Iowa Homebuyer Programs
Get Up To $18,500 in Assistance
Iowa offers some of the best homebuyer assistance programs in the nation. First-time buyers, veterans, and repeat buyers can all benefit from grants and below-market rates.
$2,500
FirstHome Grant
5%
Down Payment Help
$5,000
Military Grant
3.8%
Flat State Tax
Available Programs
🏠
FirstHome Program
For First-Time Buyers
Special mortgages with below-market interest rates for first-time homebuyers in Iowa.
Assistance: $2,500 grant OR 5% second loan
Benefits
- Below-market interest rates
- Credit score doesn't affect rate (640+ required)
- 25 or 30-year terms available
- Free Iowa Title Guaranty Owner's Certificate
- Lower closing costs
Requirements
- Haven't owned a home in the past 3 years
- Minimum 640 credit score
- Maximum 50% debt-to-income ratio
- Complete homebuyer education course
- Must occupy as primary residence within 60 days
Calculate Your Assistance
See how much assistance you could receive based on your situation.
$100K$220,000$600K
Your Estimated Assistance
FirstHome Grant$2,500
Down Payment Assistance (5%)$11,000
Total Assistance$13,500
Ready to Get Started?
Let Hanna help you understand which programs you qualify for and find your perfect Iowa home.