You may have noticed references to Homebuyer Education as a requirement to qualify for some of the IHA lending programs. And, like many homebuyers, you probably have questions and may be a little skeptical about what Homebuyer Education is and why you need it to qualify for an IHA loan program. You may even be a little skeptical, and think it’s not worth your time.

Finally Home!® is an education program created  by The Idaho Partners for Homebuyer Education, Inc., which is a non-profit organization created by IHFA in collaboration with other Idaho organizations. The program was designed specifically to help homebuyers address typical challenges and learn about the process of purchasing a home in Idaho.

Topics discussed include:

·         Qualifying for an Idaho mortgage

·         Choosing an agent

·         Making an offer

·         Understanding closing costs

Upon completion of the program, participants become eligible to take advantage of the assistance programs offered by IHA, including down payment and closing cost assistance, programs that accept borrowers with higher debt ratios, and using assistance funding at closing.

Classes are held throughout the state of Idaho and are also available online. Fees range from $10 for the in-person class to $50 for an online course. For more information, visit the following website: www.ihfa.org/FinallyHomeOnlineCourse.