Idaho Down Payment Assistance Programs Checklist

A step-by-step checklist for consumers applying for Idaho Down Payment Assistance Programs in 2025.

Confirm Your Eligibility

Ensure your household income is within the program’s limits, which vary by county and family size.
Verify that your credit score meets the program’s minimum requirement, typically 640 or higher, although your assigned Loan Officer may provide additional guidance.
Confirm that the property you intend to purchase is within the program’s price limits and will serve as your primary residence.
Check if you meet any additional program criteria, such as being a first-time homebuyer or purchasing in a designated area.

Collect proof of income, including recent pay stubs, W-2 forms, or other documentation verifying your earnings.
Gather your tax returns for the past two years, including all schedules and attachments.
Obtain recent bank statements covering the last two to three months for all financial accounts.
Prepare property details, such as the address, purchase agreement, and sale price.
Compile any additional documents requested by your Loan Officer, such as verification of debts, liabilities, or proof of assets.

Your assigned Loan Officer will guide you through the Idaho Down Payment Assistance Programs application process.
Schedule a meeting or phone call with your Loan Officer to confirm your eligibility, review program requirements, and discuss the necessary steps for application completion.
Ask questions about program benefits, required documentation, or application timelines.
Follow your Loan Officer’s instructions to gather and submit all required materials accurately and promptly.

Collaborate with your Loan Officer to accurately complete your application for the Idaho Down Payment Assistance Programs.
Submit all required documents to verify your eligibility for down payment and closing cost assistance.
Review your application thoroughly with your Loan Officer to ensure it is complete and free of errors before submission.
If necessary, attend a homebuyer education course to fulfill program prerequisites.

Sign all required documents provided by your Loan Officer to secure your participation in the program.
Prepare for any additional costs not included in the program benefits, such as closing fees or prepaid expenses.
Receive confirmation of your enrollment and detailed instructions on how the assistance will be applied to your home purchase.

Ensure that the purchased property remains your primary residence for the duration specified by the program guidelines.
Notify your Loan Officer immediately if you plan to sell, refinance, or make changes to your mortgage, as these actions could impact your program benefits.
Stay updated on program requirements or changes to maintain compliance and retain your assistance benefits.