Iowa · Grant

IFA FirstHome DPA Grant

$2,500

Up to $2,500 true grant — no repayment ever. For eligible first-time buyers.

IFA's DPA Grant provides $2,500 that never needs to be repaid. While the amount is smaller than the loan option, the grant requires zero repayment under any circumstances — no forgiveness period, no conditions.

The grant can be combined with other IFA assistance and works with standard first mortgage products. For Iowa buyers who need just a small boost to reach their down payment goal, $2,500 in free money can be the difference between continuing to rent and closing on a home.

Amount$2,500
TypeGrant
Available inIowa
First-time buyer requiredYes
Minimum credit score640
Multi-unit eligibleYes — 1-4 units

House-hack eligible

True grant that never needs repayment. Stack with IFA FirstHome loan for $7.5K total.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down
Federal · Subsidized loan
VA Loan $0 down + no monthly mortgage insurance
Federal · Federal benefit
NACA Program $0 down + $0 closing + $0 PMI + below-market rate
National · Nonprofit program
IFA FirstHome DPA Loan $5,000
Iowa · Deferred 0% loan
IFA Homes for Iowans Below-market rate + DPA for repeat buyers
Iowa · Subsidized loan
All Iowa programs →

Get your free stacking strategy

We'll show you how to combine IFA FirstHome DPA Grant with other programs to maximize your free money — personalized to your ZIP code and income.

Or get matched with a lender who knows this program →