State Program
Iowa Finance Authority Homes for Iowans Plus Program – 2025 Iowa First-Time Homebuyer Assistance Guide
Iowa Finance Authority Homes for Iowans 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 Homes for Iowans 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
- Must meet eligibility for Homes for Iowans
- Additional income criteria may apply for grant portion
- Property must be located in Iowa
- Additional income criteria may apply for grant portion
- Property must be located in Iowa
Program Benefits
- Combines 5% second loan with a $2,500 forgivable grant
- Reduces out-of-pocket costs
- Increased flexibility over standard Homes for Iowans loan
- Reduces out-of-pocket costs
- Increased flexibility over standard Homes for Iowans loan
How to Apply
1. Apply through Homes for Iowans lender
2. Complete homebuyer education
3. Request Plus add-on grant
4. Receive full support package at closing
2. Complete homebuyer education
3. Request Plus add-on grant
4. Receive full support package at closing
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.