Cedar Rapids Homebuyer Assistance Program – 2025 Iowa First-Time Homebuyer Assistance Guide

Cedar Rapids Homebuyer 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.

• Must purchase within Cedar Rapids city limits

• First-time buyer or no ownership in last 3 years

• Must meet HUD income limits

• Up to $5,000 toward closing costs or down payment

• Forgivable if occupant remains in home for 5 years

1. Apply through Cedar Rapids Housing Services

2. Attend homebuyer education course

3. Submit income documents and close with funds