Gifted Funds Mortgage

At Idaho Central Credit Union, we allow pledged deposits to be used as a gifted down payment. This is a great option for a first-time homebuyer, grandchild, or family member buying a home with a little assistance from a parent or relative.

Mom holding a toddler in the front lawn of their house


You have gifted funds to use as a down payment.

The Gift of Homeownership

Wow! What a gift a place to call home is. If you are receiving gifted funds from a parent or relative, an Idaho Central Gifted Funds Mortgage is just for you. Pledged funds earn interest in a 5-year Certificate of Deposit (CD) and can be used as a down payment. Get ready to enjoy your home!

Term Options

15, 20, 30 years

Down Payment

As low as 10% of purchase price

Eligible Properties

Purchase, Primary Residence, Condominium

Purchase Your Home With Confidence

We want to help you through the loan process and get you resting comfortably in your home as soon as possible. Our highly trained, friendly staff understands the housing market where you want to live. After all, we live here, too. We’re available to help during extended hours and on Saturdays.

Fast, Local Decisions

  • Local underwriting
  • Fast approvals
  • Fast closing, usually within 30 days
  • Local servicing on most loans

Save Money

  • Low, affordable interest rates
  • No initial loan application fees
  • Low mortgage insurance premiums
  • No origination fee loan options
  • Extended rate lock options available from 90 to 360 days
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Personalized Rate Quote

Tailored to your unique circumstances, our personalized mortgage rate quote tool asks you a few questions about your current financial situation. Based on your answers you will be given a list of rates that fit your needs. Get your personalized mortgage rate today.

Become a Member

Idaho Central Credit Union was designed with one idea in mind, helping members achieve financial success. If you live or work in Idaho or Washington, chances are you can become a member of Idaho Central Credit Union.

Find Out How