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

Iowa Finance Authority Homes for Iowans 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.

• Open to both first-time and repeat buyers

• Meet statewide income and home price caps

• Property must be an Iowa primary residence

• Offers fixed-rate 30-year loans

• Optional 5% second loan for down payment/closing

• Broader eligibility than FirstHome

1. Work with an IFA lender

2. Complete loan application and documentation

3. Opt into assistance options (if needed)

4. Close with funding secured