Iowa FirstHome Program

Iowa Finance Authority

Available Down Payment

About This Program

First-time buyers: $2,500 grant for down payment plus second loan up to 5% of home price with no monthly payments. Income limits apply.

First-time buyers, income limits vary

Key Details

  • $2,500 grant + 5% loan in funding
  • For renters
  • No income requirement
  • Covers: major
  • Year-round through participating lenders

How to Apply

Deadline: Year-round through participating lenders

Need a Contractor for This Grant?

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

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