Iowa Finance Authority FirstHome Program

Iowa Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Iowa. Provides up to $5,000 in assistance as a forgivable loan, combined with competitive mortgage rates. Must complete homebuyer education course.

Down payment assistance grant forgivable over 5 years of occupancy

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

Key Details

  • Up to $5,000 for down payment and closing costs
  • Available to first-time homebuyers
  • Income limits apply (varies by county)
  • Must complete homebuyer education course
  • Forgivable over 5 years

How to Apply

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

Deadline: Ongoing based on funding availability

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

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