Iowa Housing Finance Authority FirstHome Program

Iowa Finance Authority

Available Down Payment

About This Program

Provides down payment and closing cost assistance to first-time homebuyers in Iowa purchasing in Marion and surrounding areas. Combines low-interest mortgage with optional down payment assistance grant that is forgiven over time.

Down payment assistance amount based on income and purchase price

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Down payment assistance up to $5,000
  • For first-time homebuyers in Marion area
  • Income limits apply (typically up to 80% AMI)
  • Must complete homebuyer education course
  • Forgivable over 5 years of occupancy

How to Apply

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

Deadline: Ongoing, subject to funding availability

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