Bootcamp For Buyers

First Time Homebuyer Programs in Iowa

Iowa offers several programs through the Iowa Finance Authority (IFA) to help first-time homebuyers achieve their dreams of homeownership. These programs provide down payment assistance, competitive mortgage rates, and other resources tailored to first-time buyers.

FirstHome Program

The FirstHome Program is designed to assist first-time buyers with affordable mortgage options.

  • Offers 30-year fixed-rate mortgages with competitive interest rates.
  • Available to first-time buyers or those purchasing in targeted areas.
  • Income and purchase price limits apply, based on household size and location.

FirstHome Plus Program

The FirstHome Plus Program combines a FirstHome loan with down payment and closing cost assistance.

  • Provides assistance of up to $2,500.
  • Must be used in conjunction with a FirstHome loan.
  • Requires completion of a homebuyer education course.

Homes for Iowans Program

The Homes for Iowans Program offers additional flexibility for eligible homebuyers.

  • Available to both first-time and repeat buyers.
  • Features a 30-year fixed-rate loan with competitive interest rates.
  • Includes income and purchase price limits, varying by location and household size.

Iowa’s first-time homebuyer programs are designed to make homeownership more accessible and affordable. Take advantage of these opportunities to find the right program for your needs and start your journey to owning a home in Iowa.