State Program
Iowa HOME Program – 2025 Iowa First-Time Homebuyer Assistance Guide
Iowa HOME 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 HOME 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
- Low-income homebuyers (≤80% AMI)
- Local governments and nonprofits may apply on behalf
- Funds used for new or rehab housing
- Local governments and nonprofits may apply on behalf
- Funds used for new or rehab housing
Program Benefits
- Grants or low-interest loans for affordable housing
- Encourages public-private housing development partnerships
- Encourages public-private housing development partnerships
How to Apply
1. Submit proposal via Iowa Finance Authority
2. Await funding award cycle
3. Disburse to eligible developers or municipalities
2. Await funding award cycle
3. Disburse to eligible developers or municipalities
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.