State Programs - Iowa Finance Authority

The Iowa Finance Authority (IFA) offers a variety of programs to assist in the attainment of housing for low- and moderate-income Iowans, including for homeless assistance, multifamily rental, and single-family homeownership.  To learn more about IFA programs call 800-432-4900, visit or inquire at your local bank.

IFA Downpayment Assistance
Provides loans up to 5% of purchase price or $5,000 (whichever is less) is payable when the home is sold or refinanced. Some applicants may be eligible for up to $2,500 in grant funds towards the home purchase.  Contact IFA at the information listed above or at this LINK.

IFA Military Homeownership Assistance Program
the Military Home Assistance Program provides eligible service members and veterans with a $5,000 grant for down payment and closing costs on a qualifying home purchase.  To learn more, contact IFA at the information listed above or visit this LINK.