State Program
Iowa Finance Authority FirstHome Plus Program – 2025 Iowa First-Time Homebuyer Assistance Guide
Iowa Finance Authority FirstHome Plus 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
Iowa Finance Authority FirstHome Plus 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
- Eligible for the FirstHome Program
- Must meet additional income guidelines for grant consideration
- Must meet additional income guidelines for grant consideration
Program Benefits
- Includes all FirstHome benefits
- Additional $2,500 grant for upfront costs
- Reduces out-of-pocket expenses at closing
- Additional $2,500 grant for upfront costs
- Reduces out-of-pocket expenses at closing
How to Apply
1. Apply through a FirstHome lender
2. Request Plus grant funding
3. Submit proof of income eligibility
4. Close with grant applied
2. Request Plus grant funding
3. Submit proof of income eligibility
4. Close with grant applied
Program Overview
Category
State Program
Maximum Assistance
$2,500
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.