Program Information

AutumnGold Affordable Housing Home Purchase Program

AutumnGold Affordable Housing offers economical home ownership opportunities through Idaho Housing and Finance Association’s (IHFA)HOME and Neighborhood Stabilization Program (NSP).   As well as the City of Boise's Affordable Homeownership Program.  Both organizations offer home ownership assistance to qualified low to moderate income participants in the form of down payment and closing cost assistance.   If you have good credit and qualify for a mortgage loan, but need down payment, closing cost or mortgage reduction assistance this program may be a good choice for you.

Benefits and Requirements:

  • →Opportunity to own a newly renovated home.
  • →Security of home ownership, often for a monthly payment less than the average rental cost.
  • →IHFA:  Home Ownership Assistance of at least $1,000 and up to 20% for NSP or 10% for HOME of the purchase price available to qualified participants.  Home Ownership Assistance is based on need, as determined by IHFA at time of underwriting.  Assistance is provided in the form of a no-interest, no payment second lien.
  • →City of Boise:  Home Ownership Assistance is based on need, as determined by City of Boise at time of underwriting.  Assistance is provided in the form of a no payment second lien at 2% annual interest.
  • →Participant must make a minimum contribution of $500 in the form of earnest money.
  • →Participants must occupy property as principal residence.
  • →Participant may not own or be on the title for other land, property or residences at purchase.
  • →Participant must complete the “Finally Home” Homebuyer Education Class. Requirements include eight (8) hours of in person instruction.  A Certificate of Completion must be presented to the Lender.
  • →Participants must meet Income Guidelines as shown in the chart below.     

 

INCOME GUIDELINES

Home Ownership Assistance is available to assist participants whose documented annual household income is at or below the following HUD Area Median Income (AMI) Limits for the Boise-Nampa MSA.  Each AutumnGold home listed on this site specifies the applicable income limits.    

 

Household

Size

50% Income (NSP)Limit ($)

80% Income (HOME)Limit ($)

120 % Income (NSP)Limit ($)

1

25,800

41,250

61,920

2

29,450

47,150

70,680

3

33,150

53,050

79,560

4

36,800

58,900

88,320

5

39,750

63,650

95,400

6

42,700

68,350

102,480

7

45,650

73,050

109,560

 

 

LENDERS

 

You may use a Lender of your choosing.  Below are a few recommendations of Lenders who are familiar with AutumnGold's Homeownership Assistance Programs.

Guaranteed Rate - Eagle

Heidi Bateman (NMLS: #487414)

873 E. State Street

Eagle, Idaho 83616

Phone: 208-488-4298

Email: Heidi.bateman@rate.com

 

Everygreen Home Loans - Meridian

Kendra Graybeal (NMLS: #924381)

3515 East Overland Road

Meridian, Idaho 83642

Phone: 208-321-4301

Email: Kgraybeal@evergreenhomeloans.com  

        Website: www.evergreenhomeloans.com/loan-officers/Kendra-Graybeal

 

Idaho First Bank - Boise

Eric Leigh (NMLS: #65666)

250 S. 5th Street, Ste. 150

Boise, Idaho 83709

Phone: 208-880-0316

Email: Eric@EricsLoans.com

Website: www.EricsLoans.com

 

 

 IHFA CONTACTS/LINKS

 

HOME Program Information:  HOME Program Website 

Neighborhood Stabilization Program Information:  Neighborhood Stabilization Program Website

 Idaho Housing and Finance Association Contact

  • Kimberly Demming
  • Phone 208-331-4708
  • KimberlyD@IHFA.org

 

 CITY OF BOISE CONTACTS

 

 City of Boise Contact