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We Found Help if You’re a First Time Home Buyer in Iowa

We Found Help if You’re a First Time Home Buyer in Iowa

If you’re a first time home buyer in Iowa, you might be able to get help with your purchase. From down payment assistance to closing cost assistance and so much more, purchasing a home could be possible.

Get more help buying a house with low income here!

Down payment help is available if you’re a first time home buyer in Iowa!

If you’re a first time home buyer in Iowa, you might be able to get help through the USDA. They offer assistance to people who are in rural areas and qualify. While they do not provide down payment assistance, they do offer a 100% financing loan for people who qualify with both income and credit. You’ll need to meet their requirements to get a loan that is 100% financing and does not require you to put any money down.

The Iowa Finance Authority might be able to help you if you want to purchase a home. You might be able to get help through the authority with their down payment assistance and closing cost programs. The Finance Authority might even be able to provide you with a grant that could cover your entire down payment depending on your home price!

Get help with your Iowa home purchase.  

The USDA could help if you are purchasing a home even if you don’t qualify for 100% financing. They offer their guarantee on other loan programs that might make it easier for you to purchase a home. USDA loans come with a guarantee and might have better terms than traditional financing.

If you’re a first time home buyer in Iowa, you might be able to get an FHA mortgage. Lenders around the state provide help with the FHA mortgage for first time home buyers! This mortgage comes with better terms, lower interest rates and a smaller down payment requirement if you want to purchase a home for the first time!

Habitat for Humanity might provide assistance to people who are in desperate housing situations! If you qualify for help through the Habitat, you make it through the waiting list process and you put sweat equity into building the home, you might be able to get into a brand new or newly renovated home!

We found military home buyer programs!

You could get help with a loan backed by the VA. VA-backed loans come with much easier credit requirements, lower If you’re a first time home buyer in Iowa and you also are a service member, you could get help with a $5,000 grant you can use toward your down payment or your closing costs! Injured veterans can get up to $10,000 toward down payments and closing costs!

If you’re a first time home buyer in Iowa, your region or county might help you.

Some counties might help if you’re a first time home buyer in Iowa! Counties might be able to provide you with down payment assistance and closing cost help. Check to see if your county provides assistance.

*Iowa regions and Iowa counties might both be able to help you if you’re a first time home buyer in Iowa.

East Central Iowa

If you’re a first time home buyer in East Central Iowa, you might be able to get home buyer assistance. Residents of Benton County, Iowa County, Washington County, Johnson County, Linn County and Jones County might all be able to get help. The county board offers options like down payment assistance that might make it easier for you to purchase a home. You could use these programs in combination with state-sponsored ones.

Southern Iowa

Residents of Southern Iowa in Adair, Decatur, Taylor, Adams, Union, Clarke, Ringgold and Madison Counties might all be able to get help with home buying. You could get help for down payment, closing cost and even mortgage assistance. The housing program might also be able to help you find affordable housing in the area.

Southwest Iowa

Are you in Southwest Iowa? You might be able to get help with your home purchase! Residents of Cass, Fremont, Harrison, Mills, Montgomery, Page, Pottawattamie and Shelby Counties might all be able to get additional assistance through the regional housing programs. If you qualify for these programs, you might be able to use them in addition to the ones through the state!

Black Hawk County

Waterloo’s Operation Threshold might be able to provide help if you’re a first time home buyer in Iowa. You might be able to get help with down payment and closing cost assistance. You might also be able to qualify for help finding a home in your area.

Johnson County

Are you a first time home buyer in Iowa City? The Housing Authority offers a variety of assistance programs that might make it easier for you to get into a home! There are programs that could help you with down payments and closing costs. The city also offers the housing choice vouchers. Iowa City’s Housing Authority could help you find a home and finance it.

Linn County

Buying a home in Cedar Rapids? You might be able to get down payment assistance as a first time home buyer in Iowa! There are programs that can help you in the community that might make it easier for you to get into a house. Through the down payment assistance program, you could qualify for anywhere between $1,000 to $5,000 toward your down payment. As long as you stay in the home for five years, the loan becomes a forgivable one!

Mahaska County

The Oskaloosa Housing Action Plan might be able to help if you’re a first time home buyer in Iowa! The program can help with homebuyer assistance programs that might make it easier for you to make your down payment or to pay your closing costs. The program has a variety of requirements you’ll have to meet including residency, credit and income requirements.

Polk County

Are you buying a home in Des Moines? You might be able to get help with your home purchase through the home buyer program housing services offers. You could use the first time home buyer program along with FSS to get assistance toward your home purchase. You’ll need to have a qualifying income underneath their maximum amount.

Pottawattamie County

Council Bluffs has a community development program if you’re a first time home buyer in Iowa. There are programs available that might be able to help with down payment assistance. You’ll need to meet the income guidelines of these programs to qualify for help through the city.

Scott County

Help is available in Davenport! If you’re a first time home buyer looking for a home in Davenport, you might be able to get help with your down payment. If you qualify for help through the city, you might be able to get up to $2,500 toward your down payment. Not everyone is approved for the full amount and approval might be based on your income.

Woodbury County

Are you in Sioux City? You could get help with purchasing your first home in Iowa! The MyPad down payment assistance program could help you with your home purchase. You’ll need to apply for the program, be under their income guidelines and meet their other requirements to qualify for the program. The amount you’re able to get depends on funding, your eligibility and might depend on other factors too!

Wright County

Wright County residents might be able to get home purchase assistance. You could get up to 10% of your total home purchase through the county. This could help you with down payments, closing costs and repairs. There are strict guidelines for the type of repair you can use it for and you’ll need to meet the county’s requirements to get access to the grant!

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