First-Time Homebuyer Programs in Iowa

The Iowa Finance Authority (IFA) offers several programs that can be stacked to make buying a home in Iowa substantially more affordable. First-time buyers can pair the FirstHome mortgage with the $2,500 FirstHome Plus grant or a 2nd Loan of up to 5% of the purchase price. Repeat buyers can use the Homes for Iowans program, which has higher income and purchase price limits. Active-duty military and veterans may qualify for a $5,000 Military Homeownership Assistance grant, and the Mortgage Credit Certificate program delivers up to $2,000 per year in federal tax credits for the life of the loan.

State housing agency: Iowa Finance Authority (IFA)

Cities in Iowa