Last reviewed 10-31-2026Short-Sale.com Editorialglossary

Individual Development Account (IDA)

FreddieMac

Updated 10-31-2026

Individual Development Account (IDA)

A savings account designated by the Borrower for the purpose of purchasing a residence and into which the Borrower has regularly deposited funds which are matched by funds from an Agency. If the Agency matching funds are to be used as a source of funds, the objective for which the IDA was established and the vesting requirements must be satisfied.

FreddieMac Glossary

FreddieMac · p. 21

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