Iowa Finance Authority FirstHome Program

Iowa Finance Authority

Available Down Payment

About This Program

Iowa Finance Authority FirstHome Program is available to homeowners in Grimes, IA.

Down payment and closing cost assistance for first-time homebuyers in Iowa. Forgivable second mortgage that is forgiven after 5 years of occupancy. Must be combined with IFA first mortgage. Income and purchase price limits apply.

Typical down payment assistance award for moderate-income first-time buyer

Official program page checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Grimes, IA, you can combine this program with other local help to cut your cost:

Key Details

  • Forgivable second mortgage up to $5,000
  • Must be first-time homebuyer or not owned home in 3 years
  • Income limits apply (typically 80% AMI)
  • Forgiven after 5 years of occupancy
  • Must use IFA-approved lender

How to Apply

A grant-savvy contractor in Grimes, IA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing, subject to funding availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can Iowa Finance Authority FirstHome Program provide in Grimes, IA?

Up to $5,000 down payment assistance.

Who qualifies for Iowa Finance Authority FirstHome Program in Grimes?

Iowa Finance Authority FirstHome Program is open to homeowners in Grimes, IA.

How do I apply for Iowa Finance Authority FirstHome Program in Grimes, IA?

Apply directly with Iowa Finance Authority using the official program link on this page or call (800) 432-7230. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Grimes, IA

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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