State Program
Iowa Finance Authority OurHome Rehabilitation Program – 2025 Iowa First-Time Homebuyer Assistance Guide
Iowa Finance Authority OurHome Rehabilitation 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 OurHome Rehabilitation 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
- Homeowners of older or substandard homes
- Low- to moderate-income households in Iowa
- Must submit documentation of property need
- Low- to moderate-income households in Iowa
- Must submit documentation of property need
Program Benefits
- Funding for critical repairs: plumbing, roofing, electrical
- May include accessibility or energy upgrades
- May include accessibility or energy upgrades
How to Apply
1. Apply through local housing or community agency
2. Schedule inspection and project estimate
3. Receive grant or loan and begin repair
2. Schedule inspection and project estimate
3. Receive grant or loan and begin repair
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.