Connect Iowans to affordable financial resources.
Connect Iowans to affordable financial resources.
Services:
- First Home Program
- Home for Iowans
- Home and Community-Based Services Rent
- Military Homeownership Assistance
Eligibility:
Depends on program and service.
Intake Process:
Contact IFA Participating Lender, Verification of Eligiblity, Closing Processing, Finding a Lending
Interpreters Available:
Call to confirm prior to intake and services.
Hours:
Monday-Friday 8am-5pm
Mailing Address:
1963 Bell Avenue, Suite 200
Des Moines, IA 50315
Payment:
No fees.
Handicap Accessible: Yes
Appointment Needed: Yes
Website: Visit Website
Program: FirstHome Program
The FirstHome Program connects first-time homebuyers with affordable mortgages and local lenders.
Services:
The FirstHome Program connects first-time homebuyers with affordable mortgages and local lenders.
Eligibility:
- First-time home buyer (not owning a primary residence in the last 3 years)
- Household income limit varies by county and household size and ranges from $96,500-$131,790
- Home purchase price limit, occupancy (home must be occupied by buyer as primary residence within 60 days of closing
- Credit score (minimum credit score of 640)
- Debt to income ratio is 50%
- Homebuyer education required on conventional loans only.
Intake Process:
Contact IFA Participating Lender, Verification of Eligiblity, Closing Processing, Finding a Lending (FirstHome application)
Hours:
Monday-Friday 8am-5pm
Payment:
No fees.
Handicap Accessible: Yes
Appointment Needed: Yes
Website: Visit Website
Program: Homes for Iowans
The Homes for Iowans program can help first-time and repeat home buyers purchase a home in Iowa.
Services:
- The Homes for Iowans program can help first-time and repeat home buyers purchase a home in Iowa
Eligibility:
- Household Income Limit (163,800)
- Home Purchase Price Limit ($624,000)
- Real Estate History (available to first-time and repeat homebuyers who are purchasing primary residence in IA)
- Occupancy (must be occupied by buyer as primary residence within 60 day of closing)
- Credit Score (minimum credit score of 640)
- Debt to income ratio of 50%
Intake Process:
Contact IFA Participating Lender, Verification of Eligibility, Closing Processing, Finding a Lending (FirstHome application).
Hours:
Monday-Friday 8am-5pm
Payment:
No fees.
Handicap Accessible: Yes
Appointment Needed: Yes
Website: Visit Website
Provides eligible clients with monthly rent assistance payment to live successfully until they become eligible for other rent assistance.
Services:
- Iowa Renters and utility assistance program can help with past due payments on rent and utilities
Eligibility:
- Must be 18 years or older
- Be an approved participant of Money Follows the Person or one of the home and community based services waiver programs
- Provide evidence that they are responsible for paying more than 30% of their income for rent
- Provide evidence that they have been determined ineligible or have been placed on a waiting list for HUD rental assistance or other rental subsidy programs
Intake Process:
Complete IFA application, include evidence of all current income, written evidence that application is ineligible or placed on waiting list for HUD rental assistance or other rental subsidy program, current copy of lease agreement signed by landlord and tenant, and send completed application by email or mail.
Hours:
Monday-Friday 8am-5pm
Payment:
No fees.
Handicap Accessible: Yes
Appointment Needed: Yes
Website: Visit Website
Program: Military Homeownership Assistance
The program provides a $5,000 grant to service members and veterans for down payments and closing costs on qualifying homes.
Services:
- The program provides a $5,000 grant to service members and veterans for down payments and closing costs on qualifying homes.
Eligibility:
90 Days of active duty (between August 2 1990 and April 6 1991 or September 11 2001 to present),OR federal status injured service person (between August 2 1990 and April 6 1991 or September 11 2001 to present), surviving spouse of eligible person.
Intake Process:
Contact IFA Participating Lender, Verification of Eligibility, Funding Check
Hours:
Monday-Friday 8am-5pm
Payment:
No fees.
Handicap Accessible: Yes
Appointment Needed: Yes
Website: Visit Website