This program runs on a seasonal schedule. Applications and funding may only be available during part of the year.
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Get Matched Free →Cedar Rapids Bank & Trust Home$tart Grant
Funding status: Seasonal
How much assistance
Up to $15,000
Grant — no repayment required if owner-occupancy is maintained for 5 years. Pro-rated recapture if sold within 5 years.
Eligibility
- Income limits: At or below 80% of Area Median Income.
- First-time buyer required: Yes — Has not owned a home in the last three years.
- Geographic restrictions: Home must be located within Cedar Rapids Bank & Trust lending area (Cedar Rapids metro and surrounding eastern Iowa communities).
- Homebuyer education required: Yes
How to Apply for Cedar Rapids Bank & Trust Home$tart Grant
Contact Cedar Rapids Bank & Trust mortgage department to confirm current Home$tart availability.
Complete a CRBT-approved homebuyer education course.
Apply for a first mortgage through CRBT.
CRBT will submit the Home$tart grant application to FHLB Des Moines on your behalf.
If approved, the grant funds are wired to closing.
Sign the retention agreement committing to 5 years of owner-occupancy.
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