Iowa • First-Time Homeowner programs

First-Time Homeowner grants in Iowa

Browse first-time homeowner grants available in Iowa, including statewide and local programs.

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2 active programs in Iowa

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Down Payment and Closing Costs Programs

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Iowa Finance AuthorityIAFirst-Time Homeownerother

Updated: Dec 5, 2025

IFA’s Down Payment and Closing Costs Programs give Iowa homebuyers multiple ways to cover upfront costs, including a $2,500 grant, a 0-payment 2nd Loan up to 5% of the purchase price, and a $5,000 military grant that can be stacked to reach $10,000 or more in total assistance.

Eligible for: FirstHome down payment assistance is restricted to FirstHome-eligible buyers (first-time buyers, or targeted-area or qualifying military buy…

Funding: Assistance options include a 2500 dollar grant, a second loan up to 5 percent of the sale price or appraised value with no monthly payments, and a 5000 dollar military grant that can be layered for total assistance around 10000 dollars or more depending on the purchase price.Deadline: Rolling / subject to funding availability and annual appropriationsrollingstatewideIndividualDown payment assistanceClosing costsGrantSecond mortgage

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Down Payment Assistance Program – City of Iowa City

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City of Iowa City – Neighborhood & Development ServicesIAFirst-Time Homeownerforgivable loan

Updated: Dec 5, 2025

Iowa City’s Down Payment Assistance Program offers up to $24,999 in forgivable assistance for eligible buyers, delivered through partnerships with local credit unions and banks to expand homeownership—especially for households that don’t meet traditional financing standards.

Eligible for: Income-eligible Iowa City residents (generally at or below HUD-defined low- to moderate-income thresholds) who are purchasing a primary resi…

Funding: Forgivable down payment assistance loan up to 24999 dollars to help cover down payment and closing costs for eligible buyers in Iowa City.Deadline: Rolling / subject to funding availability; typically awarded on a first-come, first-qualified basis within funding cyclesrollingcityIndividualDown payment assistanceClosing costsForgivable loan

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