Get $2,500 Towards Your Down Payment
If you’re looking for down payment assistance in Iowa, you’re in luck. The Iowa Finance Authority (IFA) offers two options for first time property purchasers who need help coming up with the funds for the down payment.
From the IFA website:
Down Payment Assistance Programs
The Iowa Finance Authority offers two programs that provide home buyers with $2,500 for down payment and closing costs assistance when used in conjunction with the FirstHome or Homes for Iowansmortgage programs.
FirstHome Plus Program
The FirstHome Plus program is available to eligible first-time home buyers who are purchasing a primary residence in Iowa.
Homes for Iowans Plus Program
The Homes for Iowans program is available to eligible first-time and repeat home buyers who are purchasing a primary residence in Iowa.
FirstHome Homes for Iowans Household Income Limit $68,400 $120,960 Home Purchase Price Limit $255,000 $312,000 Must be a First-Time Home Buyer Yes No
To find out more and to get the application process started, please visit this IFA webage.
More Iowa Down Payment Assistance
In addition to this statewide DPA program, you should also check to see if there are additional local programs offered in Iowa that provide additional help which can be applied toward your down payment.