Iowa Finance Authority Homes for Iowans Plus Program – 2025 Iowa First-Time Homebuyer Assistance Guide

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.

• Must meet eligibility for Homes for Iowans

• Additional income criteria may apply for grant portion

• Property must be located in Iowa

• Combines 5% second loan with a $2,500 forgivable grant

• Reduces out-of-pocket costs

• Increased flexibility over standard Homes for Iowans loan

1. Apply through Homes for Iowans lender

2. Complete homebuyer education

3. Request Plus add-on grant

4. Receive full support package at closing