Are you a first-time homebuyer in Iowa? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Hawkeye State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership in Iowa more attainable.
State-Wide Programs
| Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|
| Up to $2,000 in down payment assistance | Homebuyers that can meet income requirements | Matching 1:1 savings account | |
| Up to $2,500 in down payment assistance | First time homebuyers that can meet income and credit score requirements | Grant | |
| Up to $5,000 in down payment assistance | First time homebuyers that can meet income and credit score requirements | Deferred loan with a 0% interest rate | |
| Up to $2,500 in down payment assistance | First time homebuyers that can meet income and credit score requirements | Grant | |
| Up to $5,000 in down payment assistance | First time homebuyers that can meet income and credit score requirements | Deferred loan with a 0% interest rate | |
| Up to $5,000 in down payment assistance | Veteran or active duty service member that can also meet income requirements | Grant |
Regional Programs
| County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Adair | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Adams | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Cass | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Clarke | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Decatur | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Fremont | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Harrison | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Madison | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Montgomery | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Mills | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Page | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Potawatomie | Down payment assistance - amount not specified | Homebuyers that are Native Americans that meet income requirements | Grant | |
| Pottawattamie | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Ringgold | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Shelby | Not specified | Homebuyers that can meet income requirements | Forgivable loan | |
| Taylor | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Union | Up to $5,000 in down payment assistance | First time homebuyers | Deferred loan with a 2% interest rate | |
| Woodbury | Down payment assistance - amount not specified | Homebuyers that are Native Americans that meet income requirements | Grant |
City Programs
| City | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Algona | Up to $7,500 in down payment and closing cost assistance | Homebuyers that can meet income and savings requirements and buying a home within the city limits of Algona | Second mortgage with a 3% interest rate | |
| Ames | Up to $13,500 in down payment assistance | First time homebuyers that can meet income requirements | Loan with a 2% interest rate | |
| Cedar Rapids | Up to $14,999 in down payment and closing cost assistance | First-time buyer who meets the income requirements and buying an eligible property and meets | Forgivable second mortgage | |
| Cedar Rapids | Up to $13,000 in down payment and closing costs assistance | Homebuyer that can meet income requirements | Deferred second mortgage with a 0% interest rate | |
| Davenport | Up to $2,500 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Grant | |
| Des Moines | Up to $7,500 in down payment and closing cost assistance | Homebuyers that can meet income requirements | Second mortgage | |
| Des Moines | Up to $15,000 for down payment and closing cost assistance | Homebuyers that are Native American or American Indian | Second mortgage | |
| Des Moines | Up to $13,000 in down payment and closing costs assistance | Homebuyer that can meet income requirements | Deferred second mortgage with a 0% interest rate | |
| Dubuque | Up to $5,000 in down payment assistance | First time homebuyers | Loan with a 0% interest rate | |
| Homeward | Up to $7,000 in down payment assistance | Homebuyer that can meet income requirements | Second mortgage with partial grant | |
| Iowa City | Down payment assistance - amount not specified | Homebuyers that can meet income requirements and buying rehabbed property in area | Not specififed | |
| Oskaloosa | Up to $2,500 in down payment assistance | First time homebuyers who meet income requirements | Forgivable second mortgage | |
| Sioux City | Up to $14,999 in down payment assistance | First time homebuyers that can meet income requirements | Not specified | |
| Waterloo | Up to $1,500 in closing cost assistance | First time homebuyers who have lived in Waterloo for at least 1 year and can meet income requirements | Forgivable second mortgage | |
| West Des Moines | Up to $13,000 in down payment and closing costs assistance | Homebuyer that can meet income requirements | Deferred second mortgage with a 0% interest rate | |
| Windsor Heights | Up to $13,000 in down payment and closing costs assistance | Homebuyer that can meet income requirements | Deferred second mortgage with a 0% interest rate |
Talk to a local 7M Sports Agent
7M Sports Agents are local experts who can get you better results for lower fees.
Learn more about living in Iowa
United StatesCopyright: © 2025 7M Sports. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of 7M Sports Corporation, registered or pending in the USPTO.
California DRE #01521930
7M Sports is licensed to do business in New York as 7M Sports Real Estate.Â
New MexicoÂ
°Õ¸é·¡°ä:Ìý,Ìý
If you are using a screen reader, or having trouble reading this website, please call 7M Sports Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE .