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Polk County Down Payment Assistance Program

Administered by: Polk County (administered by Neighborhood Finance Corporation) · County · Deferred Loan

Funding status: Active

How much assistance

$30,000 (Deferred Loan)

Not forgivable. Balance is due at sale, refinance, or when the home is no longer the primary residence. 0% interest, no monthly payments.

Eligibility

  • Income limits: Household income at or below 80% of area median income for Polk County.
  • First-time buyer required: No
  • Geographic restrictions: Property must be located in Polk County, Iowa.
  • Homebuyer education required: Yes

How to Apply for Polk County Down Payment Assistance Program

Step 1: Complete 8 hours of homebuyer education prior to closing. Apply through one of the 16 participating lenders. Neighborhood Finance Corporation administers the fund — contact them at 515-246-0010. Property must be owner-occupied as primary residence.

Notes

$5 million total program fund committed by Polk County. Can be stacked with Iowa Finance Authority FirstHome/Homes for Iowans and NFC Neighborhood Reinvest.

Cities Where This Program Is Available