer tax credit up front for use on down payment or closing costs.
Qualified homebuyers can now benefit from tax credit extension
BOISE, ID - December 21, 2009 - (RealEstateRama) -- Qualified homebuyers can now take advantage of the recent extension and expanded provisions of the federal homebuyer tax credit of $8,000 for first-time homebuyers and $6,500 for homebuyers who have lived in their home for the past five years. To be eligible for this tax credit, homebuyers must sign a contract for a new home by April 30, 2010 and close on the home by June 30, 2010.
Simpson Supports Extension of Homebuyer Tax Credit
Washington, DC - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part of H.R. 3548, legislation that provides an extension of federal unemployment insurance benefits.
