Buyer Information

See if you might qualify

1. Find your annual gross household income in this table:

  • One person below $44,200

  • Two people below $50,500

  • Three people below $56,800

  • Four people below $63,100

Table updated with current income levels effective 6/15/2022

(Households larger than 4, see this page. On the page, find Latah County. Read across on the "Low Income" line. Your income must be less than the value shown for your household size. Make sure to look at 2022 version)

2. Do you have some savings for down payment & closing costs?

3. Can you qualify for a home mortgage?

You have a choice of lenders, but to participate in this program the lender must work with Idaho Housing Finance Association (IHFA).

Locally, Banner Bank, HomeBridge Financial, Wells Fargo and Umpqua Bank are qualified. Regionally, Washington Federal and Guild Mortgage qualify. In Moscow, Banner Bank and Homebridge have completed CLT loans.

Buyers may choose from standard lending programs (FHA, VA, Conventional, USDA-RD) offered by their IHFA approved Lender.

Have your lender review this Lender Information page.

About the Program

Moscow Affordable Housing Trust uses federal funds to create affordable home ownership opportunities by rehabilitating houses or constructing new ones. Houses are sold using the Community Land Trust model. Learn more to understand how a CLT provides a subsidy by not selling the land.

Houses are sold via local real estate agents, please do not apply to the Moscow Affordable Housing Trust. You may use an agent of your choice or contact Team Idaho Real Estate. Have your real estate agent review the listing for information about making an offer. Following an accepted offer, Buyers, agents and lenders are required to arrange a meeting to review the program with MAHT and our agent at Team Idaho Real Estate.

Your next steps

  1. Choose a lender who works with IHFA.

  2. Have your lender review this page to help you prepare.

  3. Get pre-approved for a mortgage and know your buying power.

  4. Find a real estate agent to help you and have them review the information on this page

  5. Read and agree to other program requirements that your agent will find in the listing packet.

Making an Offer to Purchase a MAHT Land Trust house

Prior to making an offer, agents are strongly encouraged to contact our agent, Deann Billing at Team Idaho Real Estate, for guidance with additional required materials.

Homebuyer Education & Counseling Required

Before closing the sale, participants in this program are required by IHFA to complete the Finally HOME! course and get 2 hours of 1-1 counseling.

You will receive a certificate of completion from the Finally HOME course. A copy must be provided to your lender. In addition to meeting the program requirement, the course may qualify you for discounts from your lender.


What can you afford?

Try this Loan Calculator. NOTE: Loan calculators don't take into account private mortgage insurance that the lender may require or property taxes. These costs must be considered in addition to the monthly payment on the loan. Visiting a mortgage lender can help you get a better picture of your true buying power.

Credit & Budgeting.

University of Idaho Extension offers several short-courses on establishing credit, paying down debt, building your credit score, and basic financial planning which could help a family be more ready to decide to purchase, see this page.

Buying Process.

You can learn more about all aspects of buying a home through Idaho Housing Finance Association's class Finally Home!® Classes are offered in person and online.