See programs you qualify for
Get Matched Free →Iowa City Down Payment Assistance Program (GreenState / Hills Bank)
Funding status: Active
How much assistance
Up to $24,999
Fully forgiven after 10 years of owner-occupancy as the principal residence.
Eligibility
- Income limits: Household income at or below 80% of Johnson County Area Median Income
- Purchase price limit: $271,000
- First-time buyer required: No
- Geographic restrictions: Home must be within Iowa City municipal boundaries and located in a Census-defined lower-income area. Single-family homes and condominium units are eligible; mobile homes are not. Buyer must contribute at least $250 toward settlement.
- Homebuyer education required: Yes
How to Apply for Iowa City Down Payment Assistance Program (GreenState / Hills Bank)
Step 1: Contact either GreenState Credit Union or Hills Bank to complete a mortgage application and obtain a pre-approval letter. Step 2: Complete the HUD-required homebuyer education course through Horizons, A Family Service Alliance. Step 3: Submit your Iowa City down payment assistance application with your pre-approval letter and income/asset verification for all household members.
Free eligibility check
See every program you may qualify for
How soon are you looking to buy?
Question 1 of 6
housebuyerguides