Iowa Finance Authority FirstHome Program

Iowa Finance Authority

Available Down Payment

About This Program

Low-interest mortgage financing and down payment assistance for first-time homebuyers in Iowa. Includes $2,500 down payment/closing cost grant and optional Mortgage Credit Certificate for federal tax savings. Income and purchase price limits apply.

Down payment assistance grant plus potential tax savings through MCC

Key Details

  • $2,500 down payment/closing cost grant
  • Low-interest mortgage financing available
  • Optional Mortgage Credit Certificate for tax savings
  • Income and purchase price limits apply
  • For first-time homebuyers or those without homeownership in 3 years

How to Apply

A grant-savvy contractor in Ames, IA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing, subject to funding availability

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Ames, IA

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs