brand new affordable homes in idaho priced at just $270,000

  • 1,545-square-foot homes

  • 3-bed, 2-bath homes

  • Brand new construction

  • Located in nature, in stunning North Idaho

  • Townhome layout with two parking spots

  • Efficient floor plan with modern finishes

  • All landscaping covered by HOA

Home ownership has
never been more affordable

  • leap housing golden glow towers nampa idaho community garden

    Affordability

    The homes at Priest River are part of a community land trust (CLT), where affordability is preserved for (at least) the next 99 years.

  • leaphousing_goldenglowtowers_nampa_idaho_streetview

    Low monthly payments

    $270,000 homes with up to $50,000 in Downpayment Assistance available for qualified buyers, making homes at Priest River more even more affordable long-term.

  • Low maintenance

    HOA maintains all landscaping. Brand-new construction with modern layouts, built with Energy-efficient materials for long-lasting quality homes.

Apply today

get Up to
$50,0000
in housing assistance.

Interested buyers, fill out this form to be approved
and qualify for downpayment assistance. 

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The brand new homes at Priest River are already priced at a staggeringly affordable purchase price of $270,000. Now, qualified borrowers are able to access up to $50,000 in Downpayment Assistance, further creating access to homeownership for folks who are otherwise priced out of the market. By using DPA, borrowers could expect to reduce monthly payments by around $400/month. Act now, because the DPA is only available for a limited time and only for the 4 LEAP homes in Priest River. 

additional info

What is Downpayment Assistance? 

Downpayment assistance, or DPA, is funding that helps borrowers bridge a financial gap so that they can buy a home. For example, a household may qualify for a loan of $220,000, but the purchase price of the home is $270,000. In this example, there is a $50,000 gap. That gap needs to be covered in order to purchase the home. DPA is the answer. 

What does it mean if there is up to $50,000 in DPA? 

Downpayment assistance can come in various forms. The two most commons forms are as loans and seller credits. The DPA loan is a 0% interest loan for, say, $50,000. There is no interest owed on the loan, but it must be repaid at the time of sale or refinance. DPA can also fund seller credits at closing. For example, a borrower may qualify for $270,000 at a 7% interest rate. For the sake of the example, let's assume that the seller can help the borrower buy down the interest rate from 7% to 5%. In doing so, the borrower's monthly payments are seriously reduced. 

Can I contribute a traditional downpayment if I use a DPA product? 

Sure. There are no rules against how much money you can put toward purchasing a home. By investing more of your own cash, you gain more equity in your home.

housing, affordable for everyone.

Fill out this form to get started today. 

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