|What is an IDA
An IDA (Individual Development Account) is a Matched Savings Account to purchase a specific asset, and in this case to use to BUY A HOME.You are matched $3 for every $1 you save up to $1,000.When you save $1,000 that savings is matched with an additional $3,000 (for a total of $4,000) to use for down payment or closing costs on the purchase of a home.
|Income EligibilityYou must be at or below 200% of the Federal Poverty Guidelines.
||Financial Management Education
- Goal Setting & Making Plans
- Household Budgeting
- The Importance of Credit Standing
- Savings & Interest
- Working with Financial Institutions
- Succeeding in Asset Purchase