Iowa First-Time Homebuyer Program

Iowa Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Waterloo purchasing a primary residence. Provides low-interest mortgage combined with forgivable second mortgage for down payment/closing costs.

Down payment assistance typically $2,500-$5,000 depending on loan program

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 Waterloo
  • Income limits apply (varies by household size)
  • Competitive interest rates
  • Must complete homebuyer education course

How to Apply

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

Deadline: Ongoing, subject to fund availability

Questions about this program?

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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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