Program Details

Iowa Finance Authority Military Homeownership 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.

Eligibility Requirements

  • Must be an eligible service member or veteran

  • 90+ days of active duty post-9/11

  • Must use IFA-backed mortgage

Program Benefits

  • $5,000 non-repayable grant

  • Recognizes military service

  • Can be combined with FirstHome or Homes for Iowans

How to Apply

  1. Apply with an IFA-approved lender

  2. Provide DD214 or proof of service

  3. Confirm program funding availability

  4. Close with military grant applied

*Details are in the Mortgage Calculator*

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Down Payment$70,000 (20%)
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Licensed Mortgage Loan Officers

These mortgage professionals are licensed to operate in IOWA and can help you navigate the application process for this program. They can answer your questions about eligibility, required documentation, and help you find the best financing options.

Licensed Mortgage Loan Officers in iowa

Connect with experienced mortgage professionals who can guide you through the home buying process and help you find the right loan program.

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Why work with a licensed mortgage loan officer?

Licensed mortgage loan officers have extensive knowledge of available programs, especially those for first-time homebuyers. They can help you navigate complex eligibility requirements and find the best financing options for your specific situation.

Disclaimer

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. The information provided on this website is for general informational purposes only and does not constitute financial, legal, or professional advice.