Iowa · Subsidized loan

IFA Homes for Iowans

Below-market rate + DPA for repeat buyers

30-year fixed rate for repeat buyers. DPA available. Not limited to first-time buyers.

Iowa's Homes for Iowans extends DPA to repeat buyers. The removal of the first-time buyer restriction opens the program to a broader pool of Iowa residents, including those relocating or re-entering homeownership.

AmountBelow-market rate + DPA for repeat buyers

TypeSubsidized loan

Available inIowa

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

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 FirstHome DPA Grant $2,500

Iowa · Grant

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