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Get Matched Free →Ascentra Credit Union First-Time Homebuyer Grant
Funding status: Seasonal
How much assistance
Up to $7,500 grant toward down payment and closing costs (Grant)
Grant applied at closing. May carry a short owner-occupancy requirement depending on the funding source (FHLB Des Moines or Ascentra CDFI funds).
Eligibility
- Income limits: Income limits vary by program funding source; typically at or below 80% of area median income.
- First-time buyer required: Yes — Must not have owned a home in the past three years.
- Geographic restrictions: Must be an Ascentra Credit Union member. Field of membership covers 21 counties across eastern Iowa and western Illinois, including Scott County (Bettendorf, Davenport) and Rock Island County.
- Homebuyer education required: Yes
How to Apply for Ascentra Credit Union First-Time Homebuyer Grant
Step 1: Become an Ascentra Credit Union member (anyone who lives or works in the 21-county field of membership qualifies). Contact Ascentra's mortgage team to check current grant availability and apply. Grant funds are limited and often awarded on a first-come basis each year.
Notes
Ascentra is a Community Development Financial Institution (CDFI). Grant funds often flow through FHLB Des Moines Home$tart — confirm current-year availability before counting on the grant.