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

22,550

36,050

54,000

2

25,750

41,200

61,750

3

28,950

46,350

69,450

4

31,150

51,450

77,150

5

34,750

56,600

83,350

6

37,300

59,700

89,500

7

39,900

63,800

95,700

 

 

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.

Academy Mortgage - Meridian

Heidi Bateman (NMLS: #487414)

2845 E. Overland Road, Ste. 160

Meridian, Idaho 83642

Phone: 208-854-8414

Email: Heidi.Bateman@AcademyMortgage.com

Website: www.AcademyMortgage.com/HeidiBateman

 

Idaho Independent Bank - Caldwell

Angie Castillo (NMLS: #332767)

2620 S. Kimball Avenue

Caldwell, Idaho 83705

Phone: 208-947-5312

Email: Angie.Castillo@iibk.net

Website: www.TheIdahoBank.com

 

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

 

Academy Mortgage - Nampa

Alice Thomas (NMLS: #445073)

308 12th Avenue Road

Nampa, Idaho 83686

Phone: 208-498-1780

Email: Alice.Thomas@AcademyMortgage.com  

Website: www.AcademyMortgage.com/AliceThomas

 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
  • PO Box 7899
  • Boise, ID 83707-1899
  • Phone 208-331-4708
  • KimberlyD@IHFA.org