Official State of Iowa Website Here is how you know

A New Homebuyer Just Like You

Financial Snapshot

Have you been searching online and visiting neighborhoods to find the perfect home? In today’s market, houses do not stay available long, so it is important to plan and be ready to move fast when it comes to buying a home. A few steps to getting started include: 1. Find a real estate agent and lender 2. Understand your finances 3. And learn about existing programs that may help you get into a new home!

Homeownership may be closer than you think

Find real-life examples below and see if this sounds like your situation.

Target Home

  • Home Price


  • Minimum Down Payment Percentage Required


  • Down Payment Required


Financial Snapshot

  • First-time homebuyer


  • Household Income


  • Credit Rating


  • Student Debt


  • Current Rent


  • Car Payment

    $267/ mo.

Help from the Iowa Finance Authority

The Iowa Finance Authority offers mortgage, down payment and closing costs assistance programs for first-time and repeat homebuyers: Grant for $2,500 OR 2nd Loan of up to 5% of the home’s sale price with no maximum and is repayable at time of sale, refinance or first mortgage is paid in full. No monthly payments required!

Target Home With Assistance

  • Home Price:


  • Minimum Down Payment Percentage Required


  • Down Payment Required


  • IFA Down Payment Assistance Loan


  • Adjusted/New Down Payment

    $0 (not including closing costs)

In Closing

IFA connects many people with affordable financing resources to help them turn their dreams into untold realities. And for Edwardo, IFA is bringing more light to his reality, giving Iowans the confidence, courage and inspiration they need to begin a new adventure.

Learn how the Iowa Finance Authority may be able to assist you with your home purchase.

Learn About

We work for you, so let us hear you

It’s important to us that the Iowa Finance Authority is available to you to answer your questions, lead you to the right program and address your concerns.

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