Grant Directory

Verified government funding opportunities

Homeownership – Homeownership Opportunity Program

Open

City of Boise Housing and Community DevelopmentIDFirst-Time Homeowner

Funding: Down payment and/or closing cost assistance or subsidized mortgage to reduce buyers primary loan so that monthly payments are affordable; amount varies per buyer need and funding availability.Deferred loanScope: Citystate

Updated: Dec 1, 2025

Summary

City of Boise’s Homeownership Opportunity Program provides mortgage assistance to income qualified buyers purchasing homes within Boise city limits, using HUD funds to help with down payment, closing costs, and gap financing so monthly payments remain affordable

Benefits

Down payment assistanceClosing cost assistanceAffordable mortgage

Who Can Apply

Individual

Eligible Locations

City of Boise, Idaho — households with gross income between 50%–80% of area median income (AMI).

Eligibility

Income eligible homebuyers purchasing within Boise city limits with gross household income between 50% and 80% of Area Median Income who work with NeighborWorks Boise or LEAP Housing for counseling and primary financing

Full Description

The City of Boise Homeownership Opportunity Program is a locally funded mortgage assistance initiative that helps moderate income households purchase homes within Boise city limits. Using entitlement grant funds from the US Department of Housing and Urban Development, the program provides a subordinate mortgage that can be applied to the buyer’s down payment, closing costs, and direct financial assistance to shrink the size of the primary first mortgage. Under current policy, qualified buyers can receive up to roughly forty five thousand dollars in assistance, structured as a deferred, subordinate loan that is secured by a promissory note and deed of trust and typically repaid upon sale or transfer of the home according to the city’s recapture policy. Eligible households must have gross incomes between fifty and eighty percent of the Area Median Income and must complete prerequisite housing counseling and loan preparation with one of the city’s designated partners, NeighborWorks Boise or LEAP Housing. All properties must be within Boise city limits and meet program underwriting standards, including sustainable debt to income ratios. By layering this local assistance with a primary mortgage from a participating lender, the program reduces upfront cash needs and monthly housing costs for first time and repeat buyers who otherwise might be priced out of Boise’s housing market.

Verification & Details

Complexity: Moderate
Confidence: 88%
Status: Open
Source: cityofboise.org

Based on Boise HOP official page; program reduces primary mortgage size via city-funded subsidy/assistance.

Official source → cityofboise.org
Apply on official siteUpdated Dec 1, 2025

Recommended Resource

First-Time Homebuyer Starter Pack (2025 Edition)

A complete first-time homebuyer toolkit: 9 checklists, timelines, grant guidance, worksheets + editable Excel/Google Sheet budget & affordability calculator.

first-time homebuyerhomebuyer starter packhome buying checklistbudget templategoogle sheet budgetdown payment assistancehomeownership toolkitdigital downloadPDF workbookaffordability calculator
View digital guideBuy now

More statewide programs

Explore additional grants available throughout Idaho that complement this opportunity.

Down Payment Assistance for Idaho Homebuyers

Open

Idaho Housing and Finance AssociationIDFirst-Time HomeownerDeferred loan

Updated: Dec 1, 2025

Statewide Idaho down payment assistance program that layers a second mortgage on top of an Idaho Housing first mortgage to cover most or all of the required down payment and closing costs while helping buyers preserve savings

Eligible for: Eligible Idaho homebuyers using an Idaho Housing first mortgage, meeting program underwriting and household income limits and completing app…

Funding: Provides up to 8% of the sales price of the home in down payment and/or closing cost assistance for eligible Idaho homebuyers; requires a $500 minimum borrower contribution.StatewideIndividualDown payment assistanceClosing cost assistance
View details →

First-Time Homebuyer Programs

Rolling

Idaho Central Credit UnionIDFirst-Time Homeowner

Updated: Dec 1, 2025

Idaho Central Credit Union’s First-Time Homebuyer Programs page highlights multiple mortgage options that can offer little to no money down, including 100 percent financing and extended term loans tailored for lower and middle income first time buyers across Idaho

Eligible for: First time and returning homebuyers who qualify for ICCU mortgage underwriting, including lower and middle income borrowers purchasing an ow…

View details →

First-Time Homebuyer

Open

CapEd Credit UnionIDFirst-Time HomeownerOther

Updated: Dec 1, 2025

CapEd Credit Union’s First-Time Homebuyer page aggregates multiple Idaho focused products including a zero down Educational Community 100 percent Loan, the CapEd Home Affordable Mortgage Program, and an Idaho first time homebuyer savings account that together help members get into a home with minimal upfront cash

Eligible for: Primarily first time homebuyers who are CapEd members or eligible to join, including educators and education community workers for the Educa…

Funding: First-time homebuyer mortgage with 3% down payment requirement; 100% financing option for eligible education-community borrowers via Educational Community 100% Loan (max loan $550,000).StatewideIndividualLow down payment mortgageFirst-time homebuyer loan
View details →

Yes You Can Homeownership Program

Open

LEAP HousingIDFirst-Time HomeownerOther

Updated: Dec 1, 2025

LEAP Housing’s Yes You Can Homeownership Program is a free, mentorship style service that walks Boise area renters and aspiring buyers through the entire home purchase process, connecting them to education, trusted lenders, and available down payment assistance programs

Eligible for: First time and aspiring homebuyers in the Boise area, including households with lower incomes, limited savings, lower credit scores, or lang…

Funding: Program provides mentoring, guidance, and connections to realtors and lenders — not direct grants or loans.Local/RegionalIndividualHomebuyer educationHomeownership assistance
View details →