State Program
Iowa City UniverCity Neighborhood Partnership – 2025 Iowa First-Time Homebuyer Assistance Guide
Iowa City UniverCity Neighborhood Partnership offers tailored homeownership support for Iowa residents through grants, loans, or credit programs. It targets affordability and stability across diverse borrower needs.
Program Details
Iowa City UniverCity Neighborhood Partnership 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
- Home must be in approved Iowa City core neighborhoods
- Must live in the home for 5 years minimum
- First-time buyers preferred
- Must live in the home for 5 years minimum
- First-time buyers preferred
Program Benefits
- $10,000–$25,000 forgivable assistance for acquisition and rehab
- Stabilizes historic university neighborhoods
- Stabilizes historic university neighborhoods
How to Apply
1. Check property eligibility on Iowa City portal
2. Apply with required forms
3. Close with city funding layered on purchase
2. Apply with required forms
3. Close with city funding layered on purchase
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.