State Program
Iowa Finance Authority Military Homeownership Assistance Program – 2025 Iowa First-Time Homebuyer Assistance Guide
Iowa Finance Authority Military Homeownership 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
Iowa Finance Authority Military Homeownership 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 be an eligible service member or veteran
- 90+ days of active duty post-9/11
- Must use IFA-backed mortgage
- 90+ days of active duty post-9/11
- Must use IFA-backed mortgage
Program Benefits
- $5,000 non-repayable grant
- Recognizes military service
- Can be combined with FirstHome or Homes for Iowans
- Recognizes military service
- Can be combined with FirstHome or Homes for Iowans
How to Apply
1. Apply with an IFA-approved lender
2. Provide DD214 or proof of service
3. Confirm program funding availability
4. Close with military grant applied
2. Provide DD214 or proof of service
3. Confirm program funding availability
4. Close with military grant applied
Program Overview
Category
State Program
Maximum Assistance
$5,000
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.