Official State of Iowa Website Here is how you know

First-Time 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 get started include: Find a real estate agent and lender; Understand your finances; 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


  • Downpayment Required


Financial Snapshot

  • First-Time Homebuyer


  • Household Income


  • Credit Card Debt


  • Credit Rating


  • Student Debt


  • Current Rent


  • Savings for Home


Help from the Iowa Finance Authority

The Iowa Finance Authority provides mortgage, down payment and closing costs assistance programs to first-time and repeat homebuyers that can make buying a home affordable and easy. The Iowa Finance Authority offers mortgage programs that have lower minimum down payment requirements, as well as two down payment and closing costs assistance programs: Grant for $2,500 OR 2nd Loan of up to $5,000, to help homebuyers.

Target Home with Assistance

  • Home Price


  • Minimum Down Payment Percentage Required


  • Down Payment Required


  • IFA Down Payment Assistance Grant


  • Adjusted/New Down Payment

    $2,900 (does not include closing costs)

In Closing

While the amount of financial assistance provided by IFA varies for each first-time homebuyer, there are mortgage and down payment programs available to help you take life-changing actions each day — just like Nate and Jen were able to do.

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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