See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 22, 2026
Homebuyer Programs in Davenport, IA (2026)
Davenport sits along the Mississippi River as the largest city in the Quad Cities region and the county seat of Scott County, with a population of roughly 100,938 and a median home price near $205,000. First-time buyers here can stack the City of Davenport Home Buyer Down Payment Grant Program (up to $10,000 toward down payment and closing costs) with Iowa Finance Authority's FirstHome Plus $2,500 grant and the IFA 2nd Loan Program (up to 5% of the purchase price with no maximum cap). The Davenport Urban Homestead Program offers city-rehabilitated homes to income-qualified buyers at affordable prices, while Mississippi Valley Neighborhood Housing Services provides HUD-approved counseling and CDFI lending products right in town. Combining a city grant, a state grant, and a state second loan, a qualified Davenport buyer can cover most or all of their out-of-pocket cash on a moderately priced home.
City Programs in Davenport
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Davenport Home Buyer Down Payment Grant Program | Grant | Up to $10,000 | No | View → |
| Davenport Urban Homestead Program | Government Property Sale Program | Rehabilitated home sold at affordable price | No | View → |
- Type:
- Grant
- Amount:
- Up to $10,000
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- Rehabilitated home sold at affordable price
- First-time only:
- No
State Programs in Iowa
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FirstHome Plus Grant | Grant | $2,500 grant | Yes | View → |
| FirstHome Program (Iowa) | Government-Insured Mortgage | Low-rate 30-year mortgage with 3% down | Yes | View → |
| Homes for Iowans Program | Government-Insured Mortgage | Low-rate 30-year mortgage available to first-time and repeat buyers | No | View → |
| IFA 2nd Loan Program | Deferred Loan | Up to 5% of purchase price or appraised value (whichever is lower), no maximum cap | Yes | View → |
| Iowa Mortgage Credit Certificate (MCC) | Tax Credit | Up to $2,000 federal tax credit per year (50% of annual mortgage interest paid) | Yes | View → |
| Military Homeownership Assistance Program | Grant | $5,000 grant | No | View → |
- Type:
- Grant
- Amount:
- $2,500 grant
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Low-rate 30-year mortgage with 3% down
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Low-rate 30-year mortgage available to first-time and repeat buyers
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to 5% of purchase price or appraised value (whichever is lower), no maximum cap
- First-time only:
- Yes
- Type:
- Tax Credit
- Amount:
- Up to $2,000 federal tax credit per year (50% of annual mortgage interest paid)
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- $5,000 grant
- First-time only:
- No
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Habitat for Humanity Quad Cities | Zero-Interest Loan | Affordable home with 0% interest mortgage; no down payment required | No | View → |
| Mississippi Valley NHS Homebuyer Lending & Counseling | Repayable Loan | First and second mortgage loans, FACT loans, and grants (amounts vary by product) | No | View → |
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home with 0% interest mortgage; no down payment required
- First-time only:
- No
- Type:
- Repayable Loan
- Amount:
- First and second mortgage loans, FACT loans, and grants (amounts vary by product)
- First-time only:
- No
How to Apply
Step 1: Check your eligibility. Most Davenport and Iowa programs target low-to-moderate income buyers, generally at or below 80% of area median income, adjusted for household size.
Step 2: Complete homebuyer education. Mississippi Valley Neighborhood Housing Services offers an 8-hour HUD-approved Realizing the American Dream course in English and Spanish at 710 Charlotte St in Davenport. Call 563-324-1556 to register.
Step 3: Contact the City of Davenport Community & Economic Development office at 563-326-7765 to confirm availability of the Home Buyer Down Payment Grant and Urban Homestead Program and to request applications.
Step 4: Get pre-approved with an Iowa Finance Authority participating lender to access the FirstHome, FirstHome Plus, and 2nd Loan Programs. IFA maintains a list of approved lenders.
Step 5: Find a home within Davenport city limits that meets the program rules. The city grant requires the property be inside Davenport; state IFA programs follow purchase price limits by county.
Step 6: Submit your city grant application through CPED. Review and approval typically runs 2 to 6 weeks, so build that into your purchase timeline.
Step 7: Close with all three layers stacked. Your IFA lender will coordinate the state grant and second loan, and the City of Davenport will issue its grant at or before closing.
Frequently Asked Questions
How much down payment assistance can I get in Davenport?+−
Do I have to be a first-time homebuyer?+−
What is the maximum home price I can purchase with these programs?+−
What homebuyer education is required?+−
What is the Davenport Urban Homestead Program?+−
Can Habitat for Humanity help me buy a home in Davenport?+−
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