This program is on a waitlist. New applications may not be accepted until funding opens up again.
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Get Matched Free →Military Homeownership Assistance Program
Funding status: Waitlist
How much assistance
$5,000 grant
No repayment required.
Eligibility
- Income limits: No IFA-specific income limit beyond the first mortgage program used (FirstHome or Homes for Iowans).
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Home must be in Iowa and occupied as primary residence within 60 days of closing. Eligible property types: single-family (site-built, modular, or permanently affixed manufactured), or 2-4 unit property with service member in one unit.
- Homebuyer education required: Yes
How to Apply for Military Homeownership Assistance Program
Must have served at least 90 days of active duty between August 2, 1990 - April 6, 1991 or September 11, 2001 - present (cumulative service counts), be a federally-recognized injured service person from those periods, or be the surviving spouse of a service member with a non-dishonorable discharge. Apply through an IFA participating lender who takes the application and verifies eligibility.
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