Iowa Finance Authority
Iowa Finance Authority FirstHome Program is available to homeowners in Iowa City, IA.
Low-interest mortgage program for first-time homebuyers in Iowa with down payment and closing cost assistance. Includes homebuyer education requirement. Income limits apply based on household size and county.
Down payment assistance provided as forgivable second mortgage
Verified against Iowa Finance Authority's official page on 2026-06-17.
Data last verified 2026-06-09. How we verify our data.
In Iowa City, IA, you can combine this program with other local help to cut your cost:
A grant-savvy contractor in Iowa City, IA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
Documents you will likely need
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
Ask us. It is free, and a real person answers within a business day.
Email us about this programUp to $2,500 down payment assistance.
Iowa Finance Authority FirstHome Program is open to homeowners in Iowa City, 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.
Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
See All Programs