Idaho Buydown Escrow Agreement - Housing and Finance Association

• Category: Idaho Real Estate - Contracts - Escrow Agreements
• State: Idaho
• Control #: ID-RE-C-EA-178910-1
• Format: Word; Rich Text

Description

This is a sample Buydown Escrow Agreement involving a Housing and Finance Association. Typically, the seller contributes funds to an escrow account that subsidizes the loan during the first years, resulting in a lower monthly payment on the mortgage. This lower payment allows the homebuyer to qualify more easily for the mortgage. The form may be customized to suit your needs. The Idaho Buy down Escrow Agreement — Housing and Finance Association (IFA) is a program that allows homebuyers to purchase a home with a reduced down payment. The program works by providing a buy down escrow agreement that allows the buyer to make reduced monthly payments for a certain period of time. The program is administered by the Idaho Housing and Finance Association and is available to qualified homebuyers in the state of Idaho. The IFA buy down escrow agreement comes in two types: fixed-rate and adjustable-rate. The fixed-rate buy down escrow agreement provides a fixed interest rate for a set amount of time. The adjustable-rate buy down escrow agreement provides an adjustable rate that can change periodically. The buy down amount and the length of the buy down period are determined by the IFA. The IFA buy down escrow agreement allows borrowers to purchase a home with a reduced down payment and lower monthly payments. This program can help homebuyers in Idaho become homeowners and build equity in their home.

The Idaho Buy down Escrow Agreement — Housing and Finance Association (IFA) is a program that allows homebuyers to purchase a home with a reduced down payment. The program works by providing a buy down escrow agreement that allows the buyer to make reduced monthly payments for a certain period of time. The program is administered by the Idaho Housing and Finance Association and is available to qualified homebuyers in the state of Idaho. The IFA buy down escrow agreement comes in two types: fixed-rate and adjustable-rate. The fixed-rate buy down escrow agreement provides a fixed interest rate for a set amount of time. The adjustable-rate buy down escrow agreement provides an adjustable rate that can change periodically. The buy down amount and the length of the buy down period are determined by the IFA. The IFA buy down escrow agreement allows borrowers to purchase a home with a reduced down payment and lower monthly payments. This program can help homebuyers in Idaho become homeowners and build equity in their home.