Idaho First-Time Home Buyer Savings Account


Open an Idaho First-Time Home Buyers Savings Account and
Smartly Save for Your First Home!

An Idaho First-Time Home Buyer Savings Account allows you to save for down payment and closing costs for a qualified first-time home purchase while reducing the amount of Idaho income tax you owe. Smartly save money for your down-payment and closing costs, while earning interest and possibly saving on your taxes.*

The Idaho First-Time Home Buyer Savings Account allows you to save up to $15,000 per year (single) up to $100,000 total, or $30,000 per year (married) up to $100,000 total ­­— all of which may be deductible from your Idaho income taxes!
You may be able to deduct the deposited amount at the end of each year from your gross income for state income tax calculations.


Minimum deposit to open: $100

The account holder must:

  • Be an Idaho resident

  • Be a first-time home buyer

  • Have filed an Idaho income tax return for the most recent taxable year


No withdrawals may be made within the first 30 days the account is open.


Earned on average daily balance of $5 or more


Monthly Fees: None
It is your responsibility to ensure contributions, withdrawals, and other actions related to the account comply with Idaho tax law.  Consult with a legal or tax professional for specifics on how this product will impact tax liability and for questions about managing the account.


*Account must be established by the first-time home buyer. $100 minimum deposit to open the account. If the funds are used for any other purpose than mortgage down-payment or closing costs, the regular tax that would have been due under the income tax code will apply. Consult your tax advisor.

Rates and APRs below as of 9/18/2020 8:22:46 AM.

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Conventional 30 Year 5/1 ARM1


Construction-to-Permanent 30 Year Fixed


With a variety of loan programs available, we have a product that fits your financial situation. Our loan officers provide prompt service while finding you the best option.
Due to extremely high loan application demand, the expected time frame for completing refinance
transactions is 90 days or more.
Conventional rates shown below are for refinances transactions. Please contact your Loan Officer for purchase
transaction rate quotes.

Today's Rates

Rates as of 9/18/2020 8:22:46 AM


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Credit Cards as Low as


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Conventianal Rate Conventional 30 Year 5/1 ARM

*All credit products are subject to approval and subject to change without notice. Rates, terms, and amounts based on qualification.