State Program
Cedar Rapids Homebuyer Assistance Program – 2025 Iowa First-Time Homebuyer Assistance Guide
Cedar Rapids Homebuyer Assistance Program offers tailored homeownership support for Iowa residents through grants, loans, or credit programs. It targets affordability and stability across diverse borrower needs.
Program Details
Cedar Rapids Homebuyer Assistance Program is a comprehensive initiative administered under Iowa's housing authorities. This program provides targeted assistance through financial aid, credit support, or housing subsidies to increase accessibility to homeownership. Program specifics vary depending on funding availability, applicant income, and local government coordination. The initiative often works in collaboration with lenders, nonprofit housing agencies, and local communities to ensure broad eligibility and sustainability.
Eligibility Requirements
- Must purchase within Cedar Rapids city limits
- First-time buyer or no ownership in last 3 years
- Must meet HUD income limits
- First-time buyer or no ownership in last 3 years
- Must meet HUD income limits
Program Benefits
- Up to $5,000 toward closing costs or down payment
- Forgivable if occupant remains in home for 5 years
- Forgivable if occupant remains in home for 5 years
How to Apply
1. Apply through Cedar Rapids Housing Services
2. Attend homebuyer education course
3. Submit income documents and close with funds
2. Attend homebuyer education course
3. Submit income documents and close with funds
Program Overview
Category
State Program
Maximum Assistance
$10,000
Official Program Website
Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.
Important Note
Program availability, terms, and requirements may vary by lender and location. Additionally, programs are subject to change based on policy updates and market conditions. Always consult with a mortgage professional for the most current information and to determine eligibility for specific programs.