Iowa Finance Authority Provides $2,500 Down Payment Assistance

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.




Iowa Down Payment Assistance
Iowa Down Payment Assistance

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.

 Eligibility   

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.