First Time Home Buyer

 Programs in Iowa

Complete First Time Home Buyer Programs Available in Iowa.

The state agency created by the legislature in Iowa to offer first time home buyer programs is the Iowa Finance Authority. Here is a summary of the current first time home buyer programs that are offered:

FirstHome

FirstHome PLUS

Home and Community-Based Services Revolving Loan Program Fund

Housing Assistance Program Funding

Iowa Housing Assistance Program (IHAP)

Low-Income Housing Tax Credits

Mortgage Credit Certificate Program (MCC)

Multifamily Housing Loan Program

OurHome Rehabilitation

Section 8 Contract Administration

Senior Living Revolving Loan Fund

State Housing Trust Fund

For complete details on these first time home buyer programs available to Iowa residents, visit the Iowa Finance Authority website.

It is highly recommend that you also visit the First Time Home Buyer Grants page.

Best Lender For First Time Home Buyer Loans

Unfortunately, some lenders do not like to work with first time home buyers (due to not having a track record), and prefer instead to only provide mortgages to people who have previously owned a home. If you do not need help with the down payment and are not in need of any state program, but simply want to apply for a mortgage, we recommend  ING DIRECT Orange Mortgage They have great rates, an easy online application, and welcome first time home buyers. Additionally they have not been as severely hurt by the subprime mortgage crisis and are still approving the majority of applications.

Other First Time Home Buyer Programs & Resources